Pan African Resources (LON:PAF) Earns Buy Rating from Berenberg Bank

Pan African Resources (LON:PAF)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 112 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 12.00% from the stock’s current price.

Pan African Resources Stock Performance

PAF opened at GBX 100 on Thursday. The stock’s 50 day simple moving average is GBX 90.23 and its 200-day simple moving average is GBX 67.86. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 35.80. The stock has a market cap of £2.03 billion, a PE ratio of 13.97, a P/E/G ratio of 8.95 and a beta of 0.89. Pan African Resources has a 1 year low of GBX 33 and a 1 year high of GBX 101.60.

Insider Activity

In other news, insider Cobus Loots sold 200,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of GBX 87, for a total transaction of £174,000. Corporate insiders own 2.15% of the company’s stock.

Pan African Resources Company Profile

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.