Peel Hunt reaffirmed their buy rating on shares of Pan African Resources (LON:PAF) in a research report released on Friday, ThisIsMoney.Co.Uk reports.
Separately, Numis Securities reaffirmed a buy rating on shares of Pan African Resources in a research report on Monday, June 3rd.
Pan African Resources stock opened at GBX 13.60 ($0.18) on Friday. Pan African Resources has a twelve month low of GBX 7.30 ($0.10) and a twelve month high of GBX 14.30 ($0.19). The stock has a 50 day moving average of GBX 11.97 and a two-hundred day moving average of GBX 10.21. The company has a current ratio of 0.41, a quick ratio of 0.31 and a debt-to-equity ratio of 85.83. The stock has a market capitalization of $262.25 million and a price-to-earnings ratio of -2.83.
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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