Pan African Resources (LON:PAF - Get Free Report) had its price target increased by equities research analysts at Berenberg Bank from GBX 71 to GBX 83 in a research note issued on Friday,
Digital Look reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 6.14% from the company's current price.
Pan African Resources Stock Up 2.5%
Shares of LON PAF opened at GBX 78.20 on Friday. Pan African Resources has a 12-month low of GBX 30.45 and a 12-month high of GBX 79. The company has a market capitalization of £1.59 billion, a PE ratio of 1,793.58, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74. The firm's 50-day moving average is GBX 59.74 and its two-hundred day moving average is GBX 49.46.
About Pan African Resources
(
Get Free Report)
Pan African is an African-focused mid-tier gold producer, with annual production capacity of over 200,000 oz/year from long-life (+20 years) underground mines in the prolific Witwatersrand Basin and the Barberton Greenstone Belt, as well as from low-cost high-margin environmentally remediating surface remining operations.
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