Pan African Resources (LON:PAF) Shares Cross Below Two Hundred Day Moving Average of $18.85

Shares of Pan African Resources PLC (LON:PAFGet Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 18.85 ($0.22) and traded as low as GBX 17.28 ($0.20). Pan African Resources shares last traded at GBX 17.72 ($0.21), with a volume of 3,405,953 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 27 ($0.32) price target on shares of Pan African Resources in a report on Thursday, October 6th.

Pan African Resources Price Performance

The stock has a fifty day moving average of GBX 17.30 and a two-hundred day moving average of GBX 18.85. The stock has a market capitalization of £339.60 million and a price-to-earnings ratio of 590.67. The company has a current ratio of 0.95, a quick ratio of 0.74 and a debt-to-equity ratio of 13.22.

Pan African Resources Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Thursday, December 1st will be given a GBX 0.90 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a yield of 4.87%. Pan African Resources’s payout ratio is 37.70%.

Pan African Resources Company Profile

(Get Rating)

Pan African Resources PLC engages in the mining, extraction, production, and the sale of gold in South Africa. The company's flagship projects include the Barberton gold project 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.

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