Pan African Resources (LON:PAF) Rating Reiterated by Canaccord Genuity Group

Pan African Resources (LON:PAF)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research report issued on Wednesday, Marketbeat.com reports. They presently have a GBX 35 ($0.46) target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 13.45% from the company’s current price.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 38 ($0.50) price objective on shares of Pan African Resources in a research report on Wednesday, August 14th.

Pan African Resources Price Performance

Shares of LON PAF opened at GBX 30.85 ($0.40) on Wednesday. Pan African Resources has a twelve month low of GBX 12.86 ($0.17) and a twelve month high of GBX 31.80 ($0.42). The firm has a market cap of £592.32 million, a P/E ratio of 1,028.33, a PEG ratio of 8.95 and a beta of 0.80. The company has a 50 day moving average of GBX 28.81 and a 200 day moving average of GBX 25.49. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 28.41.

Pan African Resources Company Profile

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company's flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.