Pan African Resources plc (PAF) Given Average Rating of “Buy” by Brokerages
Shares of Pan African Resources plc (LON:PAF) have received a consensus rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 21.75 ($0.30).
A number of equities analysts recently weighed in on the stock. Peel Hunt restated an “under review” rating on shares of Pan African Resources in a research report on Tuesday, December 19th. Numis Securities upped their target price on shares of Pan African Resources from GBX 28 ($0.39) to GBX 30 ($0.42) and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, upgraded shares of Pan African Resources to a “buy” rating and upped their target price for the stock from GBX 15 ($0.21) to GBX 16 ($0.22) in a research report on Tuesday, October 31st.
Shares of Pan African Resources (LON:PAF) opened at GBX 9.13 ($0.13) on Thursday. The stock has a market cap of $204.03 and a price-to-earnings ratio of 913.00. Pan African Resources has a 52 week low of GBX 8.56 ($0.12) and a 52 week high of GBX 18.25 ($0.26).
Pan African Resources Company Profile
Pan African Resources PLC is a precious metals producer engaged in mining. The Company operates through six segments: Barberton Mines, located in Barberton South Africa, derives revenue from sale of gold to South African financial institutions; Evander Gold Mining Proprietary Limited and Evander Gold Mines Limited (collectively known as Evander Mines), located in Evander South Africa, derives revenue from sale of gold to South African financial institutions; Phoenix Platinum, located in North West province in South Africa, derives revenue from sale of platinum group element concentrate to Western Platinum Limited; Uitkomst Colliery, located in Newcastle, KwaZulu-Natal, derives revenue from sale of coal to local and export markets; Corporate office and growth projects, including PAR Gold Proprietary Limited, derives revenue from management fee from providing management and administration services to other group companies, and Funding Company, which provides treasury function activities.
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