Pan African Resources (LON:PAF) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Pan African Resources (LON:PAF) in a research report sent to investors on Thursday,Digital Look reports. They currently have a GBX 112 price target on the stock.

Pan African Resources Trading Up 3.0%

PAF stock traded up GBX 2.90 during midday trading on Thursday, reaching GBX 100. The stock had a trading volume of 3,857,152 shares, compared to its average volume of 7,063,022. The business has a fifty day simple moving average of GBX 89.93 and a two-hundred day simple moving average of GBX 67.49. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 35.80. The firm has a market cap of £2.03 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 8.95 and a beta of 0.89. Pan African Resources has a twelve month low of GBX 33 and a twelve month high of GBX 101.60.

Insider Transactions at Pan African Resources

In other Pan African Resources news, insider Cobus Loots sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of GBX 87, for a total value of £174,000. Insiders own 2.15% of the company’s stock.

About Pan African Resources

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.