Pan African Resources (LON:PAF) Shares Down 10.6% – Here’s What Happened

Pan African Resources PLC (LON:PAF)’s share price fell 10.6% during trading on Monday . The company traded as low as GBX 123.10 and last traded at GBX 123.10. 3,997,716 shares were traded during trading, a decline of 87% from the average session volume of 30,241,848 shares. The stock had previously closed at GBX 137.70.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PAF. Berenberg Bank lowered their price target on Pan African Resources from GBX 190 to GBX 181 and set a “buy” rating for the company in a report on Tuesday, March 10th. Canaccord Genuity Group boosted their price target on Pan African Resources from GBX 135 to GBX 160 and gave the stock a “buy” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pan African Resources currently has a consensus rating of “Buy” and a consensus price target of GBX 170.50.

Pan African Resources Price Performance

The company has a debt-to-equity ratio of 20.15, a quick ratio of 0.74 and a current ratio of 0.98. The company has a market cap of £2.50 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 8.95 and a beta of 0.78. The business has a fifty day moving average price of GBX 144.53 and a 200 day moving average price of GBX 134.69.

Insider Transactions at Pan African Resources

In other Pan African Resources news, insider Keith Spencer sold 1,000,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 157, for a total value of £1,570,000. 2.15% of the stock is currently owned by insiders.

Pan African Resources Company Profile