Pan African Resources PLC (LON:PAF) to Issue Dividend Increase – GBX 0.96 Per Share

Pan African Resources PLC (LON:PAF) announced a dividend on Wednesday, September 11th,Upcoming Dividends.Co.Uk reports. Shareholders 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 yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 28th. This is an increase from Pan African Resources’s previous dividend of $0.75. The official announcement can be seen at this link.

Pan African Resources Stock Performance

Shares of PAF stock opened at GBX 36.02 ($0.45) on Wednesday. The firm has a market capitalization of £691.60 million, a price-to-earnings ratio of 1,201.67, a PEG ratio of 8.95 and a beta of 0.89. The stock has a fifty day moving average of GBX 34.73 and a 200 day moving average of GBX 29.89. Pan African Resources has a 52 week low of GBX 15 ($0.19) and a 52 week high of GBX 39.25 ($0.49). The company has a quick ratio of 0.74, a current ratio of 0.71 and a debt-to-equity ratio of 36.10.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 38 ($0.48) target price on shares of Pan African Resources in a research report on Wednesday, August 14th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 35 ($0.44) price objective on shares of Pan African Resources in a report on Wednesday, September 11th.

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.