Pan African Resources (LON:PAF) Reaches New 52-Week High - What's Next?

Shares of Pan African Resources PLC (LON:PAF - Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 72.90 ($0.99) and last traded at GBX 72.90 ($0.99), with a volume of 625475 shares changing hands. The stock had previously closed at GBX 70.10 ($0.95).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on Pan African Resources from GBX 71 to GBX 83 and gave the company a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 83.

Pan African Resources Price Performance

The stock has a market capitalization of £1.56 billion, a P/E ratio of 1,766.06, 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 quick ratio of 0.74 and a current ratio of 0.78. The firm has a 50-day moving average price of GBX 60.30 and a 200 day moving average price of GBX 49.76.

About Pan African Resources

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.