Pan African Resources (LON:PAF) Trading Up 9.9% – Time to Buy?

Shares of Pan African Resources PLC (LON:PAFGet Free Report) rose 9.9% on Wednesday . The company traded as high as GBX 160.40 and last traded at GBX 160.20. Approximately 8,635,302 shares changed hands during trading, a decline of 62% from the average daily volume of 23,019,322 shares. The stock had previously closed at GBX 145.80.

Pan African Resources News Summary

Here are the key news stories impacting Pan African Resources this week:

Analyst Upgrades and Downgrades

PAF has been the topic of several analyst reports. Canaccord Genuity Group upped their price objective on Pan African Resources from GBX 135 to GBX 160 and gave the company a “buy” rating in a research report on Thursday, February 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 154 price objective on shares of Pan African Resources in a report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 157.

Get Our Latest Stock Analysis on Pan African Resources

Pan African Resources Price Performance

The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.74 and a current ratio of 0.78. The company has a market cap of £3.25 billion, a P/E ratio of 22.37, a P/E/G ratio of 8.95 and a beta of 0.89. The firm’s fifty day moving average is GBX 128.71 and its two-hundred day moving average is GBX 99.13.

Pan African Resources Company Profile

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