Pan African Resources (LON:PAF) Reaches New 12-Month High – Here’s What Happened

Shares of Pan African Resources PLC (LON:PAF) reached a new 52-week high on Tuesday . The stock traded as high as GBX 126.40 and last traded at GBX 126.40, with a volume of 25970164 shares. The stock had previously closed at GBX 120.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 112 price objective on shares of Pan African Resources in a report on Thursday, November 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pan African Resources presently has a consensus rating of “Buy” and an average price target of GBX 112.

Pan African Resources Stock Up 0.9%

The company has a 50 day moving average of GBX 104.73 and a 200-day moving average of GBX 81.32. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74. The company has a market cap of £2.40 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89.

About Pan African Resources