Pan African Resources (LON:PAF) Insider Cobus Loots Sells 200,000 Shares of Stock

Pan African Resources PLC (LON:PAF) insider Cobus Loots sold 200,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of GBX 87, for a total value of £174,000.

Pan African Resources Trading Down 3.4%

PAF opened at GBX 85.10 on Friday. The business has a fifty day moving average price of GBX 66.43 and a 200 day moving average price of GBX 52.78. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74. Pan African Resources PLC has a 12 month low of GBX 30.90 and a 12 month high of GBX 91.30. The stock has a market capitalization of £1.73 billion, a price-to-earnings ratio of 1,951.83, a PEG ratio of 8.95 and a beta of 0.89.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their target price on shares of Pan African Resources from GBX 71 to GBX 83 and gave the company a “buy” rating in a report on Friday, September 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 83.

About Pan African Resources

Pan African is an African-focused mid-tier gold producer, with annual production capacity of over 200,000 oz/year from long-life (+20 years) underground mines in the prolific Witwatersrand Basin and the Barberton Greenstone Belt, as well as from low-cost high-margin environmentally remediating surface remining operations.