Pan African Resources's maiden divi was "better than expected" says broker

Pan African Resources's maiden divi was "better than expected" says broker Proactive uses images sourced from Shutterstock Peel Hunt said Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN) maiden interim dividend came in “a little better than expected”, even as higher costs at the Barberton complex weighed on first-half EBITDA. The broker reiterated its 'Buy' rating and 180p target after the gold producer reported US$487m of revenue for the period, broadly in line with Peel Hunt’s model. The pinch ...