RE: 16.54p UT. What a joke!27 Nov 2023 22:40
Berenberg Bank reaffirmed their buy rating on shares of Pan African Resources (LON:PAF – Free Report) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage currently has a GBX 25 ($0.31) price target on the stock.
Pan African Resources Price Performance
PAF stock opened at GBX 16.44 ($0.21) on Wednesday. The stock has a market capitalization of £315.65 million, a PE ratio of 544.00, a price-to-earnings-growth ratio of 8.95 and a beta of 0.75. The company’s 50-day moving average is GBX 15.40 and its 200-day moving average is GBX 14.59. The company has a debt-to-equity ratio of 19.29, a current ratio of 0.79 and a quick ratio of 0.74. Pan African Resources has a 1 year low of GBX 11.73 ($0.15) and a 1 year high of GBX 20.90 ($0.26).
The business also recently disclosed a dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be given a dividend of GBX 0.75 ($0.01) per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 5.35%. Pan African Resources’s dividend payout ratio (DPR) is presently 3,333.33%.
Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company's flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.
https://www.defenseworld.net/2023/11/23/berenberg-bank-reaffirms-buy-rating-for-pan-african-resources-lonpaf.html