Pan African Resources (LON:PAF) Trading 9.9% Higher – What’s Next?

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PAF shares. Canaccord Genuity Group lifted their target price 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 reaffirmed a “buy” rating and set a GBX 154 price target on shares of Pan African Resources in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pan African Resources presently has a consensus rating of “Buy” and an average price target of GBX 157.

Get Our Latest Analysis on PAF

Pan African Resources Stock Performance

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 company has a fifty day moving average price of GBX 127.72 and a 200 day moving average price of GBX 98.70. The stock has a market cap of £3.25 billion, a PE ratio of 22.37, a P/E/G ratio of 8.95 and a beta of 0.89.

About Pan African Resources

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