What’s Pan African Resources plc Downside After Today’s Huge Decline?

 What's Pan African Resources plc Downside After Today's Huge Decline?

The stock of Pan African Resources plc (LON:PAF) is a huge mover today! The stock increased 2.82% or GBX 0.5 on November 24, hitting GBX 18.25. About 3.56M shares traded hands or 47.72% up from the average. Pan African Resources plc (LON:PAF) has risen 18.33% since April 27, 2016 and is uptrending. It has outperformed by 12.92% the S&P500.
The move comes after 5 months negative chart setup for the GBX 356.99M company. It was reported on Nov, 24 by Barchart.com. We have GBX 16.79 PT which if reached, will make LON:PAF worth GBX 28.56 million less.

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 16 analyst reports since September 16, 2015 according to StockzIntelligence Inc. WH Ireland upgraded Pan African Resources plc (LON:PAF) rating on Wednesday, September 16. WH Ireland has “Buy” rating and GBX 12 price target. FinnCap maintained the stock with “Buy” rating in Tuesday, December 1 report. HSBC maintained it with “Buy” rating and GBX 16 target price in Thursday, February 25 report. The stock of Pan African Resources plc (LON:PAF) earned “Buy” rating by FinnCap on Monday, March 21. Peel Hunt maintained the shares of PAF in a report on Tuesday, May 3 with “Buy” rating. The firm has “Buy” rating by Numis Securities given on Thursday, September 22. The stock of Pan African Resources plc (LON:PAF) has “Buy” rating given on Wednesday, August 3 by Numis Securities. The company was maintained on Tuesday, October 11 by Numis Securities. The stock has “Hold” rating given by FinnCap on Wednesday, June 15. The firm has “Buy” rating by Numis Securities given on Friday, November 18.

Another recent and important Pan African Resources plc (LON:PAF) news was published by Fool.Co.Uk which published an article titled: “Can Royal Dutch Shell plc & Pan African Resources plc extend their 2016 gains?” on June 01, 2016.

Pan African Resources PLC is a South-Africa based gold mining and exploration Company. The company has a market cap of 356.99 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 12.95 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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