Peel Hunt Reiterates “Buy” Rating for Pan African Resources (PAF)

Peel Hunt reiterated their buy rating on shares of Pan African Resources (LON:PAF) in a research note released on Friday. They currently have a GBX 14 ($0.18) target price on the stock.

Several other equities analysts have also weighed in on the company. Numis Securities restated a buy rating on shares of Pan African Resources in a research note on Thursday, September 20th. Shore Capital restated a not rated rating on shares of Pan African Resources in a research note on Thursday, September 6th.

Shares of Pan African Resources stock traded up GBX 0.35 ($0.00) on Friday, hitting GBX 8.50 ($0.11). The company’s stock had a trading volume of 1,851,036 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).

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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