The stock of Pan African Resources plc (LON:PAF) is a huge mover today! The stock decreased 0.66% or GBX 0.12 on November 29, hitting GBX 18.63. About 1.09 million shares traded hands. Pan African Resources plc (LON:PAF) has risen 29.31% since May 2, 2016 and is uptrending. It has outperformed by 24.05% the S&P500.
The move comes after 8 months positive chart setup for the GBX 366.82M company. It was reported on Nov, 29 by Barchart.com. We have GBX 20.12 PT which if reached, will make LON:PAF worth GBX 29.35 million 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 16 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Numis Securities maintained Pan African Resources plc (LON:PAF) on Friday, November 18 with “Buy” rating. Peel Hunt maintained the shares of PAF in a report on Wednesday, September 21 with “Buy” rating. The firm has “Buy” rating given on Wednesday, August 3 by Peel Hunt. The stock has “Buy” rating given by WH Ireland on Wednesday, September 16. The firm earned “Buy” rating on Thursday, September 22 by Numis Securities. The rating was maintained by Numis Securities with “Buy” on Tuesday, October 11. The firm has “Buy” rating given on Tuesday, December 1 by FinnCap. FinnCap maintained the stock with “Buy” rating in Monday, March 21 report. The stock has “Buy” rating given by Numis Securities on Wednesday, August 3. The stock has “Buy” rating given by HSBC on Friday, September 23.
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 366.82 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 13.22 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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