What’s Next for Pan African Resources plc After Today’s Huge Increase?

 What's Next for Pan African Resources plc After Today's Huge Increase?

The stock of Pan African Resources plc (LON:PAF) is a huge mover today! The stock decreased 4.60% or GBX 1 on November 10, hitting GBX 20.75. About 4.41M shares traded hands or 87.66% up from the average. Pan African Resources plc (LON:PAF) has risen 50.00% since April 13, 2016 and is uptrending. It has outperformed by 44.35% the S&P500.
The move comes after 7 months positive chart setup for the GBX 440.63 million company. It was reported on Nov, 10 by Barchart.com. We have GBX 56.65 PT which if reached, will make LON:PAF worth GBX 762.29M more.

Pan African Resources plc (LON:PAF) Ratings Coverage

Out of 5 analysts covering Pan African Resources (LON:PAF), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Pan African Resources has been the topic of 15 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Numis Securities maintained the shares of PAF in a report on Tuesday, October 11 with “Buy” rating. The stock of Pan African Resources plc (LON:PAF) has “Buy” rating given on Tuesday, December 1 by FinnCap. The firm has “Buy” rating given on Wednesday, September 16 by WH Ireland. The company was maintained on Wednesday, June 15 by FinnCap. The firm earned “Buy” rating on Wednesday, September 21 by Peel Hunt. HSBC maintained the shares of PAF in a report on Thursday, February 25 with “Buy” rating. The firm earned “Buy” rating on Tuesday, May 3 by Peel Hunt. Numis Securities maintained Pan African Resources plc (LON:PAF) on Tuesday, July 19 with “Buy” rating. The rating was maintained by HSBC with “Buy” on Friday, September 23. The firm has “Buy” rating given on Monday, March 21 by FinnCap.

More news for Pan African Resources plc (LON:PAF) were recently published by: Fool.Co.Uk, which released: “Can Royal Dutch Shell plc & Pan African Resources plc extend their 2016 gains?” on June 01, 2016. Fool.Co.Uk‘s article titled: “Do Price Falls Make Range Resources Ltd, Sound Oil plc And Pan African …” and published on June 09, 2015 is yet another important article.

Pan African Resources PLC is a South-Africa based gold mining and exploration Company. The company has a market cap of 440.63 million GBP. The Firm focuses on exploitation of high grade ore-bodies that yield high margins with a low cash cost base through experienced management teams. It has a 14.73 P/E ratio. The Company’s activities include Barberton, The Barberton Tailings Retreatment Project (BTRP), Evander Gold Mines and Phoenix Platinum Project.

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