Pan African Resources (LON:PAF) Shares Up 9.9% – What’s Next?

Pan African Resources PLC (LON:PAF)’s stock price rose 9.9% during trading on Wednesday . The company traded as high as GBX 160.40 and last traded at GBX 160.20. Approximately 8,635,302 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 23,019,322 shares. The stock had previously closed at GBX 145.80.

Analyst Ratings Changes

PAF has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 154 price objective on shares of Pan African Resources in a report on Monday, February 9th. Canaccord Genuity Group raised their price target on Pan African Resources from GBX 135 to GBX 160 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Pan African Resources has a consensus rating of “Buy” and an average price target of GBX 157.

Pan African Resources Stock Up 9.9%

The stock has a market cap of £3.25 billion, a PE ratio of 22.37, a PEG ratio of 8.95 and a beta of 0.89. 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 company has a 50 day moving average price of GBX 127.72 and a two-hundred day moving average price of GBX 98.70.

About Pan African Resources