Date: Wednesday 29 Jan 2014
LONDON (ShareCast) - South African gold and platinum miner Pan African Resources forecast that half-year earnings would rise by more than a fifth, boosting its shares.
Pan African, which has three main mining schemes and a gold tailings project in South Africa, said it expected earnings per share in the six months to December 31st 2013 to be between 27% and 34% higher than in the same period a year ago.
Broker Canaccord Genuity said the forecast implied a 12-19% improvement on its current earnings per share estimate of 0.8p.
Canaccord has a buy recommendation on the stock with a target price of 16p.
It currently expects Pan African to produce first half 2014 sales of £90m and pre-tax earnings before interest and other items of £29m against first half 2013 sales of £49m and earnings of £19m a year ago.
Shares rose 1.79% to 14.25p by 12.10 in London.
PW
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Currency | UK Pounds |
Share Price | 22.50p |
Change Today | 0.60p |
% Change | 2.74 % |
52 Week High | 22.60 |
52 Week Low | 12.02 |
Volume | 4,140,484 |
Shares Issued | 2,222.86m |
Market Cap | £500.14m |
RiskGrade | 255 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 2 |
Buy | 1 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 3 |
Latest | Previous | |
---|---|---|
Final | Final | |
Ex-Div | 30-Nov-23 | 01-Dec-22 |
Paid | 12-Dec-23 | 13-Dec-22 |
Amount | 0.75p | 0.91p |
Time | Volume / Share Price |
16:35 | 655,022 @ 22.50p |
16:35 | 2,296 @ 22.50p |
16:35 | 6,422 @ 22.50p |
16:35 | 3,640 @ 22.50p |
16:35 | 20,447 @ 22.50p |
CEO | Cobus Loots |
Finance Director | Deon Louw |
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