Pan African Resources plc 65.6% potential upside indicated by Berenberg Bank

Pan African Resources plc with ticker (LON:PAF) now has a potential upside of 65.6% according to Berenberg Bank.



Berenberg Bank set a target price of 25 GBX for the company, which when compared to the Pan African Resources plc share price of 15 GBX at opening today (29/09/2023) indicates a potential upside of 65.6%. Trading has ranged between 12 (52 week low) and 21 (52 week high) with an average of 1,888,311 shares exchanging hands daily. The market capitalisation at the time of writing is £281,891,627.

Pan African Resources PLC is a United Kingdom-based gold producer. The Company segments include the Barberton mines (including the Barberton Tailings Retreatment Plant (BTRP)) located in Barberton, its mines include the Fairview, Consort and Sheba mines; Evander Mines (the Elikhulu Tailings Retreatment Plant (Elikhulu), the underground eight Shaft pillar, 24, 25 and 26 Level project, Egoli project and surface sources) located in Evander; Solar projects consists of the photovoltaic (PV) renewable energy plant located at Evander Mines, the planned development of a solar PV renewable energy plant at Barberton Mines and the extension of Evander Mines’ solar PV renewable energy plant; Mintails project consists of the tailings retreatment plant to be constructed, Mogale Gold and Mintails SA Soweto Cluster Proprietary Limited (MSC); Exploration assets consist of five prospecting concessions in north-eastern Sudan; Agricultural ESG projects comprise the Group’s Barberton Blueberries project.