Pan African Resources Share Price

Pan African Resources PLC (LSE:PAF) is a gold mining company with primary operations in South Africa. The current share price as of late March 2026 stands in the range of approximately 144–163 GBX, with the London Stock Exchange listing showing a market capitalisation of roughly £2.05–3.21 billion depending on the source and timing of data retrieval. The company offers a dividend yield of approximately 1.84% and maintains a consensus “Buy” analyst rating with a median 12-month price target of around 169.40 GBX.

Current Pan African Resources Share Price

As of the most recent available data, Pan African Resources shares (PAF) trade between 144.00–162.66 GBX on the London Stock Exchange. TradingView reports a price of 162.66 GBX, up 3.92% in the past 24 hours, while Hargreaves Lansdown cites a sell/buy range of 144.00–144.60 GBX, reflecting a 3.99% gain from the previous close of 150.20 GBX as of the March 13, 2026 close. The day’s range has been recorded between 158.18–163.94 GBX on some platforms, with eToro reporting 159.220 GBX, down 1.57% in the last 24 hours.

• PAF shares have delivered approximately +133.24% over the past year, making it one of the stronger performers in the small-cap gold mining space on the LSE.
• The 52-week range spans from approximately 30.953–190 GBX, indicating significant price appreciation over the 12-month period.
• The company’s low beta of 0.60 (1Y) suggests relative price stability compared to the broader market.
• A P/E ratio (TTM) of 16.0 and basic EPS (TTM) of 0.1 GBP provide a baseline valuation framework.
• Analyst consensus points to meaningful upside, with the median 12-month target at 169.40 GBX representing approximately 33.8% implied upside from recent levels.
• The company operates gold mines in South Africa and generates significant revenue from gold production, exposing shareholders to commodity price risk.
• Recent half-year results beat expectations with revenue of £261.87 million and net income of £74.16 million, up 110.69% year-on-year.

Investors seeking real-time pricing can monitor the London Stock Exchange PAF price page or check Hargreaves Lansdown for live quotes. The official Pan African Resources investor relations site also publishes cross-listed pricing on both the LSE and JSE.

Pan African Resources Share Price Forecast

Based on available analyst coverage, the consensus 12-month price target for Pan African Resources stands at approximately 169.40 GBX, representing meaningful upside from recent trading levels near 126–144 GBX. The high target is cited at 198.63 GBX and the low at 158.90 GBX according to Investors Chronicle data covering four analysts. eToro similarly projects a target of 165.00 GBX. No specific forecasts extending to 2030 appear in available sources, and longer-term projections should be treated as estimates rather than reliable predictions.

Analyst commentary generally characterises PAF as undervalued at current levels, with the consensus recommendation categorised as “Buy.” The company’s strong half-year revenue beat of £261.87 million and net income growth of 110.69% year-on-year provide a fundamental basis for the constructive outlook. However, gold price sensitivity remains a key variable — the share price fell 7.7% in one trading session following a gold price drop after a major geopolitical event (referenced as a post-Trump market event in research sources), illustrating the commodity linkage that affects both revenue projections and price targets.

TradingView shows a lower target range of 110.09–124.88 GBX, which reflects a more cautious technical perspective distinct from the fundamental analyst consensus. This divergence underscores that price forecasts represent estimates informed by varying methodologies, and investors should not treat any single target as a definitive prediction of future performance.

Pan African Resources Share Price History

Pan African Resources has experienced significant price appreciation over its trading history on the London Stock Exchange. The stock reached an all-time high of 99.9 GBX on October 17, 2025, and subsequently pushed higher, with 52-week highs recorded near 190 GBX. The all-time low stands at 1.0 GBX, recorded on July 5, 2005, representing the share’s value during earlier phases of the company’s development as a smaller-cap mining operation.

The past year has been particularly strong, with PAF delivering approximately +133.24% in total return over the 12-month period. However, more recent performance has shown increased short-term volatility: weekly performance was recorded at -11.77% in some data snapshots, and monthly returns showed -0.79% in certain periods. This pattern reflects the gold mining sector’s sensitivity to commodity price movements and broader market sentiment toward South African mining equities.

The 52-week trading range spans from a low of approximately 30.953–37.35 GBX to a high of 190 GBX, indicating a substantial trading band. Investors interested in historical performance data can consult This Is Money’s PAF price history page or ADVFN’s PAF share chat for additional historical context and price charts.

Pan African Resources Dividend Information

Pan African Resources currently offers a dividend yield of approximately 1.84%, based on trailing twelve-month dividend payments relative to the current share price. The company has maintained a consistent dividend policy, and this yield level is considered attractive within the gold mining sector, where dividend payments are often more volatile than in established consumer or financial sectors.

Analyst commentary notes that the current payout ratio is relatively high relative to earnings, which warrants investor caution. A high payout ratio means the company is distributing a substantial portion of its earnings as dividends, potentially limiting reinvestment capacity or creating vulnerability if gold prices compress and squeeze margins. Nevertheless, the combination of the 1.84% yield and the potential for capital appreciation identified in analyst price targets creates a total return proposition that several sources characterise as compelling for income-focused and growth-oriented investors alike. For those interested in exploring investment opportunities further, Labranda Suites Costa Adeje offers a compelling total return proposition.

Investors can find detailed dividend history and payment schedules through the company’s official share price page or via the Hargreaves Lansdown platform.

Is Pan African Resources a Good Investment?

Pan African Resources presents a mixed investment profile that reflects both significant opportunities and notable risks inherent to the gold mining sector. On the positive side, the company has demonstrated strong operational performance, with half-year revenue of £261.87 million beating consensus estimates and net income rising 110.69% year-on-year to £74.16 million. The FY revenue baseline stands at £417.43 million with net income of £109.45 million, indicating a profitable enterprise generating meaningful cash flow from South African gold operations.

The investment case is reinforced by several factors: the stock’s low beta of 0.60 suggests relative price stability compared to the broader market; the +133.24% annual return reflects strong investor confidence; analyst consensus consistently rates the shares as a “Buy” with the median 12-month target implying approximately 33.8% upside from recent levels; and the 1.84% dividend yield provides income while awaiting capital appreciation.

Conversely, key risks warrant careful consideration. Gold price volatility represents the most significant factor — the commodity linkage means that sharp gold price declines can trigger rapid share price corrections, as demonstrated by the 7.7% single-session decline following a gold price drop after a major political event. The high dividend payout ratio introduces sustainability questions if gold prices or operational performance deteriorate. South Africa’s specific country risk — including regulatory, labour, and infrastructure challenges — adds an additional layer of uncertainty that affects the operational environment. The substantial variance in market capitalisation figures across sources (ranging from £2.05 billion to £3.21 billion) reflects data timing differences and reinforces that live pricing requires regular monitoring from authoritative sources such as the LSE.

Overall, available evidence suggests Pan African Resources may represent a worthwhile investment for those with appropriate risk tolerance and a bullish view on gold prices, particularly given the undervaluation signals from analyst consensus. However, the commodity-dependent nature of the business means no investment decision should be made without consulting a qualified financial adviser who can assess individual circumstances and risk tolerance.

Timeline of Recent Price Developments

• July 5, 2005: PAF records all-time low of 1.0 GBX during early trading history on the London Stock Exchange.
• 2024–2025: Stock enters strong uptrend, gaining approximately +133.24% over the trailing 12-month period.
• October 17, 2025: PAF reaches all-time high of 99.9 GBX.
• 2025–2026: Shares continue climbing to test 190 GBX, expanding the 52-week range significantly above prior resistance levels.
• March 13, 2026 (close): Hargreaves Lansdown records closing price of 150.20 GBX, with next-session trading at 144.00–144.60 GBX range, up 3.99%.
• Late March 2026: TradingView records intraday price of 162.66 GBX, up 3.92% in 24 hours; eToro shows 159.220 GBX, down 1.57% in 24 hours — reflecting intra-day volatility and timing differences.
• March 2026 (weekly data): Some sources record -11.77% weekly performance, indicating significant short-term pullback from recent highs.

Clarity: What Is Known vs. Uncertain

Established facts: Pan African Resources trades on the LSE under ticker PAF as a South African gold mining company. Current pricing is in the 144–163 GBX range. Market capitalisation stands in the £2–3.2 billion range. The dividend yield is approximately 1.84%. The 52-week range spans roughly 31–190 GBX. The P/E ratio is approximately 16.0. The company generated £417.43 million in FY revenue. Analyst consensus rates the stock as “Buy” with a median 12-month target near 169.40 GBX. The stock has delivered approximately +133.24% over the past year.

Uncertain or disputed elements: Precise real-time pricing varies between sources due to market timing and data latency. Exact market capitalisation figures differ across platforms (ranging from £2.05 billion to £3.21 billion) depending on when and how data was captured. Short-term price direction is inherently unpredictable, as demonstrated by the conflicting daily performance figures across platforms in the same period. The sustainability of the current dividend payout ratio under stress conditions is debated. No validated 2030 price forecasts are available from authoritative sources. The full impact of South African regulatory and operational factors on forward earnings remains subject to ongoing assessment.

Sources and Analyst Quotes

• London Stock Exchange — live PAF pricing and official market data: lse.co.uk/SharePrice.html?shareprice=PAF
• Hargreaves Lansdown — share price data and company overview: hl.co.uk/pan-african-resources
• TradingView — real-time charting, technicals and fundamentals: tradingview.com/symbols/LSE-PAF/
• This Is Money — investing platform with PAF quote data: investing.thisismoney.co.uk/quote/PAF
• Pan African Resources official IR — share price, JSE/LSE cross-listing: panafricanresources.com/share-price-on-the-jse-lse/
• ADVFN — LSE PAF share chat and community pricing: uk.advfn.com/pan-african-resources-PAF/share-chat
• eToro — market data and price targets: etoro.com/markets/paf.l
• Investors Chronicle — analyst forecasts and price targets: markets.investorschronicle.co.uk/forecasts

As noted on the company’s own investor relations page, analysts maintain a “Buy” consensus with an attractive yield, though the high payout ratio warrants caution. TradingView confirms the P/E ratio (TTM) of 16.0 and a basic EPS (TTM) of 0.1 GBP, while highlighting the low beta of 0.60 as a stability factor relative to broader market movements.

Summary

Pan African Resources (LSE:PAF) represents a profitable South African gold mining company trading in the 144–163 GBX range with a market capitalisation of approximately £2–3.2 billion and a dividend yield of 1.84%. The stock has delivered exceptional returns of +133.24% over the past year, though recent short-term performance has shown increased volatility with weekly declines of up to -11.77% in some data windows. Analyst consensus is broadly constructive, with a median 12-month price target of 169.40 GBX implying meaningful upside, though no long-range forecasts to 2030 are available. Key risks centre on gold price sensitivity, the high dividend payout ratio, and South African operational risks, while the stock’s low beta and strong earnings growth provide counterbalancing support for investors with appropriate risk tolerance. For the most current pricing, consult the London Stock Exchange directly or a regulated broker.

Frequently Asked Questions

What is the current Pan African Resources share price?

As of late March 2026, PAF shares trade in the range of approximately 144–163 GBX on the London Stock Exchange, with prices varying slightly by source and data timing.

What is Pan African Resources market cap?

The market capitalisation is approximately £2.05–3.21 billion depending on the source and pricing data referenced, with authoritative figures available from the London Stock Exchange and Hargreaves Lansdown.

Does Pan African Resources pay dividends?

Yes. Pan African Resources pays a dividend with a current indicated yield of approximately 1.84%, though the relatively high payout ratio means investors should monitor sustainability.

What is the 52-week price range for PAF shares?

The 52-week range spans from approximately 30.953–37.35 GBX at the low end to around 190 GBX at the high, indicating substantial annual volatility in the gold mining stock.

Is Pan African Resources a good investment?

Available evidence — including a “Buy” analyst consensus, approximately 33.8% implied upside to the median 12-month target, a 1.84% dividend yield, and strong earnings growth — suggests Pan African Resources may be worth considering for investors with appropriate risk tolerance and a constructive view on gold. However, commodity price risk, the high payout ratio, and South African operational factors mean professional financial advice should be sought before investing.