Berenberg Bank Forecasts Strong Price Appreciation for Pan African Resources (LON:PAF) Stock

Pan African Resources (LON:PAF) had its price objective upped by analysts at Berenberg Bank from GBX 55 ($0.75) to GBX 71 ($0.97) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 44.90% from the company’s current price.

Pan African Resources Stock Up 4.0%

LON PAF opened at GBX 49 ($0.67) on Wednesday. The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.74 and a current ratio of 0.78. The company has a market capitalization of £1.07 billion, a P/E ratio of 23.14, a P/E/G ratio of 8.95 and a beta of 0.89. Pan African Resources has a one year low of GBX 26.10 ($0.36) and a one year high of GBX 50.80 ($0.69). The stock has a 50 day moving average price of GBX 46.72 and a 200-day moving average price of GBX 41.47.

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.