Pan African Resources PLC (PAF) To Go Ex-Dividend on November 28th

Pan African Resources PLC (LON:PAF) declared a dividend on Wednesday, September 11th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 28th will be paid a dividend of GBX 0.96 ($0.01) per share on Tuesday, December 10th. This represents a yield of 3.22%. The ex-dividend date is Thursday, November 28th. This is a positive change from Pan African Resources’s previous dividend of $0.75. The official announcement can be accessed at this link.

Pan African Resources Stock Down 3.0 %

Pan African Resources stock opened at GBX 35.90 ($0.45) on Tuesday. Pan African Resources has a fifty-two week low of GBX 15 ($0.19) and a fifty-two week high of GBX 39.25 ($0.49). The company has a debt-to-equity ratio of 36.10, a quick ratio of 0.74 and a current ratio of 0.71. The company has a market cap of £689.28 million, a PE ratio of 1,233.33, a PEG ratio of 8.95 and a beta of 0.89. The business’s 50-day simple moving average is GBX 34.73 and its two-hundred day simple moving average is GBX 29.89.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PAF. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 38 ($0.48) price target on shares of Pan African Resources in a research note on Wednesday, August 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 35 ($0.44) price target on shares of Pan African Resources in a research report on Wednesday, September 11th.

Pan African Resources Company Profile

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.