Pan African Resources (LON:PAF) Trading Up 6.4% – Here’s What Happened

Pan African Resources PLC (LON:PAF) was up 6.4% during trading on Wednesday . The company traded as high as GBX 124.30 and last traded at GBX 121.96. 9,129,342 shares changed hands during trading, a decline of 63% from the average session volume of 24,531,916 shares. The stock had previously closed at GBX 114.60.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PAF shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 155 price target on shares of Pan African Resources in a research report on Friday, August 7th. Berenberg Bank restated a “buy” rating and set a GBX 153 target price on shares of Pan African Resources in a research note on Friday, September 11th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 156.

Pan African Resources Price Performance

The firm has a 50 day moving average of GBX 111.66 and a 200-day moving average of GBX 127.54. The company has a market cap of £2.47 billion, a P/E ratio of 10.20, a P/E/G ratio of 8.95 and a beta of 0.70. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 19.51.

About Pan African Resources