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

Pan African Resources PLC (LON:PAF) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 122.60 and last traded at GBX 120.01, with a volume of 7902094 shares. The stock had previously closed at GBX 122.40.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 112 price objective on shares of Pan African Resources in a report on Thursday, November 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pan African Resources currently has a consensus rating of “Buy” and an average price target of GBX 112.

Pan African Resources Stock Performance

The firm has a 50 day moving average of GBX 98.99 and a two-hundred day moving average of GBX 77.45. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74. The stock has a market cap of £2.43 billion, a PE ratio of 16.76, a PEG ratio of 8.95 and a beta of 0.89.

Pan African Resources Company Profile