Pan African Resources (LON:PAF) Given “Buy” Rating at Numis Securities

Pan African Resources (LON:PAF)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities in a note issued to investors on Monday, June 3rd, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 15.50 ($0.20) price target on shares of Pan African Resources in a research note on Wednesday, February 20th.

PAF traded down GBX 0.02 ($0.00) during trading on Monday, hitting GBX 10.78 ($0.14). The company’s stock had a trading volume of 1,337,859 shares, compared to its average volume of 3,010,000. The stock has a market capitalization of $208.81 million and a price-to-earnings ratio of -2.25. The business’s fifty day simple moving average is GBX 9.82. Pan African Resources has a twelve month low of GBX 6.50 ($0.08) and a twelve month high of GBX 11.25 ($0.15). The company has a debt-to-equity ratio of 85.83, a current ratio of 0.41 and a quick ratio of 0.31.

Pan African Resources Company Profile

Pan African Resources PLC engages in the exploration of precious metals in South Africa. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company segments. The company primarily explores gold ores, platinum-group elements, and coal. Its principal property is the Barberton gold project that consists of three mines, including Fairview, New Consort, and Sheba located in the Mpumalanga Province.

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