Pan African Resources (LON:PAF) Shares Up 9.9% – What’s Next?

Pan African Resources PLC (LON:PAFGet Free Report) was up 9.9% during mid-day trading on Wednesday . The company traded as high as GBX 160.40 and last traded at GBX 160.20. Approximately 8,635,302 shares traded hands during trading, a decline of 62% from the average daily volume of 23,019,322 shares. The stock had previously closed at GBX 145.80.

Key Headlines Impacting Pan African Resources

Here are the key news stories impacting Pan African Resources this week:

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PAF shares. Berenberg Bank reissued a “buy” rating and issued a GBX 154 price objective on shares of Pan African Resources in a research note on Monday, February 9th. Canaccord Genuity Group increased their price target on Pan African Resources from GBX 135 to GBX 160 and gave the company a “buy” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 157.

Read Our Latest Stock Analysis on Pan African Resources

Pan African Resources Stock Up 9.9%

The stock has a fifty day moving average of GBX 128.71 and a 200 day moving average of GBX 99.13. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74. The firm has a market capitalization of £3.25 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89.

Pan African Resources Company Profile

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