HSBC reiterated their buy rating on shares of Pan African Resources plc (LON:PAF) in a research report released on Friday morning. HSBC currently has a GBX 24 ($0.31) target price on the stock, down from their previous target price of GBX 28 ($0.37).
PAF has been the subject of several other research reports. Numis Securities Ltd reaffirmed a buy rating and set a GBX 35 ($0.46) price objective on shares of Pan African Resources plc in a research report on Thursday, September 22nd. Peel Hunt increased their target price on shares of Pan African Resources plc from GBX 17 ($0.22) to GBX 26 ($0.34) and gave the stock a buy rating in a report on Wednesday, August 3rd. Finally, FinnCap reissued a hold rating and issued a GBX 15 ($0.20) target price on shares of Pan African Resources plc in a report on Wednesday, June 15th.
Shares of Pan African Resources plc (LON:PAF) opened at 19.75 on Friday. The firm has a 50-day moving average of GBX 20.07 and a 200 day moving average of GBX 17.44. Pan African Resources plc has a 52-week low of GBX 6.72 and a 52-week high of GBX 24.50. The firm’s market cap is GBX 353.79 million.
About Pan African Resources plc
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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