Pan African Resources (LON:PAF) Price Target Increased to GBX 16.50 by Analysts at Peel Hunt

Pan African Resources (LON:PAF) had its target price upped by Peel Hunt from GBX 15.50 ($0.20) to GBX 16.50 ($0.22) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Separately, Numis Securities reissued a buy rating and set a GBX 1,800 ($23.52) target price on shares of in a research note on Monday, June 3rd.

Pan African Resources stock opened at GBX 10.92 ($0.14) on Wednesday. The company has a debt-to-equity ratio of 85.83, a current ratio of 0.41 and a quick ratio of 0.31. The firm’s 50-day moving average price is GBX 10.19. The firm has a market cap of $210.57 million and a price-to-earnings ratio of -2.28. Pan African Resources has a 52-week low of GBX 7.02 ($0.09) and a 52-week high of GBX 11.50 ($0.15).

About Pan African Resources

Pan African Resources PLC engages in the exploration of precious metals in South Africa. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company segments. The company primarily explores gold ores, platinum-group elements, and coal. Its principal property is the Barberton gold project that consists of three mines, including Fairview, New Consort, and Sheba located in the Mpumalanga Province.

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