Pan African Resources (LON:PAF) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Pan African Resources PLC (LON:PAF) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 119.76 and traded as high as GBX 121.50. Pan African Resources shares last traded at GBX 120.20, with a volume of 4,573,905 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PAF shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 155 target price on shares of Pan African Resources in a research note on Friday, August 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 153 price target on shares of Pan African Resources in a research note on Friday, September 11th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Pan African Resources presently has an average rating of “Buy” and an average price target of GBX 156.

Pan African Resources Trading Down 0.1%

The company has a market cap of £2.50 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 8.95 and a beta of 0.74. The company has a quick ratio of 0.74, a current ratio of 1.47 and a debt-to-equity ratio of 5.71. The business has a 50-day simple moving average of GBX 119.76 and a 200-day simple moving average of GBX 127.93.

Pan African Resources Company Profile