Pan African Resources (PAF.L) Stock Price

Pan African Resources Price

🇬🇧LSE·CLOSED
1.54USD
Market closed
Today +/-
Today %

Pan African Resources (PAF.L) Stock | ISIN GB0004300496 | WKN 913531. The current Pan African Resources stock price is 1.54 USD (2026). Revenue is 1.24 B USD. Net income is 438.58 M USD. The P/E ratio is 6.96. Market capitalization is 3.05 B USD. Pan African Resources operates in the Commodities sector.

Over the last 17 years Pan African Resources grew revenue by 12% annually, reaching 540.03 M USD. Earnings per share have grown at 12.2% per year over the last 17 years. For Pan African Resources, the net margin of 26.2% is up versus 20.2% a few years ago. At today's price the dividend yield works out to roughly 1.06%. The payout ratio is around 23% of earnings. The dividend has grown at 11.6% per year over the past 16 years.

Pan African Resources stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Pan African Resources over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Pan African Resources stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Pan African Resources's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Pan African Resources Stock Price History
DatePan African Resources Price
Access this data via the Eulerpool API

Pan African Resources Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
0 USD
-1.5 M USD
-1.4 M USD
Jan 1, 2007
0 USD
-1.8 M USD
-1.8 M USD
Jan 1, 2008
78.4 M USD
24.1 M USD
10.9 M USD
Jan 1, 2009
84.3 M USD
35.1 M USD
7 M USD
Jan 1, 2010
107.9 M USD
38.9 M USD
22.5 M USD
Jan 1, 2011
125.7 M USD
49 M USD
27.3 M USD
Jan 1, 2012
159.8 M USD
81.6 M USD
46.3 M USD
Jan 1, 2013
209 M USD
71.6 M USD
66.7 M USD
Jan 1, 2014
250.6 M USD
52.5 M USD
43.5 M USD
Jan 1, 2015
180.9 M USD
22.1 M USD
15.04 M USD
Jan 1, 2016
192.83 M USD
48.83 M USD
30.67 M USD
Jan 1, 2017
149.41 M USD
35.62 M USD
21.56 M USD
Jan 1, 2018
145.97 M USD
18.15 M USD
-122.82 M USD
Jan 1, 2019
217.68 M USD
40.43 M USD
38.04 M USD
Jan 1, 2020
274.11 M USD
86.84 M USD
44.29 M USD

Pan African Resources Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 18, 2026, 5:31 AM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M USD)
NET INCOME (M USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
2023202420252026e2027e2028e2029e2030e
0.320.370.541.241.321.411.471.44
-15.1616.9344.77129.636.137.294.25-1.97
31.0334.5840.7417.7416.7215.5814.9515.25
99129220220220220220220
6079141438554516534504
-2031.6778.48210.6426.48-6.863.49-5.62
0.010.010.020.010.070.06--
100-50600-14.29
1.921.921.981.981.981.981.981.98
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Pan African Resources generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Pan African Resources retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Pan African Resources's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Pan African Resources has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Pan African Resources's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Pan African Resources stock margins

The Pan African Resources margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Pan African Resources. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Pan African Resources.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
40.88 %
- %
- %
Jan 1, 2007
40.88 %
- %
- %
Jan 1, 2008
35.71 %
30.74 %
13.9 %
Jan 1, 2009
46.03 %
41.64 %
8.3 %
Jan 1, 2010
40.69 %
36.05 %
20.85 %
Jan 1, 2011
42.64 %
38.98 %
21.72 %
Jan 1, 2012
54.32 %
51.06 %
28.97 %
Jan 1, 2013
53.06 %
34.26 %
31.91 %
Jan 1, 2014
38.55 %
20.95 %
17.36 %
Jan 1, 2015
29.21 %
12.22 %
8.31 %
Jan 1, 2016
40.36 %
25.32 %
15.9 %
Jan 1, 2017
43.09 %
23.84 %
14.43 %
Jan 1, 2018
31.17 %
12.44 %
-84.13 %
Jan 1, 2019
35.06 %
18.57 %
17.48 %
Jan 1, 2020
47.07 %
31.68 %
16.16 %

Pan African Resources Stock Revenue, EBIT, Earnings per Share

The Pan African Resources earnings per share therefore indicates how much revenue Pan African Resources has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
0 USD
-0 USD
-0 USD
Jan 1, 2007
0 USD
-0 USD
-0 USD
Jan 1, 2008
0.07 USD
0.02 USD
0.01 USD
Jan 1, 2009
0.08 USD
0.03 USD
0.01 USD
Jan 1, 2010
0.08 USD
0.03 USD
0.02 USD
Jan 1, 2011
0.09 USD
0.03 USD
0.02 USD
Jan 1, 2012
0.11 USD
0.06 USD
0.03 USD
Jan 1, 2013
0.13 USD
0.04 USD
0.04 USD
Jan 1, 2014
0.14 USD
0.03 USD
0.02 USD
Jan 1, 2015
0.1 USD
0.01 USD
0.01 USD
Jan 1, 2016
0.11 USD
0.03 USD
0.02 USD
Jan 1, 2017
0.1 USD
0.02 USD
0.01 USD
Jan 1, 2018
0.08 USD
0.01 USD
-0.07 USD
Jan 1, 2019
0.11 USD
0.02 USD
0.02 USD
Jan 1, 2020
0.14 USD
0.05 USD
0.02 USD

Pan African Resources business model & stock analysis

The company Pan African Resources PLC is a South African mining company specializing in the production of gold and other metals. It was founded in 2000 and has since had an impressive history in the mining industry. Pan African Resources' business model is to extract and sell high-quality gold and precious metal ores from mines in South Africa and other African countries. The company has various subsidiaries and joint ventures in different countries responsible for mining activities. Pan African Resources operates three gold mines in South Africa: Barberton, Evander, and Elikhulu. The Barberton mine is the oldest operating gold mine in South Africa with a history of over 130 years. The Evander mine is located in the eastern region of Mpumalanga and has a production capacity of approximately 100,000 ounces of gold per year. The Elikhulu mine is one of Pan African Resources' newest mines, which started operating in 2018. Pan African Resources also has mining activities in other African countries. In Mozambique, the company operates the Mankayanigruve, which contains cobalt and copper reserves. In Ivory Coast, Pan African Resources holds an exploration license to search for gold deposits. Furthermore, the company has a joint venture with a European company in Madagascar to search for nickel and copper. Pan African Resources offers various products on the market, including gold, silver, and platinum. The company aims to operate a sustainable and environmentally friendly mining activity and adheres to strict environmental regulations. The company has made extensive technological investments to optimize the mining and production process while minimizing environmental impact. Private investors can invest in Pan African Resources' stocks, which are traded on the London Stock Exchange. The company has a strong balance sheet and is built on a solid financial foundation. Pan African Resources also has a broad investor base, including institutional investors, private hedge funds, and other large investors. Overall, Pan African Resources has an impressive history in the mining industry and strives to play a leading role in the sector. With a strong portfolio of precious metal ores, diversified locations, and a sustainable corporate philosophy, the company remains on a solid growth path.

Pan African Resources SWOT Analysis

Strengths

Pan African Resources PLC has a diversified portfolio of assets, including gold and platinum group metals mines. This diversity helps to mitigate risks and provides stability to its overall operations.

The company maintains a strong financial position with a healthy cash flow and low debt levels. This allows Pan African Resources PLC to fund its ongoing operations, invest in growth opportunities, and withstand market downturns.

Weaknesses

Pan African Resources PLC heavily relies on the mining industry for its revenue and profitability. Fluctuations in commodity prices or regulatory changes can significantly impact the company's performance and financial results.

Operating in multiple African countries exposes Pan African Resources PLC to geopolitical risks, such as political instability, changes in government policies, and potential disputes over mining rights. These risks can disrupt operations and affect the company's profitability.

Opportunities

The rising global demand for gold presents an opportunity for Pan African Resources PLC to capitalize on higher gold prices and increase its revenue. The company can explore further expansion or acquisitions to meet this growing demand.

Pan African Resources PLC can focus on exploration activities to discover new mineral deposits and develop them into viable mining projects. This would help diversify its asset base and potentially increase its resource reserves.

Threats

The volatility in commodity prices, particularly for gold and platinum group metals, poses a significant threat to Pan African Resources PLC. Fluctuations in prices can impact the company's profitability and financial performance.

Increasing environmental regulations and concerns related to mining activities can lead to higher compliance costs and operational challenges for Pan African Resources PLC. Failure to meet these regulations may result in penalties or reputational damage.

Pan African Resources Eulerpool Fair Value

Pan African Resources historical P/E ratio, EBIT multiple, and P/S ratio

Pan African Resources annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Pan African Resources shares outstanding

The number of shares was Pan African Resources in 2025 — This indicates how many shares 1.979 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
354.3 M base_Shares
Jan 1, 2007
408.9 M base_Shares
Jan 1, 2008
1.07 B base_Shares
Jan 1, 2009
1.11 B base_Shares
Jan 1, 2010
1.38 B base_Shares
Jan 1, 2011
1.44 B base_Shares
Jan 1, 2012
1.45 B base_Shares
Jan 1, 2013
1.63 B base_Shares
Jan 1, 2014
1.83 B base_Shares
Jan 1, 2015
1.83 B base_Shares
Jan 1, 2016
1.81 B base_Shares
Jan 1, 2017
1.57 B base_Shares
Jan 1, 2018
1.81 B base_Shares
Jan 1, 2019
1.93 B base_Shares
Jan 1, 2020
1.93 B base_Shares

Pan African Resources Dividend History

18 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.01USDYTD
Mar 12, 20260.01USD 66.6%1/1
20250.02USD 70.7%
Nov 27, 20250.02USD 70.7%1/1
20240.01USD 25.8%
20230.01USD 12.3%
20220.01USD 2.3%
20210.01USD 23.4%
20200.01USD 487.3%
20190USD 73.8%
20180USD 0.0%
20170USD 49.1%

Pan African Resources dividend history and estimates

In 2025, Pan African Resources paid a dividend amounting to 0.02 USD. Dividend means that Pan African Resources distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Invalid Date
0 USD
0 USD
Invalid Date
0 USD
0 USD
Invalid Date
0.01 USD
0 USD
Invalid Date
0.01 USD
0.01 USD
Invalid Date
0 USD
0.01 USD
Invalid Date
0.01 USD
0.01 USD
Invalid Date
0.01 USD
0.01 USD
Invalid Date
0.01 USD
0 USD
Invalid Date
0 USD
0.01 USD
Invalid Date
0 USD
0 USD
Invalid Date
0 USD
0 USD
Jan 1, 2020
0.01 USD
0 USD
Jan 1, 2021
0.01 USD
0 USD
Jan 1, 2022
0.01 USD
0 USD
Jan 1, 2023
0.01 USD
0 USD

Pan African Resources dividend payout ratio

In 2025, Pan African Resources had a payout ratio of 23.27%. The payout ratio indicates the percentage of the company's profits that Pan African Resources distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
24.69 %
Jan 1, 2007
24.69 %
Jan 1, 2008
24.69 %
Jan 1, 2009
27.05 %
Jan 1, 2010
19.7 %
Jan 1, 2011
27.18 %
Jan 1, 2012
24.69 %
Jan 1, 2013
22.31 %
Jan 1, 2014
45.15 %
Jan 1, 2015
71.96 %
Jan 1, 2016
52.28 %
Jan 1, 2017
14.29 %
Jan 1, 2018
24.69 %
Jan 1, 2019
5.95 %
Jan 1, 2020
29.94 %
Price targets and forecasts for Pan African Resources are not yet available.

Pan African Resources Earnings Estimates

Pan African Resources Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/13/20240.02USD194.7 MUSD2024 Q2
2/14/20230.02USD187.77 MUSD2023 Q2
9/14/20220.02USD190.14 MUSD2022 Q4
2/16/20220.02USD-USD2022 Q2
9/15/20210.02USD188.05 MUSD2021 Q4
9/16/20200.02USD-USD2020 Q4
9/18/20190.01USD-USD2019 Q4
2/13/20190.01USD-USD2019 Q2
9/19/20180USD94.35 MUSD2018 Q4
9/20/20170.01USD130.98 MUSD2017 Q4

EESG©

Eulerpool ESG Scorecard© for the Pan African Resources stock

66/100
66
Environment
66
Social
67
Governance
E

Environment

20
Scope 1 - Direct Emissions3,700
Scope 2 - Indirect emissions from purchased energy332,520
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions336,220
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees16.1
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Pan African Resources shareholder structure

% Name
12.77391%
Public Investment Corporation (SOC) Limited
Public Investment Corporation (SOC) Limited
7.02036%
Allan Gray Proprietary Limited
Allan Gray Proprietary Limited
5.53054%
Peregrine Capital (Pty) Ltd
Peregrine Capital (Pty) Ltd
4.55017%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.85625%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
2.88046%
Coronation Fund Managers Limited
Coronation Fund Managers Limited
2.3562%
Van Eck Associates Corporation
Van Eck Associates Corporation
2.17307%
MandG Investment Managers (Pty) Ltd
MandG Investment Managers (Pty) Ltd
1.75026%
American Century Investment Management, Inc.
American Century Investment Management, Inc.
1.1973%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
...

Pan African Resources Executives and Management Board

JL

Mr. Jacobus Loots

(47)

Chief Executive Officer, Executive Director · since 2009

Compensation2.26 M USD
MK

Ms. Marileen Kok

(42)

Financial Director, Executive Director · since 2024

Compensation207,000 USD
KS

Mr. Keith Spencer

(75)

Non-Executive Independent Chairman of the Board · since 2007

Compensation97,000 USD
TM

Mr. Thabo Mosololi

(56)

Non-Executive Independent Director

Compensation75,000 USD
DE

Ms. Dawn Earp

(63)

Non-Executive Lead Independent Director

Compensation69,000 USD

Pan African Resources Supply Chain

Frequently asked questions about Pan African Resources

The business model of Pan African Resources PLC focuses on gold mining and exploration. As a leading African-based precious metals producer, Pan African Resources PLC operates in South Africa and Tanzania. The company's primary objective is to deliver sustainable and profitable production by mining high-quality, low-cost assets. Pan African Resources PLC leverages its experienced management team and strong operational capabilities to maximize shareholder value. With a commitment to responsible mining practices, the company strives to create lasting value for its shareholders and the communities in which it operates through ethical and sustainable operations.

All fundamentals and in-depth analysis of Pan African Resources

Our stock analysis for Pan African Resources Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Pan African Resources Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.