Pan African Resources (LON:PAF) Sets New 12-Month High - What's Next?

Pan African Resources PLC (LON:PAF - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 34.30 ($0.46) and last traded at GBX 33.65 ($0.45), with a volume of 699644 shares. The stock had previously closed at GBX 33.60 ($0.45).

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Berenberg Bank reissued a "buy" rating and issued a GBX 38 ($0.51) price objective on shares of Pan African Resources in a research report on Wednesday, August 14th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 35 ($0.47) price target on shares of Pan African Resources in a research note on Wednesday, September 11th.

Pan African Resources Price Performance

The stock has a market capitalization of £648 million, a price-to-earnings ratio of 1,123.33, a P/E/G ratio of 8.95 and a beta of 0.89. The company has a quick ratio of 0.74, a current ratio of 0.71 and a debt-to-equity ratio of 36.10. The stock has a fifty day moving average of GBX 30.42 and a 200-day moving average of GBX 26.71.

Pan African Resources Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 28th will be given a GBX 0.96 ($0.01) dividend. The ex-dividend date is Thursday, November 28th. This is a boost from Pan African Resources's previous dividend of $0.75. This represents a yield of 3.22%. Pan African Resources's payout ratio is 3,333.33%.

Pan African Resources Company Profile

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company's flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.