Pan African Resources (LON:PAF) Reaches New 52-Week High - Should You Buy?

Pan African Resources PLC (LON:PAF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 37.95 ($0.49) and last traded at GBX 37.95 ($0.49), with a volume of 703212 shares. The stock had previously closed at GBX 37.65 ($0.49).

Analyst Ratings Changes

Several equities research analysts have recently commented on PAF shares. Canaccord Genuity Group restated a "buy" rating and set a GBX 35 ($0.45) price objective on shares of Pan African Resources in a report on Wednesday, September 11th. Berenberg Bank restated a "buy" rating and set a GBX 38 ($0.49) price target on shares of Pan African Resources in a research note on Wednesday, August 14th.

Pan African Resources Price Performance

The company has a debt-to-equity ratio of 36.10, a quick ratio of 0.74 and a current ratio of 0.71. The business has a 50 day simple moving average of GBX 32.01 and a 200-day simple moving average of GBX 27.86. The firm has a market cap of £723.84 million, a price-to-earnings ratio of 1,258.33, a P/E/G ratio of 8.95 and a beta of 0.89.

Pan African Resources Increases Dividend

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