Pan African Resources PLC (LON:PAF – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 115.60 and last traded at GBX 112.80, with a volume of 5563229 shares changing hands. The stock had previously closed at GBX 112.88.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 112 target price on shares of Pan African Resources in a research report on Thursday, November 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 112.
Read Our Latest Analysis on PAF
Pan African Resources Stock Up 1.3%
Insiders Place Their Bets
In other Pan African Resources news, insider Cobus Loots sold 200,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of GBX 87, for a total transaction of £174,000. 2.15% of the stock is currently owned by company insiders.
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.
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