Pan African Resources plc (PAF) Rating Reiterated by Peel Hunt

Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research report issued on Wednesday. They currently have a GBX 26 ($0.34) target price on the stock. Peel Hunt’s target price suggests a potential upside of 25.30% from the stock’s current price.

Several other analysts have also recently weighed in on PAF. Numis Securities Ltd reissued a ” buy” rating on shares of Pan African Resources plc in a report on Wednesday, July 20th. FinnCap reissued a “hold” rating and set a GBX 15 ($0.20) price target on shares of Pan African Resources plc in a report on Wednesday, June 15th.

Pan African Resources plc (LON:PAF) opened at 21.068 on Wednesday. Pan African Resources plc has a 1-year low of GBX 6.72 and a 1-year high of GBX 24.50. The firm has a 50-day moving average price of GBX 20.32 and a 200-day moving average price of GBX 17.20. The firm’s market cap is GBX 385.86 million.

Pan African Resources plc Company Profile

Pan African Resources PLC (Pan African) is a South-Africa based gold mining and exploration Company. The Company focuses on exploitation of high grade ore-bodies that yield high margins with a low cash cost base through experienced management teams. The Company’s operations include Barberton, The Barberton Tailings Retreatment Project (BTRP), Evander Gold Mines and Phoenix Platinum Project.

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