Pan African Resources (LON:PAF) Earns Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of Pan African Resources (LON:PAF) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reissued a buy rating and issued a GBX 16 ($0.21) price target on shares of Pan African Resources in a research note on Friday, January 24th.

PAF stock opened at GBX 12.60 ($0.17) on Thursday. The company has a market capitalization of $242.97 million and a P/E ratio of 6.30. The company has a 50-day simple moving average of GBX 11.98 and a 200 day simple moving average of GBX 11.80. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 72.86. Pan African Resources has a fifty-two week low of GBX 8.50 ($0.11) and a fifty-two week high of GBX 14.70 ($0.19).

Pan African Resources Company Profile

Pan African Resources PLC engages in the exploration of precious metals in South Africa. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company segments. The company primarily explores gold ores, platinum-group elements, and coal. Its principal property is the Barberton gold project that consists of three mines, including Fairview, New Consort, and Sheba located in the Mpumalanga Province.

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