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

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.

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

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.