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

Pan African Resources PLC (LON:PAF - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 39.90 ($0.51) and last traded at GBX 39.35 ($0.50), with a volume of 5744646 shares traded. The stock had previously closed at GBX 38.40 ($0.49).

Analysts Set New Price Targets

A number of research firms recently weighed in on PAF. Berenberg Bank restated a "buy" rating and issued a GBX 38 ($0.48) price target on shares of Pan African Resources in a research note on Wednesday, August 14th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 35 ($0.45) price target on shares of Pan African Resources in a research note on Wednesday, September 11th.

Pan African Resources Stock Performance

The stock's 50-day moving average price is GBX 35.53 and its 200-day moving average price is GBX 30.76. The company has a market capitalization of £719.04 million, a price-to-earnings ratio of 1,318.33, a P/E/G ratio of 8.95 and a beta of 0.89. The company has a debt-to-equity ratio of 36.10, a quick ratio of 0.74 and a current ratio of 0.71.

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.