Pan African Resources (LON:PAF) Sets New 52-Week High – Here’s Why

Pan African Resources PLC (LON:PAFGet Free Report) shares hit a new 52-week high on Monday . The company traded as high as GBX 116.60 and last traded at GBX 115.60, with a volume of 13444631 shares. The stock had previously closed at GBX 112.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 112 target price on shares of Pan African Resources in a report on Thursday, November 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 112.

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Pan African Resources Trading Up 1.1%

The firm’s 50 day moving average price is GBX 97.37 and its 200-day moving average price is GBX 75.86. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74. The stock has a market cap of £2.48 billion, a P/E ratio of 17.11, a P/E/G ratio of 8.95 and a beta of 0.89.

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