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Broker spies golden Pan African opportunity

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Broker spies golden Pan African opportunity

Shore Capital is urging clients to buy back into Pan African Resources following a sharp sell-off, implying the downside may now be exhausted. The note is framed as a contrarian opportunity rather than a fundamental earnings/guidance update. Overall, this is likely to support sentiment toward PAF more than it should change the broader market.

Analysis

Shore Capital is urging clients to buy back into Pan African Resources following a sharp sell-off, implying the downside may now be exhausted. The note is framed as a contrarian opportunity rather than a fundamental earnings/guidance update. Overall, this is likely to support sentiment toward PAF more than it should change the broader market.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.18

Ticker Sentiment

PNADF0.25

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