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Pan African Resources (LON:PAF) Sets New 12-Month High - What's Next?

Pan African Resources logo with Basic Materials background

Shares of Pan African Resources PLC (LON:PAF - Get Free Report) hit a new 52-week high during trading on Tuesday . The company 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).

Wall Street Analysts Forecast Growth

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

View Our Latest Report on PAF

Pan African Resources Stock Performance

The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.74 and a current ratio of 0.78. The firm's 50 day moving average is GBX 47.14 and its 200-day moving average is GBX 41.87. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89.

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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