Pan African Resources (PAF) Receives “not rated” Rating from Shore Capital

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Shore Capital reaffirmed their not rated rating on shares of Pan African Resources (LON:PAF) in a report published on Thursday morning.

Other equities analysts have also recently issued research reports about the stock. Numis Securities reaffirmed a buy rating on shares of Pan African Resources in a research report on Friday, July 13th. Peel Hunt reaffirmed an under review rating on shares of Pan African Resources in a research report on Thursday, August 16th. Four research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus price target of GBX 18 ($0.23).

Shares of PAF stock traded up GBX 0.62 ($0.01) during trading hours on Thursday, hitting GBX 8.43 ($0.11). 1,047,568 shares of the company were exchanged, compared to its average volume of 3,010,000. Pan African Resources has a one year low of GBX 6.60 ($0.09) and a one year high of GBX 17.25 ($0.22).

Pan African Resources Company Profile

Pan African Resources PLC engages in the exploration of precious metals in South Africa. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company segments. The company primarily explores gold ores, platinum-group elements, and coal. Its principal property is the Barberton gold project that consists of three mines, including Fairview, New Consort, and Sheba located in the Mpumalanga Province; and the Evander Mine located in Evander, South Africa.

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