Free Trial

Pan African Resources (LON:PAF) Sets New 52-Week High - Time to Buy?

Pan African Resources logo with Basic Materials background

Shares of Pan African Resources PLC (LON:PAF - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 50.90 ($0.69) and last traded at GBX 50.84 ($0.69), with a volume of 1582093 shares trading hands. The stock had previously closed at GBX 49.80 ($0.68).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their target price on Pan African Resources from GBX 55 ($0.75) to GBX 71 ($0.96) and gave the company a "buy" rating in a research report on Wednesday, July 2nd.

Get Our Latest Research Report on Pan African Resources

Pan African Resources Stock Performance

The stock has a fifty day moving average of GBX 47.14 and a 200-day moving average of GBX 41.87. The stock has a market capitalization of £1.06 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 35.80.

Pan African Resources Company Profile

(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.

See Also

Should You Invest $1,000 in Pan African Resources Right Now?

Before you consider Pan African Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pan African Resources wasn't on the list.

While Pan African Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines