Pan African Resources PLC (LON:PAF) “Buy” Rating Has Just Been Reiterated by Numis

August 17, 2018 - By Eula Gilbert

Pan African Resources PLC (LON:PAF) Rating Reaffirmed

In analysts note shared with investors on 17 August, Numis reaffirmed their “Buy” rating on Pan African Resources PLC (LON:PAF) shares.

Pan African Resources PLC (LON:PAF) Ratings Coverage

Among 2 analysts covering Pan African Resources (LON:PAF), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Pan African Resources has GBX 20 highest and GBX 16 lowest target. GBX 16’s average target is 119.18% above currents GBX 7.3 stock price. Pan African Resources had 7 analyst reports since March 6, 2018 according to SRatingsIntel. Numis Securities maintained the stock with “Buy” rating in Friday, July 13 report. The company was maintained on Thursday, May 3 by Numis Securities. Numis Securities maintained the stock with “Buy” rating in Tuesday, March 6 report.

The stock decreased 2.34% or GBX 0.17 during the last trading session, reaching GBX 7.3. About 205,429 shares traded. Pan African Resources PLC (LON:PAF) has 0.00% since August 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Pan African Resources PLC engages in the exploration of precious metals in South Africa. The company has market cap of 140.77 million GBP. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company divisions. It has a 18.25 P/E ratio. The firm primarily explores gold ores, platinum-group elements, and coal.

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