Pan African Resources (LON:PAF) Given New GBX 16.50 Price Target at Peel Hunt

Pan African Resources (LON:PAF) had its price target upped by Peel Hunt from GBX 15.50 ($0.20) to GBX 16.50 ($0.22) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Separately, Numis Securities reiterated a buy rating and set a GBX 1,800 ($23.52) price target on shares of in a research report on Monday, June 3rd.

Shares of PAF stock opened at GBX 10.92 ($0.14) on Wednesday. Pan African Resources has a 52 week low of GBX 7.02 ($0.09) and a 52 week high of GBX 11.50 ($0.15). The company has a market capitalization of $210.57 million and a PE ratio of -2.28. The company has a quick ratio of 0.31, a current ratio of 0.41 and a debt-to-equity ratio of 85.83. The business’s fifty day simple moving average is GBX 10.19.

Pan African Resources Company Profile

Pan African Resources PLC engages in the exploration of precious metals in South Africa. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company segments. The company primarily explores gold ores, platinum-group elements, and coal. Its principal property is the Barberton gold project that consists of three mines, including Fairview, New Consort, and Sheba located in the Mpumalanga Province.

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