Pan African Resources (LON:PAF) Hits New 12-Month High – Still a Buy?

Pan African Resources PLC (LON:PAF) hit a new 52-week high on Wednesday . The stock traded as high as GBX 153.20 and last traded at GBX 149.40, with a volume of 11015219 shares changing hands. The stock had previously closed at GBX 145.80.

Analysts Set New Price Targets

Several brokerages have recently commented on PAF. Berenberg Bank restated a “buy” rating and issued a GBX 154 target price on shares of Pan African Resources in a research note on Monday, February 9th. Canaccord Genuity Group raised their price objective on Pan African Resources from GBX 135 to GBX 160 and gave the company a “buy” rating in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 157.

Pan African Resources Trading Up 2.9%

The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 35.80. The firm has a 50 day moving average price of GBX 130.67 and a 200 day moving average price of GBX 100.26. The stock has a market capitalization of £3.38 billion, a PE ratio of 23.26, a P/E/G ratio of 8.95 and a beta of 0.89.

Pan African Resources Company Profile