Pan African Resources’ (PAF) “Buy” Rating Reaffirmed at Numis Securities

Numis Securities reaffirmed their buy rating on shares of Pan African Resources (LON:PAF) in a research report sent to investors on Monday morning, Digital Look reports. The brokerage currently has a GBX 16 ($0.21) target price on the stock.

Separately, Peel Hunt increased their target price on shares of Pan African Resources from GBX 14 ($0.18) to GBX 16 ($0.21) and gave the stock a buy rating in a research report on Friday, January 25th.

Pan African Resources stock opened at GBX 9.35 ($0.12) on Monday. The company has a debt-to-equity ratio of 85.83, a quick ratio of 0.31 and a current ratio of 0.41. The firm has a market cap of $180.30 million and a price-to-earnings ratio of -1.95. Pan African Resources has a one year low of GBX 6.50 ($0.08) and a one year high of GBX 11 ($0.14).

About Pan African Resources

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.

See Also: Intrinsic Value

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