Numis Securities Reaffirms Buy Rating for Pan African Resources (PAF)
Pan African Resources (LON:PAF)‘s stock had its “buy” rating restated by stock analysts at Numis Securities in a report released on Thursday, September 20th.
Several other equities research analysts also recently commented on the stock. Peel Hunt reissued a “buy” rating and set a GBX 16 ($0.21) target price on shares of Pan African Resources in a research report on Friday, September 7th. Shore Capital reissued a “not rated” rating on shares of Pan African Resources in a research report on Thursday, September 6th.
PAF stock traded down GBX 0.06 ($0.00) during midday trading on Thursday, hitting GBX 8.18 ($0.11). The stock had a trading volume of 641,083 shares, compared to its average volume of 3,010,000. Pan African Resources has a 1-year low of GBX 6.60 ($0.09) and a 1-year high of GBX 17.25 ($0.23).
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; and the Evander Mine located in Evander, South Africa.
Read More: Diversification
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