Pan African Resources (LON:PAF) set a new 1-year high at $30.00

Pan African Resources PLC (LON:PAF – Get Free Report ) hit a new 52-week high on Friday. The stock traded as high as GBX 30 ($0.38) and last traded at GBX 29.85 ($0.38), with a volume of 1235356 shares traded. The stock had previously closed at GBX 29.50 ($0.38).

Changes in Analyst Ratings

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and set a GBX 31 ($0.40) target price on shares of Pan African Resources in a research note on Monday, July 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 38 ($0.49) price target on shares of Pan African Resources in a report on Wednesday.

Read our latest analysis of Pan-African resources

Pan African Resources stock performance

The company has a 50 day simple moving average of GBX 27.27 and a two hundred day simple moving average of GBX 23.83. The company has a debt-to-equity ratio of 28.41, a quick ratio of 0.74, and a current ratio of 1.05. The firm has a market cap of £574.08 million, a P/E ratio of 996.67, a PEG ratio of 8.95 and a beta of 0.80.

About Pan African Resources

(Get a free report)

Pan African Resources PLC is engaged in the mining, extraction, production and sale of gold in South Africa. The company’s flagship projects include the Barberton Mines, which consists of three underground mines including Fairview, Sheba and Consort located in the Barberton Greenstone Belt; and the Elikhulu tailings reprocessing plant in South Africa.

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