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Pan African Resources plc 52.4% Potential Upside Indicated by finnCap

Pan African Resources plc using EPIC/TICKER code LON:PAF had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at finnCap. Pan African Resources plc are listed in the Basic Materials sector within AIM. finnCap have set a target price of 24 GBX on its stock. This now indicates the analyst believes there is a possible upside of 52.4% from the opening price of 15.75 GBX. Over the last 30 and 90 trading days the company share price has increased 1.66 points and decreased 4.75 points respectively.

 
Pan African Resources plc LON:PAF has a 50 day moving average of 17.69 GBX and the 200 Day Moving Average price is recorded at 18.87 GBX. The 1 year high for the stock price is 24.5 GBX while the 52 week low is 8.51 GBX. There are currently 1,944,035,284 shares in issue with the average daily volume traded being 2,754,699. Market capitalisation for LON:PAF is £311,045,645 GBP.

 

Pan African Resources plc is a precious metals producer engaged in mining. The Company operates through six segments: Barberton Mines, Evander Gold Mining Proprietary Limited and Evander Gold Mines Limited (collectively known as Evander Mines), Phoenix Platinum, Uitkomst Colliery, Corporate office and growth projects and Funding Company.

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