Free Trial

Pan African Resources (LON:PAF) Trading Up 4% - Here's What Happened

Pan African Resources logo with Basic Materials background

Key Points

  • Pan African Resources shares increased by 4%, trading at approximately GBX 82.70 ($1.13) during mid-day trading, with a significant surge in trading volume.
  • Berenberg Bank raised their price target for the stock from GBX 71 to GBX 83, maintaining a "buy" rating, with the average target price also set at GBX 83.
  • The company is recognized as a major mid-tier gold producer in Africa, operating long-life underground mines and environmentally sustainable surface mining operations.
  • Five stocks to consider instead of Pan African Resources.

Shares of Pan African Resources PLC (LON:PAF - Get Free Report) rose 4% during trading on Wednesday . The stock traded as high as GBX 83 ($1.12) and last traded at GBX 82.70 ($1.11). Approximately 8,947,369 shares traded hands during trading, an increase of 39% from the average daily volume of 6,444,745 shares. The stock had previously closed at GBX 79.50 ($1.07).

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on Pan African Resources from GBX 71 to GBX 83 and gave the stock a "buy" rating in a report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Pan African Resources presently has an average rating of "Buy" and a consensus price target of GBX 83.

Check Out Our Latest Report on Pan African Resources

Pan African Resources Trading Up 4.7%

The business has a fifty day simple moving average of GBX 63.54 and a 200-day simple moving average of GBX 51.50. The firm has a market cap of £1.73 billion, a price-to-earnings ratio of 1,951.83, a PEG 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.

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.

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

Analysts Agree—These Gold Picks Outshine the Rest Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

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