Pan African Resources (LON:PAF) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Pan African Resources PLC (LON:PAF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 133.91 and traded as low as GBX 88.20. Pan African Resources shares last traded at GBX 88.84, with a volume of 3,553,581 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on shares of Pan African Resources from GBX 165 to GBX 153 and set a “buy” rating on the stock in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pan African Resources currently has a consensus rating of “Buy” and a consensus price target of GBX 156.50.

Pan African Resources Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 19.51. The stock’s fifty day moving average is GBX 113.60 and its two-hundred day moving average is GBX 133.91. The firm has a market capitalization of £1.80 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 8.95 and a beta of 0.70.

Pan African Resources Company Profile