Pan African Resources (LON:PAF) Given Not Rated Rating at Shore Capital
Shore Capital reiterated their not rated rating on shares of Pan African Resources (LON:PAF) in a report published on Wednesday, Digital Look reports.
Several other equities analysts have also commented on the stock. Peel Hunt reiterated a buy rating and issued a GBX 17 ($0.22) price target on shares of Pan African Resources in a research note on Wednesday. Numis Securities restated a buy rating on shares of Pan African Resources in a research report on Monday, June 3rd.
Shares of Pan African Resources stock opened at GBX 11.70 ($0.15) on Wednesday. The firm has a market capitalization of $225.62 million and a P/E ratio of -2.44. Pan African Resources has a 52 week low of GBX 7.53 ($0.10) and a 52 week high of GBX 14.70 ($0.19). The company has a quick ratio of 0.31, a current ratio of 0.41 and a debt-to-equity ratio of 85.83. The firm’s 50 day moving average is GBX 13 and its two-hundred day moving average is GBX 10.51.
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.
Further Reading: Sell-Side Analysts
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