Pan African Resources (AIM:PAF) - Stock Price, News & Analysis

PAF Stock Overview

Engages in the mining, extraction, production, and sale of gold in South Africa.

PAF fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	6/6
Financial Health	5/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (9.7x) is below the UK market (16.6x)

Earnings are forecast to grow 29.97% per year

Earnings grew by 28.4% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 2.48% is not well covered by free cash flows

Significant insider selling over the past 3 months

Pan African Resources PLC Competitors

Hochschild Mining

LSE:HOC

UK£827.2m

Centamin

LSE:CEY

UK£1.4b

Shanta Gold

AIM:SHG

UK£180.3m

Serabi Gold

AIM:SRB

UK£54.5m

Price History & Performance

Summary of all time highs, changes and price drops for Pan African Resources
Historical stock prices
Current Share Price	UK£0.29
52 Week High	UK£0.32
52 Week Low	UK£0.13
Beta	0.89
11 Month Change	2.85%
3 Month Change	22.51%
1 Year Change	105.78%
33 Year Change	81.68%
5 Year Change	130.80%
Change since IPO	724.29%

Recent updates

Pan African Resources (LON:PAF) Could Become A Multi-Bagger

Sep 09

Pan African Resources PLC's (LON:PAF) Subdued P/E Might Signal An Opportunity

Jun 19

Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Apr 30

Pan African Resources PLC (LON:PAF) Could Be Riskier Than It Looks

Mar 07

Pan African Resources (LON:PAF) Takes On Some Risk With Its Use Of Debt

Sep 20

Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

May 05

Pan African Resources (LON:PAF) Has Announced A Dividend Of $0.0087

Dec 01

Is Pan African Resources (LON:PAF) Using Too Much Debt?

Jun 01

Pan African Resources PLC's (LON:PAF) Intrinsic Value Is Potentially 52% Above Its Share Price

Apr 05

Does Pan African Resources (LON:PAF) Deserve A Spot On Your Watchlist?

Dec 08

We Take A Look At Why Pan African Resources PLC's (LON:PAF) CEO Compensation Is Well Earned

Nov 17

A Look At The Fair Value Of Pan African Resources PLC (LON:PAF)

Sep 02

Investors Should Be Encouraged By Pan African Resources' (LON:PAF) Returns On Capital

Jun 01

I Ran A Stock Scan For Earnings Growth And Pan African Resources (LON:PAF) Passed With Ease

Mar 10

Is Pan African Resources (LON:PAF) A Risky Investment?

Feb 25

The Trend Of High Returns At Pan African Resources (LON:PAF) Has Us Very Interested

Feb 13

Is Pan African Resources PLC's(LON:PAF) Recent Stock Performance Tethered To Its Strong Fundamentals?

Jan 29

Do Institutions Own Pan African Resources PLC (LON:PAF) Shares?

Jan 14

Read This Before Selling Pan African Resources PLC (LON:PAF) Shares

Dec 15

Key Things To Understand About Pan African Resources' (LON:PAF) CEO Pay Cheque

Nov 30

Shareholder Returns

	PAF	GB Metals and Mining	GB Market
7D	-6.6%	-6.5%	-2.3%
1Y	105.8%	-8.5%	7.4%

Return vs Industry: PAF exceeded the UK Metals and Mining industry which returned -8.5% over the past year.

Return vs Market: PAF exceeded the UK Market which returned 7.4% over the past year.

Price Volatility

Is PAF's price volatile compared to industry and market?
PAF volatility
PAF Average Weekly Movement	5.4%
Metals and Mining Industry Average Movement	6.9%
Market Average Movement	4.6%
10% most volatile stocks in GB Market	9.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: PAF has not had significant price volatility in the past 3 months.

Volatility Over Time: PAF's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	2,469	Cobus Loots	www.panafricanresources.com

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. Pan African Resources PLC is headquartered in Johannesburg, South Africa.

Pan African Resources PLC Fundamentals Summary

How do Pan African Resources's earnings and revenue compare to its market cap?
PAF fundamental statistics
Market cap	UK£552.91m
Earnings (TTM)	UK£56.84m
Revenue (TTM)	UK£273.40m

9.7x

P/E Ratio

2.0x

P/S Ratio

Is PAF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PAF income statement (TTM)
Revenue	US$359.06m
Cost of Revenue	US$231.58m
Gross Profit	US$127.48m
Other Expenses	US$52.83m
Earnings	US$74.65m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Sep 11, 2024

Earnings per share (EPS)	0.039
Gross Margin	35.50%
Net Profit Margin	20.79%
Debt/Equity Ratio	27.4%

How did PAF perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

25%

Payout Ratio

PAF Stock Overview

Rewards

Risk Analysis

Pan African Resources PLC Competitors

LSE:HOC

UK£827.2m

LSE:CEY

UK£1.4b

AIM:SHG

UK£180.3m

AIM:SRB

UK£54.5m

Price History & Performance

Recent News & Updates

Pan African Resources (LON:PAF) Could Become A Multi-Bagger

Pan African Resources PLC Provides Earnings Guidance for the Financial Year Ended 30 June 2024

Price target increased by 12% to UK£0.32

Pan African Resources PLC's (LON:PAF) Subdued P/E Might Signal An Opportunity

Pan African Resources plc Revised Production Guidance for the Year Ending 30 June 2024 and Provides Production Guidance for 2025

Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Recent updates

Pan African Resources (LON:PAF) Could Become A Multi-Bagger

Pan African Resources PLC Provides Earnings Guidance for the Financial Year Ended 30 June 2024

Price target increased by 12% to UK£0.32

Pan African Resources PLC's (LON:PAF) Subdued P/E Might Signal An Opportunity

Pan African Resources plc Revised Production Guidance for the Year Ending 30 June 2024 and Provides Production Guidance for 2025

Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Price target increased by 8.6% to UK£0.28

Price target increased by 8.2% to UK£0.26

Pan African Resources PLC, Annual General Meeting, Nov 21, 2024

Price target increased by 8.6% to UK£0.25

Pan African Resources PLC (LON:PAF) Could Be Riskier Than It Looks

Price target increased by 8.1% to UK£0.24

Pan African Resources plc Provides Earnings Guidance for the Six Months Ended December 31, 2023

Pan African Resources plc Provides Production Guidance for the Full Year 2024 and 2025

New minor risk - Share price stability

Price target decreased by 10% to UK£0.21

Pan African Resources PLC Approves Final Dividend for the Year Ended 30 June 2023, Payable on 12 December 2023

Pan African Resources PLC Provides Production Guidance for the First Half Year Ending 31 December 2023 and Revises Production Guidance for the Full Year of Fiscal Year 2024

Pan African Resources (LON:PAF) Takes On Some Risk With Its Use Of Debt

Pan African Resources PLC to Report First Half, 2024 Results on Feb 14, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Pan African Resources PLC Proposes Final Dividend for the Year Ended 30 June 2023, Payable on 12 December 2023

Pan African Resources plc Provides Operational Update for the Year Ended 30 June 2023

Consensus EPS estimates fall by 11%

Price target decreased by 7.7% to UK£0.24

Financial Director & Executive Director recently bought UK£3.1m worth of stock

Pan African Resources PLC Provides Production Guidance for the Fiscal Year Ending June 30, 2023 and for the Fiscal Year Ending June 30, 2024

Now 21% undervalued

Does Pan African Resources (LON:PAF) Have A Healthy Balance Sheet?

Consensus EPS estimates increase by 41%

First half 2023 earnings released: EPS: US$0.015 (vs US$0.024 in 1H 2022)

Consensus EPS estimates fall by 29%

Consensus EPS estimates fall by 29%

Pan African Resources PLC Provides Earnings Guidance for the Six Months Ended December 31, 2022

Pan African Resources PLC Provides Production Guidance for the Six Months Ending June 2023 and for the Full Year of 2023

Pan African Resources PLC to Report First Half, 2023 Results on Feb 15, 2023

Consensus EPS estimates fall by 11%

Price target decreased to UK£0.24

Pan African Resources (LON:PAF) Has Announced A Dividend Of $0.0087

Pan African Resources Approves Final Dividend for 2022

Upcoming dividend of R0.18 per share

Insufficient new directors

Pan African Resources PLC (AIM:PAF) completed the acquisition of Mintails SA Soweto Cluster Proprietary Limited from Mintails Mining Sa (Pty) Ltd.

Price target decreased to UK£0.27

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Pan African Resources PLC Proposes Final Dividend for the Financial Year 2022

Insufficient new directors

Consensus EPS estimates increase by 14%

Pan African Resources PLC Provides Production Guidance for the Fiscal Year 2023

Is Pan African Resources (LON:PAF) Using Too Much Debt?

Pan African Resources PLC Explores Extensions of Ore Bodies At Barberton Mines with Recently Completed Underground Drilling Programme

Pan African Resources PLC's (LON:PAF) Intrinsic Value Is Potentially 52% Above Its Share Price

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Pan African Resources plc Provides Production Guidance for the Full Year 2022

Pan African Resources PLC to Report Fiscal Year 2022 Results on Sep 14, 2022

Pan African Resources PLC (AIM:PAF) agreed to acquire Blyvoor Gold Operations Pty Ltd from Blyvoor Gold (Pty) Ltd for ZAR 110 million.

Does Pan African Resources (LON:PAF) Deserve A Spot On Your Watchlist?

Upcoming dividend of R0.18 per share

We Take A Look At Why Pan African Resources PLC's (LON:PAF) CEO Compensation Is Well Earned