Pan African Resources PLC (LON:PAF) saw its stock price reach a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 37.95 ($0.49) and closed at GBX 37.95 ($0.49) with a trading volume of 703,212 shares. This marks an increase from the previous close at GBX 37.65 ($0.49).
Analysts have recently weighed in on Pan African Resources, with Canaccord Genuity Group reiterating a “buy” rating and setting a price target of GBX 35 ($0.45) on September 11th. Similarly, Berenberg Bank also reaffirmed a “buy” rating with a price target of GBX 38 ($0.49) on August 14th.
The company currently has a debt-to-equity ratio of 36.10, a quick ratio of 0.74, and a current ratio of 0.71. With a 50-day simple moving average of GBX 32.01 and a 200-day simple moving average of GBX 27.86, Pan African Resources has a market cap of £723.84 million, a price-to-earnings ratio of 1,258.33, and a beta of 0.89.
In terms of dividends, Pan African Resources recently announced an increased dividend to be paid on December 10th. Shareholders of record on November 28th will receive a dividend of GBX 0.96 ($0.01) per share. This represents a dividend yield of 3.22% and a payout ratio of 3,333.33%.
Pan African Resources PLC is involved in gold mining, extraction, production, and sales in South Africa. Its key projects include the Barberton Mines and the Elikhulu tailings retreatment plant in Southern Africa.
While Pan African Resources is currently rated as a “Buy” by analysts, it’s important to note that there are other stocks that are being recommended by top analysts. MarketBeat has identified five stocks that analysts are quietly suggesting to their clients as better buys than Pan African Resources. These stocks may offer greater potential for investors looking to diversify their portfolios.
Investors should carefully consider their investment decisions and conduct thorough research before investing in any particular stock, including Pan African Resources. It’s always advisable to seek advice from financial experts and consider all available information before making investment choices.