Pan African Resources PLC (LON:PAF) Plans Dividend of GBX 0.96

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

Pan African Resources Stock Performance

Pan African Resources stock opened at GBX 35.90 ($0.45) on Tuesday. The firm’s fifty day moving average price is GBX 34.73 and its 200 day moving average price is GBX 29.89. Pan African Resources has a 12-month low of GBX 15 ($0.19) and a 12-month high of GBX 39.25 ($0.49). The company has a market capitalization of £689.28 million, a price-to-earnings ratio of 1,233.33, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The company has a debt-to-equity ratio of 36.10, a current ratio of 0.71 and a quick ratio of 0.74.

Wall Street Analyst Weigh In

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

About Pan African Resources

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.