Shares of Pan African Resources PLC (LON:PAF - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 39 ($0.49) and last traded at GBX 38.85 ($0.49), with a volume of 1844446 shares trading hands. The stock had previously closed at GBX 36.35 ($0.46).
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on PAF. Berenberg Bank restated a "buy" rating and issued a GBX 38 ($0.48) target price on shares of Pan African Resources in a research note on Wednesday, August 14th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 35 ($0.44) target price on shares of Pan African Resources in a report on Wednesday, September 11th.
Check Out Our Latest Stock Report on Pan African Resources
Pan African Resources Stock Performance
The company has a market capitalization of £697.92 million, a P/E ratio of 1,211.67, a P/E/G ratio of 8.95 and a beta of 0.89. The stock's 50 day moving average is GBX 34.46 and its 200-day moving average is GBX 29.70. The company has a debt-to-equity ratio of 36.10, a current ratio of 0.71 and a quick ratio of 0.74.
Pan African Resources Increases Dividend
The company also recently declared a dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 28th will be issued 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 dividend payout ratio is presently 3,333.33%.
About Pan African Resources
(
Get Free Report)
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.
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