Pan African Resources PLC (LON:PAF – Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 135.54 and traded as low as GBX 104.88. Pan African Resources shares last traded at GBX 107.85, with a volume of 5,502,042 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank lowered their price objective on shares of Pan African Resources from GBX 165 to GBX 153 and set a “buy” rating on the stock in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Pan African Resources currently has a consensus rating of “Buy” and a consensus price target of GBX 156.50.
Read Our Latest Stock Report on PAF
Pan African Resources Stock Performance
Insider Activity
In other news, insider Keith Spencer sold 1,000,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of GBX 157, for a total value of £1,570,000. 2.10% of the stock is currently owned by insiders.
Pan African Resources Company Profile
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