Pan African Resources (OTCMKTS:PAFRF) Given New GBX 32 Price Target at Berenberg Bank

Pan African Resources (OTCMKTS:PAFRF – Get Rating) had its price objective increased by Berenberg Bank from GBX 27 ($0.33) to GBX 32 ($0.40) in a report issued on Monday, The Fly reports.

Pan African Resources Stock Performance

Shares of Pan African Resources stock opened at $0.22 on Monday. Pan African Resources has a 12-month low of $0.17 and a 12-month high of $0.32. The firm’s 50 day simple moving average is $0.21 and its two-hundred day simple moving average is $0.22.

Pan African Resources Company Profile

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Pan African Resources PLC engages in the mining, extraction, production, and the sale of gold in South Africa. The company's flagship projects include the Barberton gold project 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.