Pan African Resources priced for upside as Australian growth story is expected top

RBC Capital Markets initiated coverage of Pan African Resources PLC with an Outperform rating and set a 155p price target. The call is incrementally positive for sentiment, though it is likely to have limited near-term market impact absent additional fundamental catalysts.

Analysis

RBC Capital Markets initiated coverage of Pan African Resources PLC with an Outperform rating and set a 155p price target. The call is incrementally positive for sentiment, though it is likely to have limited near-term market impact absent additional fundamental catalysts.