Pan African Resources plc 10.7% potential upside indicated by Canaccord Genuity

Pan African Resources plc with ticker (LON:PAF) now has a potential upside of 10.7% according to Canaccord Genuity.

PAF.L

Canaccord Genuity set a target price of 31 GBX for the company, which when compared to the Pan African Resources plc share price of 28 GBX at opening today (13/08/2024) indicates a potential upside of 10.7%. Trading has ranged between 12 (52 week low) and 30 (52 week high) with an average of 2,210,143 shares exchanging hands daily. The market capitalisation at the time of writing is £533,857,254.

Pan African Resources PLC is a United Kingdom-based gold producer. The Company’s principal activities include commodity mining and exploration activities. The Company owns and operates a portfolio of operations and projects which are located in South Africa. The Company’s segments include Barberton Mines, Evander Mines, and the MTR project. Barberton Mines includes the Barberton Tailings Retreatment Plant (BTRP) located in Barberton. The Evander Mines segment includes (the Elikhulu Tailings Retreatment Plant (Elikhulu), the underground 8 Shaft pillar, 24, 25 and 26 level project, Egoli project and surface sources) located in Evander. The MTR project segment includes the MTR project, which is located in Mogale district. It also includes a plant which is being constructed to process gold tailings deposits of Mogale Gold and Mintails SA Soweto Cluster (MSC). These segments are engaged in the mining, extraction, production and the sale of gold.