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An update from Pan African Resources ( (GB:PAF) ) is now available.
Pan African Resources announced a share buyback transaction, purchasing 400,000 ordinary shares on the London Stock Exchange as part of its share buyback programme. The shares will be cancelled and delisted, reducing the total number of shares in issue, which may affect shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:PAF) stock is a Buy with a £0.35 price target. To see the full list of analyst forecasts on Pan African Resources stock, see the GB:PAF Stock Forecast page.
Spark’s Take on GB:PAF Stock
According to Spark, TipRanks’ AI Analyst, GB:PAF is a Neutral.
Pan African Resources demonstrates strong financial health and profitability, supported by positive corporate events like a share buyback and increased gold production. However, technical indicators point to short-term bearish trends, and the CEO’s significant share sale could affect investor confidence.
To see Spark’s full report on GB:PAF stock, click here.
More about Pan African Resources
Pan African Resources is a South African gold producer, primarily focused on the extraction and production of gold. The company is listed on the AIM market of the London Stock Exchange and the Johannesburg Stock Exchange, indicating its significant presence in both the UK and South African markets.
Average Trading Volume: 5,001,840
Technical Sentiment Signal: Buy
Current Market Cap: £953.8M
See more data about PAF stock on TipRanks’ Stock Analysis page.