Pan African Resources (JSE:PAN) - Stock Price, News & Analysis

PAN Stock Overview

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa.

PAN fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	6/6
Financial Health	5/6
Dividends	1/6

Rewards

Trading at 74.1% below our estimate of its fair value

Earnings are forecast to grow 30.25% per year

Earnings grew by 28.4% over the past year

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for PAN from our risk checks.

Pan African Resources PLC Competitors

Harmony Gold Mining

JSE:HAR

R105.8b

Gold Fields

JSE:GFI

R293.0b

Tharisa

JSE:THA

R4.8b

Afrimat

JSE:AFT

R9.6b

Price History & Performance

Summary of all time highs, changes and price drops for Pan African Resources
Historical stock prices
Current Share Price	UK£5.73
52 Week High	UK£5.81
52 Week Low	UK£2.85
Beta	0.68
1 Month Change	13.47%
3 Month Change	37.08%
1 Year Change	36.75%
3 Year Change	65.61%
5 Year Change	241.07%
Change since IPO	385.59%

Recent updates

Shareholder Returns

	PAN	ZA Metals and Mining	ZA Market
7D	1.8%	-7.1%	1.1%
1Y	36.8%	-14.9%	-4.9%

Return vs Industry: PAN exceeded the ZA Metals and Mining industry which returned -14.9% over the past year.

Return vs Market: PAN exceeded the ZA Market which returned -4.9% over the past year.

Price Volatility

Is PAN's price volatile compared to industry and market?
PAN volatility
PAN Average Weekly Movement	5.5%
Metals and Mining Industry Average Movement	7.3%
Market Average Movement	5.0%
10% most volatile stocks in ZA Market	11.7%
10% least volatile stocks in ZA Market	2.9%

Stable Share Price: PAN's share price has been volatile over the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
2001	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?
PAN fundamental statistics
Market cap	R11.06b
Earnings (TTM)	R1.42b
Revenue (TTM)	R6.83b

7.8x

P/E Ratio

1.6x

P/S Ratio

Is PAN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PAN 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 PAN perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

25%

Payout Ratio

PAN Stock Overview

Rewards

Risk Analysis

Pan African Resources PLC Competitors

JSE:HAR

R105.8b

JSE:GFI

R293.0b

JSE:THA

R4.8b

JSE:AFT

R9.6b

Price History & Performance

Recent News & Updates

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

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

Price target increased by 11% to R4.95

Investor sentiment improves as stock rises 16%

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

Recent updates

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

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

Price target increased by 11% to R4.95

Investor sentiment improves as stock rises 16%

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

Upcoming dividend of R0.18 per share at 4.6% yield

Key Executive recently bought R494k worth of stock

Price target increased by 16% to R4.45

Investor sentiment improves as stock rises 16%

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

Full year 2023 earnings released: EPS: US$0.032 (vs US$0.039 in FY 2022)

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

Price target decreased by 14% to R3.85

Financial Director & Executive Director recently bought R76m 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

Investor sentiment deteriorates as stock falls 21%

Price target decreased by 9.0% to R4.55

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

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

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.

Full year 2022 earnings released: EPS: US$0.039 (vs US$0.039 in FY 2021)

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

Insufficient new directors

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

Now 23% undervalued after recent price drop

Now 22% undervalued after recent price drop

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

Now 20% undervalued

Now 21% undervalued

Now 22% undervalued

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

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

Price target increased to R4.90

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

Upcoming dividend of R0.18 per share

Financial Director & Executive Director recently bought R751k worth of stock

Lead Independent Director Hester Hickey has left the company

Full year 2021 earnings released: EPS US$0.039 (vs US$0.023 in FY 2020)

Pan African Resources plc Provides Production Guidance for the Financial Year Ending 30 June 2022

Pan African Resources plc Provides Earnings Guidance for the Year Ended June 30, 2021

Pan African Resources PLC Provides Production Guidance for the Fiscal Year 2022

Price target decreased to R5.00

CEO & Executive Director recently bought R130m worth of stock

Pan African Resources PLC Announces Renewal of Barberton Mines’ Mining Rights

Pan African Resources PLC Provides Operational Update

CEO & Executive Director recently bought R4.0m worth of stock

First half 2021 earnings released: EPS US$0.021 (vs US$0.011 in 1H 2020)

New 90-day low: R3.88

Pan African Resources PLC, Annual General Meeting, Nov 25, 2021

Investor sentiment improved over the past week