Share Name Share Symbol Market Type Share ISIN Share Description
Pan African Resources Plc LSE:PAF London Ordinary Share GB0004300496 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  1.30 7.96% 17.64 3,631,551 16:35:12
Bid Price Offer Price High Price Low Price Open Price
17.04 17.64 18.04 16.40 16.48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 221.29 42.14 1.86 10.7 394
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:12 UT 38,146 17.64 GBX

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Pan African Resources Daily Update: Pan African Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker PAF. The last closing price for Pan African Resources was 16.34p.
Pan African Resources Plc has a 4 week average price of 15.62p and a 12 week average price of 15.62p.
The 1 year high share price is 27.70p while the 1 year low share price is currently 15.25p.
There are currently 2,234,687,537 shares in issue and the average daily traded volume is 1,561,416 shares. The market capitalisation of Pan African Resources Plc is £394,198,881.53.
hjs: Cinoib Problems in SA is causing the issues in the gold sector for companies operating in SA. Although the problems are in Durban, I do not understand why PAF is down. I read that the supply chain has been impacted and transportation roads are blocked. Employees can not go to work! This is the general story in SA news. Currently for PAF, gold price up or down has been ignored and only the riots in Durban is taken into consideration. PAF share price will go up once the there is control in Durban.
hjs: Excellent RNS. However the share price is slightly down as 2022 production numbers are similar to 2021. PAF has always come out with very prudent numbers so as the year progresses, they will up the production numbers. Riots in SA does not help. As I have said earlier, SA GOLD producing companies trade at a discount to allow for "risk". The current riots has increased the risk further. Once it settles and broker notes come out, PAF will move higher.
hjs: IMHO, there is some form of manipulation taking place in PAF share price. When a share is traded in London, SA and US, there is this possibility in my view. Fundamentals are strong, almost no debt and gold price has picked up but instead share price drops which makes no sense to me. I know SA operation companies are trading at a discount but in PAF's case it is not justifiable to trade at a big discount. Something is not right here.
stonedyou: LAWRIE WILLIAMS: Revised gold, silver and pgm price forecasts for end-2021. Back in December last year, just before Christmas, we were brave enough – some would say foolish enough! - to publish our precious metals price predictions of for both June 30th and for the end of 2021 (see A $2,200 plus gold price this time next year? Christmas cheer for gold and silver). At the time we noted that price forecasting was an invidious exercise, and the ensuing few months have demonstrated that this is certainly the case and most of the precious metals, with the exception of palladium, have strongly underperformed our prediction for H1 2021. It’s not that we feel our predicted price forecasts for the year-end are unattainable – six months is a long time in market terms and prices could move sharply in response to geopolitical and geo-economic events occurring between now and the year-end. However, price movements in the interim, coupled with the rather unpredictable impact of inflation on the markets as the world begins to unwind from the effects of the COVID-19 virus pandemic – have caused us to reconsider our year-end estimates. The weak performance of gold, silver and platinum prices so far, in comparison with our December predictions, has prompted a downgrading of our price forecasts for these three precious metals, and an upgrading of that for palladium for which we were almost certainly unduly pessimistic. Our revised price forecasts are set out in the table below: Table. Predictions for precious metals prices H2 2021 (US $s). PRECIOUS METAL ACTUAL PRICE JUNE 30 2021 LW ORIGINAL YEAR-END 2021 PRICE PREDICTIONS LW YEAR-END 2021 REVISED PRICE PREDICTIONS Gold $1,770 $2,225 $1,975 Silver $26.12 $32.25 $29.50 Platinum $1,064 $1,285 $1,250 Palladium $2,709 $2,175 $2,650 Gold We remain bullish on gold, but perhaps not quite so much as we were back in December given the yellow metal’s below par performance in H1. There do, however, seem to be a number of positives relating to global gold demand. These include not least a seeming new interest in gold from some central banks. For example Hungary added some 63 tonnes to its gold reserves in March and Thailand 90 tonnes over April and May. Whether this continues in the second half of the year remains to be seen given that neither of the two global gold reserve adders of the past couple of years, China and Russia, both appear to have withdrawn from making further additions. In Russia’s case this appears to have been prompted by the big fall in oil and gas prices – previously the nation’s principal export earner, which had put a big dent in the nation’s balance of payments current account. This has been countered by Russia’s gold miners now selling their output on international markets and generating huge export income by so doing (Russia is reckoned to be the world’s second largest gold producer, after China, so gold availability to boost export earnings is massive. As for China, although the country ceased reporting any gold reserve increases a couple of years ago, the country’s dealings in the global gold market, based on recent history, remain obscure and steeped in secrecy. Many analysts believe the level of China’s gold reserves may be very substantially higher than the 1,948 tonnes reported to the IMF. ETF flows appear to have stabilised. H2 2020 and Q1 2021 saw big gold outflows from the gold-backed ETF sector, but this seems to have died down in Q2 with gold withdrawals mostly matched with gold deposits for now. Regarding global demand in general, the two leading consuming nations, China and India, seemed to have been seeing a demand pick up in the first half of the year, but this seems to have tailed off in India as the COVID pandemic showed increasing infection rates, although one should recognise in this respect. Even so this almost certainly still represents an overall increase on 2020. In the U.S., where the global gold price is most heavily influenced, the Federal Reserve at recent FOMC meetings has intimated it is unlikely to raise interest rates before mid-2022, if then, despite rising inflation. This combination means net real rates are likely to remain heavily negative, and gold tends to thrive in a negative interest rate scenario. Market expectations have, however, led to dollar strength - which tends to equate to gold price weakness, but we do not anticipate this continuing for the remainder of the year, and we do foresee the dollar resuming its downward path before the year end.
risa5: Berenberg Bank Initiates Coverage on Pan African Resources (LON:PAF) Posted by ABMN Staff on May 27th, 2021 Stock analysts at Berenberg Bank started coverage on shares of Pan African Resources (LON:PAF) in a note issued to investors on Wednesday, reports. The brokerage set a “buy” rating and a GBX 27 ($0.35) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 26.48% from the company’s current price. Shares of PAF stock opened at GBX 21.35 ($0.28) on Wednesday. The firm has a fifty day moving average of GBX 18.39 and a 200-day moving average of GBX 20.40. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 38.05. Pan African Resources has a 12-month low of GBX 14.30 ($0.19) and a 12-month high of GBX 28.15 ($0.37). The company has a market capitalization of £411.64 million and a price-to-earnings ratio of 9.24. Https://
hjs: A very good operational update from Paf, production up 3% from previous guidance, costs under control, gold price up, new projects under control and very well managed, solar power project on track. Despite all this good news, share price has barely moved. As mentioned earlier, for some reason, SA gold mining shares always trades at a discount, Paf is trading at a much higher discount IMO, and it will catch up after some broker notes over the week end. I am already invested in Paf.
jimbomorry: All this positivity for gold not presently doing wonders for PAF share price. Maybe a slow burner.
hjs: Risa5 All South African gold mining co's are trading at a discount compared to the other World Gold producing co's. Paf is trading at a bigger discount and hopefully this week the trading update will be positive to push the share price over 21. Mention of debt and dividend upgrade will bring in new investors and push the share price north.
hjs: John- As it is annoying to see the PAF share price stuck at 17 for a while when the gold price has been ticking up. As Risa says, there could be a big seller in the background or there is some pending news! There could also be some sort of MM manipulation to accommodate a big purchase or sell of shares.
risa5: 2 strong growth stocks with falling share prices Andy Ross | Sunday, 18th April, 2021 | More on: FDP PAF One of the ways I’d look to outperform the market is by picking up growth stocks with good long-term prospects at a reasonable price, or trading more cheaply then was the case in the past. Here I look at two UK-listed shares that could see serious share price appreciation in the coming year and beyond. A mining growth stock The first is South African gold miner Pan African Resources (LSE: PAF). Over six months, its share price is down around 22%. However, on a 12-month view, the shares are up more like 40%. I like that Pan African Resources is an established miner, which for me makes it a bit less risky than other listed natural resources explorers and miners. The miner pays a dividend and has debt under control, which I see as positives. It was hit by the pandemic, so in that light, the performance has been good. The management has said it’s on track to deliver on its full-year production guidance of around 190,000 ounces of gold. On the downside, it’s always at the mercy of the gold price, which is clearly beyond its control. It also could face taxes from the South African government. There might be particular pressure on mines following the economic impact of the pandemic. I’d like to see the share return to over 24p per share this year. The shares currently change hands at around 17p to 18p. The 12-month high, useful as a reference, is 28p. A rise in the gold price or inflation concerns could both be realistic triggers for this happening. For me, it’s a growth stock I’ll be keeping an eye on for my portfolio.
Pan African Resources share price data is direct from the London Stock Exchange
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