<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
     xmlns:media="http://search.yahoo.com/mrss/"
     xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:wfw="http://wellformedweb.org/CommentAPI/"
     xmlns:dc="http://purl.org/dc/elements/1.1/"
     xmlns:atom="http://www.w3.org/2005/Atom"
     xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
     xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
    xmlns:company="http:/purl.org/rss/1.0/modules/company" xmlns:fool="http://fool.com/rss/extensions"     >

    <channel>
        <title>Pan African Resources Plc (LSE:PAF) Share Price, History, &amp; News | The Twelfth Magpie</title>
        <atom:link href="https://www.twelfthmagpie.com/tickers/lse-paf/feed/" rel="self" type="application/rss+xml" />
        <link>https://www.twelfthmagpie.com/tickers/lse-paf/</link>
        <description>Share Tips, Investing and Stock Market News</description>
        <lastBuildDate>Thu, 04 Jun 2026 16:20:00 +0000</lastBuildDate>
        <language>en-GB</language>
                <sy:updatePeriod>hourly</sy:updatePeriod>
                <sy:updateFrequency>1</sy:updateFrequency>
        <generator>https://wordpress.org/?v=7.0</generator>

<image>
	<url>https://www.twelfthmagpie.com/wp-content/uploads/2026/05/cropped-Magpie_Icon_Black_RGB-1-32x32.png</url>
	<title>Pan African Resources Plc (LSE:PAF) Share Price, History, &amp; News | The Twelfth Magpie</title>
	<link>https://www.twelfthmagpie.com/tickers/lse-paf/</link>
	<width>32</width>
	<height>32</height>
</image> 
            <item>
                                <title>Hot, hotter, hottest. Is it too late to consider these 3 amazing FTSE 250 shares?</title>
                <link>https://www.twelfthmagpie.com/2026/06/01/hot-hotter-hottest-is-it-too-late-to-consider-these-3-amazing-ftse-250-shares/</link>
                                <pubDate>Mon, 01 Jun 2026 09:00:00 +0000</pubDate>
                <dc:creator><![CDATA[James Beard]]></dc:creator>
                		<category><![CDATA[Growth Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1696742</guid>
                                    <description><![CDATA[<p>The FTSE 250’s delivered a return of 11% since May 2025. But what about the top three performers? After a red-hot streak, are they still worth considering?</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/06/01/hot-hotter-hottest-is-it-too-late-to-consider-these-3-amazing-ftse-250-shares/">Hot, hotter, hottest. Is it too late to consider these 3 amazing FTSE 250 shares?</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">There are three very different <strong>FTSE 250</strong> stocks that have grown exponentially in value since May 2025. But have investors missed the boat? </p>



<p class="wp-block-paragraph">Let’s see.</p>



<figure class="wp-block-table has-p-small-font-size"><table><thead><tr><th><strong>Stock</strong></th><th><strong>One-year share price change</strong></th></tr></thead><tbody><tr><td><strong>Pan African Resources</strong> (<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>)</td><td>+206%</td></tr><tr><td><strong>Sage</strong> (<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-saga/">LSE:SAGA</a>)</td><td>+293%</td></tr><tr><td><strong>Ceres Power Holdings </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-cwr/">LSE:CWR</a>)</td><td>+1,064%</td></tr></tbody></table><figcaption class="wp-element-caption"><sup>Source: Hargreaves Lansdown/12 months to 27.5.26</sup></figcaption></figure>



<h2 id="h-hot" class="wp-block-heading">Hot</h2>



<p class="wp-block-paragraph">Pan African Resources is a mid-tier gold producer with operations in South Africa and Australia. And like all in the sector, it’s benefitted hugely from the recent surge in the gold price.</p>



<p class="wp-block-paragraph">However, although shareholders have done well, it’s a reminder that earnings in the sector can be volatile. Along with all sorts of random events posing a threat to production – the weather and industrial action, to name just two &#8212; it means investing in the sector can be risky.</p>


<div class="tmf-chart-singleseries" data-title="Pan African Resources Plc Price" data-ticker="LSE:PAF" data-range="5y" data-start-date="2021-06-01" data-end-date="" data-comparison-value=""></div>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph">But looking ahead, I think demand for gold will continue to rise. Central banks are buying vast quantities as they seek to hedge against inflation and mitigate the risk of sovereign debt default. Encouragingly, the group&#8217;s production costs are lower than its peer group average.</p>



<p class="wp-block-paragraph">For those attracted to the sector, there are lots of miners to choose from. Indeed, I’m already exposed through a small stake in <strong>Endeavour Mining. </strong>However, one gold miner&#8217;s enough for me. Others could consider Pan African Resources.</p>



<h2 id="h-hotter" class="wp-block-heading">Hotter</h2>



<p class="wp-block-paragraph">Saga, the over-50s specialist, recently disposed of its under-performing insurance underwriting arm – it continues to act as a broker – and now focuses on its ocean and river cruises business.</p>



<p class="wp-block-paragraph">In its favour, its target demographic has above-average disposable incomes. And those in their &#8216;golden years&#8217; tend to show more brand loyalty and be less price conscious.</p>


<div class="tmf-chart-singleseries" data-title="Saga Plc Price" data-ticker="LSE:SAGA" data-range="5y" data-start-date="2021-06-01" data-end-date="" data-comparison-value=""></div>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph">However, Saga’s balance sheet shows <a href="https://www.twelfthmagpie.com/investing-basics/understanding-company-accounts/gearing/">a relatively high level of debt</a> when compared to earnings (3.7 times). And its travel business could be vulnerable to <a href="https://www.twelfthmagpie.com/investing-basics/investment-glossary/what-is-gross-domestic-product-gdp/">a general macroeconomic slowdown</a>.</p>



<p class="wp-block-paragraph">But the group’s clearly going in the right direction. It increased its underlying earnings per share by 77% during its January 2026 financial year. And despite its stellar run, the stock trades on a modest 13.8 times historic earnings. On this basis, I think it could be one to consider.</p>



<h2 id="h-hottest" class="wp-block-heading">Hottest</h2>



<p class="wp-block-paragraph">Since May 2025, Ceres Power Holdings stands head and shoulders above all others on the FTSE 250.</p>



<p class="wp-block-paragraph">When I last wrote about the fuel cell provider on 4 April, I said: “<em>Despite the obvious risks surrounding a company that’s seeking to develop relatively new technological solutions, I think the stock’s one to consider.</em>”</p>



<p class="wp-block-paragraph">At the time, its share price was 320p. Just under eight weeks later, it’s comfortably over 800p. Even though I remain a fan of the group, this is a little rich for me.</p>


<div class="tmf-chart-singleseries" data-title="Ceres Power Holdings Plc Price" data-ticker="LSE:CWR" data-range="5y" data-start-date="2021-06-01" data-end-date="" data-comparison-value=""></div>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph">Yes, I like its high margin and the fact that existing grid constraints could lead to increased demand from data centres. I also appreciate the way in which the business de-risks its operations by licensing its technology to others.</p>



<p class="wp-block-paragraph">However, a market-cap of £1.6bn feels lofty, especially for a company that reported a £48m loss in its most recent financial year.</p>



<p class="wp-block-paragraph">Turning hydrogen into heat and power sounds like a good idea to me. Therefore, I shall revisit the investment case should the group’s share price take a bit of a dip.</p>



<h2 id="h-final-thought" class="wp-block-heading">Final thought</h2>



<p class="wp-block-paragraph">The FTSE 250 might not be the first choice of investors on the hunt for exciting growth stocks but these three suggest it might be worth taking a closer look at the index.</p>


<h2>Should you invest £5,000 in Ceres Power Plc right now?</h2>
<p>When investing expert Mark Rogers and his team have a stock tip, it can pay to listen. After all, the flagship Twelfth Magpie Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets.</p>
<p>And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Ceres Power Plc made the list?</p>
<div class="wp-block-custom-block-collection-cta-button">
	<a href="https://www.twelfthmagpie.com/int-free-best-buy-now/" style="background-color:#5fa85d; width:fit-content; display:inline-flex; cursor:pointer; justify-content:center; align-items:center; transition:all 0.3s ease;border-width:0px; border-style:solid; border-color:#000000; border-top-left-radius:4px; border-top-right-radius:4px; border-bottom-right-radius:4px; border-bottom-left-radius:4px; --hover-background-color:#358832; --pressed-background-color:#0cbf06; padding-top:12px; padding-right:24px; padding-bottom:12px; padding-left:24px; margin-top:0px; margin-right:auto; margin-bottom:0px; margin-left:0px" class="custom-cta-button" data-hover-background-color="#358832" data-pressed-background-color="#0cbf06" ><p class="has-white-color has-text-color" style="margin-bottom:0px;padding-bottom:0px;font-style:normal;font-weight:600">See The Six Stocks</p></a>
</div>
	
<style>
.custom-cta-button p {
  margin-bottom: 0 !important;
  color:#cc0000;
}

div.entry-footer div.textwidget div.braze-content-card div.wp-block-custom-block-collection-presentational-card {
padding: 0 !important;
margin: 0 !important;
}
</style>



<hr class="wp-block-separator has-alpha-channel-opacity" />



<p class="wp-block-paragraph"><em>James Beard owns shares in Endeavour Mining plc.</em></p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/06/01/hot-hotter-hottest-is-it-too-late-to-consider-these-3-amazing-ftse-250-shares/">Hot, hotter, hottest. Is it too late to consider these 3 amazing FTSE 250 shares?</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>Analysts expect these growth stocks to soar 27% and 20% in value by next May!</title>
                <link>https://www.twelfthmagpie.com/2026/05/13/analysts-expect-these-growth-stocks-to-soar-27-and-20-by-next-may/</link>
                                <pubDate>Wed, 13 May 2026 07:31:00 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Growth Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1688543</guid>
                                    <description><![CDATA[<p>Earnings at these growth stocks are expected to rocket higher over the next 12 months. The question is -- how robust are current forecasts?</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/05/13/analysts-expect-these-growth-stocks-to-soar-27-and-20-by-next-may/">Analysts expect these growth stocks to soar 27% and 20% in value by next May!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">Searching for the best growth stocks to buy? I&#8217;ve found two that I believe deserve serious attention from savvy investors:</p>



<ul class="wp-block-list">
<li>Gold miner <strong>Pan African Resources </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>).</li>



<li>IT services provider <strong>NCC Group </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-ncc/">LSE:NCC</a>).</li>
</ul>



<p class="wp-block-paragraph"></p>



<p class="wp-block-paragraph">Each is expected to enjoy explosive earnings growth by City analysts this year. And here&#8217;s the kicker: their share prices are tipped to surge during the next 12 months. So what makes these growth shares worth consideration right now?</p>


<div class="tmf-chart-multipleseries" data-title="Pan African Resources Plc + NCC Group Price" data-tickers="LSE:PAF LSE:NCC" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<h2 class="wp-block-heading" id="h-going-for-gold">Going for gold</h2>



<p class="wp-block-paragraph">Pan African Resources&#8217; share price has surged 216% during the last 12 months. One bullish analyst expects it to rise another 15% by next May. The average share price forecast among brokers suggests a 27% uplift from today&#8217;s levels of 179.2p.</p>



<p class="wp-block-paragraph">This chiefly reflects the bright outlook for gold prices. Bullion remains below February&#8217;s peaks of $5,600 per ounce, at $4,718. But underlying metal demand remains rock-solid and prices are building momentum again.</p>



<p class="wp-block-paragraph">Latest World Gold Council (WGC) data showed gold-backed ETFs last month enjoying inflows of $6.6bn, with strength across all regions. Total assets under management (AUMs) in these funds increased 1% to $615bn. Can this continue? I think so, as geopolitical tensions rise and economic growth cools.</p>



<p class="wp-block-paragraph">This bodes extremely well for <a href="https://www.twelfthmagpie.com/investing-basics/market-sectors/investing-in-gold-stocks-in-the-uk/" id="https://www.twelfthmagpie.com/investing-basics/market-sectors/investing-in-gold-stocks-in-the-uk/" target="_blank" rel="noreferrer noopener">gold stocks</a>. When metal prices increase, their earnings tend to rise more rapidly due to their fixed costs. This explains why Pan African Resources&#8217; share price has leapt more rapidly than gold has over the past year.</p>



<p class="wp-block-paragraph">City analysts are expecting the miner&#8217;s earnings to rise 229% in 2026. This stunning projection also reflects Pan African&#8217;s long-running expansion programme &#8212; full-year production is expected to increase to between 275,000 and 292,000 ounces, up from 197,000 in 2025.</p>



<p class="wp-block-paragraph">Of course any production setbacks could derail these strong growth forecasts. So might an unexpected end to the gold price rally. But on balance, things are looking bright for the company right now.</p>



<h2 class="wp-block-heading" id="h-how-about-this-tech-star">How about this tech star?</h2>



<p class="wp-block-paragraph">I&#8217;m also excited about NCC&#8217;s growth stock credentials. So much so that I&#8217;m hoping to invest here myself when I have spare cash to hand.</p>



<p class="wp-block-paragraph">The cybersecurity specialist hasn&#8217;t fared nearly as well as Pan African over the last year. In fact, its shares have sunk 20%. Yet City analysts are confident it&#8217;ll bounce back. The average 12-month price forecast is 15%. One particular broker thinks it can rebound 20% from 157.5p today.</p>



<p class="wp-block-paragraph">The reason? Surging demand for online security products as the frequency and severity of threats grows. Cyber <a href="https://www.twelfthmagpie.com/investing-basics/investment-glossary/what-is-revenue/" id="https://www.twelfthmagpie.com/investing-basics/investment-glossary/what-is-revenue/" target="_blank" rel="noreferrer noopener">revenues</a> at NCC rose 6% in the six months to March, driving adjusted EBITDA 28% higher. For the full financial year, City analysts expect earnings to increase 168% year on year as operational efficiencies also kick in.</p>



<p class="wp-block-paragraph">There are threats to these forecasts as the Iran War raises inflation and hits economic growth. NCC also has significant competitive threats it needs to see off.</p>



<p class="wp-block-paragraph">However, I still think this growth stock&#8217;s worth a close look for its excellent long-term potential. Analysts think the global security market will grow by 9% to 10% each year over the next decade.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/05/13/analysts-expect-these-growth-stocks-to-soar-27-and-20-by-next-may/">Analysts expect these growth stocks to soar 27% and 20% in value by next May!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>These FTSE 250 stocks could turn a £20k ISA investment into £106,921</title>
                <link>https://www.twelfthmagpie.com/2026/05/04/these-ftse-250-stocks-could-turn-a-20k-isa-investment-into-106921/</link>
                                <pubDate>Mon, 04 May 2026 05:40:00 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>
		<category><![CDATA[Investing For Beginners]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1681999</guid>
                                    <description><![CDATA[<p>Looking for the best FTSE 250 companies to buy in a Stocks and Shares ISA? Royston Wild reveals two top performers to consider in May.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/05/04/these-ftse-250-stocks-could-turn-a-20k-isa-investment-into-106921/">These FTSE 250 stocks could turn a £20k ISA investment into £106,921</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">The <strong>FTSE 250</strong> isn&#8217;t just home to quality growth stocks. It&#8217;s also a great place to find dividend shares, with plenty offering higher yields and stronger payout growth than many <strong>FTSE 100</strong> stocks.</p>



<p class="wp-block-paragraph">With hundreds of companies spanning different industries and parts of the world, it&#8217;s possible to build a strongly performing portfolio with FTSE 250 shares alone. An ISA investor who put a £20,000 lump sum into a tracker fund when the index started in the early 2000s would now have £134,670 in their account. That&#8217;s based on an annual average return of 8.7%.</p>



<p class="wp-block-paragraph">That&#8217;s a pretty decent return. But could investors have done better? Absolutely. <strong>Pan African Resources </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>) and <strong>Allianz Technology Trust </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-att/">LSE:ATT</a>) are two mid-cap stocks that have outperformed the broader FTSE 250 over the past five years. And I&#8217;m confident they&#8217;ll keep delivering spectacular returns, as I&#8217;ll explain.</p>



<h2 class="wp-block-heading" id="h-gold-medallist">Gold medallist</h2>


<div class="tmf-chart-singleseries" data-title="Pan African Resources Plc Price" data-ticker="LSE:PAF" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p class="wp-block-paragraph">Pan African Resources&#8217; success story has been determined by the soaring gold price. It&#8217;s delivered a stunning average annual return of 52.5%, as the yellow metal has punched repeated highs over several years.</p>



<p class="wp-block-paragraph">Can gold keep appreciating following recent choppiness? I&#8217;m confident it can, as inflation rises and geopolitical and economic uncertainty grows. <strong>Morgan Stanley</strong> is forecasting a price of $5,200 per ounce in the second half, as reported by <em>The</em> <em>Economic</em> <em>Times</em>, even as interest rates likely rise. That&#8217;s up by around 500 bucks from today&#8217;s levels.</p>



<p class="wp-block-paragraph">Buying <a href="https://www.twelfthmagpie.com/investing-basics/market-sectors/investing-in-gold-stocks-in-the-uk/" id="https://www.twelfthmagpie.com/investing-basics/market-sectors/investing-in-gold-stocks-in-the-uk/" target="_blank" rel="noreferrer noopener">gold stocks</a> is a leverage play on the metal. When bullion rises, share prices even rise more sharply. The trouble is this effect works in the opposite way too, so investors should be aware Pan African could dive if metal values reverse.</p>



<p class="wp-block-paragraph">That said, the company&#8217;s low valuation could help limit the scale of any decline if the worst does happen. Pan African&#8217;s shares trade on a forward <a href="https://www.twelfthmagpie.com/investing-basics/how-to-value-shares/pe-ratio/" id="https://www.twelfthmagpie.com/investing-basics/how-to-value-shares/pe-ratio/" target="_blank" rel="noreferrer noopener">price-to-earnings (P/E) ratio</a> of 8.3 times.</p>



<h2 class="wp-block-heading" id="h-a-top-trust">A top trust</h2>


<div class="tmf-chart-singleseries" data-title="Allianz Technology Trust Plc Price" data-ticker="LSE:ATT" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p class="wp-block-paragraph">Allianz Technology Trust&#8217;s delivered an average yearly return of 15.5% over a five-year horizon. Its objective is &#8220;<em>to achieve long-term capital growth by investing principally in&#8230; quoted technology companies on a worldwide basis</em>”.</p>



<p class="wp-block-paragraph">Primarily, though, the trust is focused on North America &#8212; a whopping 91% of its holdings are shares in US-listed companies. This means exposure to the technology sector&#8217;s leading players such as <strong>Nvidia</strong>, <strong>Microsoft</strong>, and <strong>Apple</strong>. Their strong records of innovation and deep pockets bode well for the trust looking ahead, though this does mean more concentration risk from a geographical view.</p>



<p class="wp-block-paragraph">On a more encouraging note, the trust is well spread by sub-sector. Software, semiconductors, communications, and consumer electronics help protect against weakness in one or two areas.</p>



<h2 class="wp-block-heading" id="h-can-they-keep-rising">Can they keep rising?</h2>



<p class="wp-block-paragraph">Previous form doesn&#8217;t guarantee future returns. However, I&#8217;m confident Pan African Resources and Allianz Technology shares can keep outperforming the broader FTSE 250.</p>



<p class="wp-block-paragraph">If they can reproduce the returns of the past five years, they could turn £20,000 invested in an ISA today into £106,921 by May 2031.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/05/04/these-ftse-250-stocks-could-turn-a-20k-isa-investment-into-106921/">These FTSE 250 stocks could turn a £20k ISA investment into £106,921</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>Meet the skyrocketing FTSE 250 stocks up by more than 300% in five years!</title>
                <link>https://www.twelfthmagpie.com/2026/04/14/meet-the-skyrocketing-ftse-250-stocks-up-by-more-than-300-in-five-years/</link>
                                <pubDate>Tue, 14 Apr 2026 14:07:54 +0000</pubDate>
                <dc:creator><![CDATA[Ben McPoland]]></dc:creator>
                		<category><![CDATA[Growth Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1674567</guid>
                                    <description><![CDATA[<p>These FTSE 250 stocks have delivered market-thrashing returns for shareholders in recent years. But are any still worth considering today?</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/04/14/meet-the-skyrocketing-ftse-250-stocks-up-by-more-than-300-in-five-years/">Meet the skyrocketing FTSE 250 stocks up by more than 300% in five years!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">The <strong>FTSE 250</strong> is a very diverse index containing a multitude of global businesses. We can see this just by looking at the three best-performing mid-cap stocks over the past five years. </p>



<p class="wp-block-paragraph"><strong>Pan African Resources</strong>&nbsp;(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>) leads the pack, with a market-crushing return of 797%. Next comes a huge 348% gain from <strong>TBC Bank Group</strong> (<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-tbcg/">LSE:TBCG</a>), while <strong>Goodwin</strong> (<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-gdwn/">LSE:GDWN</a>) narrowly gets bronze with 313%. Note, none of these returns include dividends!</p>



<p class="wp-block-paragraph">So, here we have an African-focused gold miner, an emerging markets bank (Georgia&#8217;s TBC), and family-run engineer Goodwin. An honourable mention should go to construction group <strong>Galliford Try</strong>, which has also returned around 312% over five years.</p>



<p class="wp-block-paragraph">What has driven these extraordinary gains?</p>


<div class="tmf-chart-singleseries" data-title="Pan African Resources Plc Price" data-ticker="LSE:PAF" data-range="5y" data-start-date="2021-04-14" data-end-date="2026-04-14" data-comparison-value=""></div>



<h2 class="wp-block-heading" id="h-benefiting-from-big-investing-trends">Benefiting from big investing trends</h2>



<p class="wp-block-paragraph">Pan African&#8217;s eye-popping gain can be summed up with one word: gold. </p>



<p class="wp-block-paragraph">As a <a href="https://www.twelfthmagpie.com/investing-basics/market-sectors/investing-in-gold-stocks-in-the-uk/">gold miner</a>, its profits are highly leveraged to the price of the yellow metal. And even after the recent pullback, gold is still up by roughly 175% in five years.</p>



<p class="wp-block-paragraph">When gold prices soar, a miner’s profits will often grow much faster than the price of the metal itself because extraction costs stay relatively fixed. As such, Pan African&#8217;s net profit has exploded from $44m in 2020 to an expected $470m this fiscal year (ending June). Wow!</p>



<p class="wp-block-paragraph">Meanwhile, Goodwin&#8217;s benefitting from the <a href="https://www.twelfthmagpie.com/investing-basics/market-sectors/investing-in-defence-stocks-in-the-uk/">defence</a> and nuclear renaissance. It makes high-integrity castings, particularly those that don’t melt under extremely high temperatures. Not many companies in the world specialise in these.&nbsp;&nbsp;</p>



<p class="wp-block-paragraph">Bottom-line profits have grown at an annualised rate of 25% since 2020. And Goodwin investors have enjoyed lots of dividends along the way.&nbsp;</p>



<h2 class="wp-block-heading" id="h-is-either-still-worth-considering">Is either still worth considering?</h2>



<p class="wp-block-paragraph">The last time I wrote about Goodwin (in October), I concluded that the stock looked too pricey. Back then, the price-to-earnings (P/E) ratio was 60 while the dividend yield was just 1.4%. </p>



<p class="wp-block-paragraph">Since then though, the Goodwin share price has crashed almost 40%. And now we have a P/E ratio of 24 and a 2.2% yield that may be worth considering.</p>


<div class="tmf-chart-singleseries" data-title="Goodwin Price" data-ticker="LSE:GDWN" data-range="5y" data-start-date="2021-04-14" data-end-date="2026-04-14" data-comparison-value=""></div>



<p class="wp-block-paragraph">Much of this loss came in a single day in March when Goodwin revealed it had lost two major tenders in its Mechanical Engineering division (worth about £60m). And it has delayed the dispatch of valves to some customers due to the Iran war. </p>



<p class="wp-block-paragraph">Taking a longer-term view, however, it should have plenty of growth options across the European nuclear, aerospace and defence sectors. After all, it has finally dawned on Europe that these things are actually rather important in a fragmenting international order.</p>



<p class="wp-block-paragraph">Pan African&#8217;s fate will, of course, be dictated by the gold price. Personally, I prefer <strong>Fresnillo</strong> from the <strong>FTSE 100</strong> as it mines silver too. But both stocks could tank if gold does.</p>



<h2 class="wp-block-heading" id="h-ultra-cheap-stock">Ultra-cheap stock</h2>



<p class="wp-block-paragraph">Turning to TBC, I&#8217;m more bullish on this bank stock. It&#8217;s trading at just 5.7 times forward earnings, while offering a 6.2% forecast dividend yield.</p>


<div class="tmf-chart-singleseries" data-title="TBC Bank Group Plc. Price" data-ticker="LSE:TBCG" data-range="5y" data-start-date="2021-04-14" data-end-date="2026-04-14" data-comparison-value=""></div>



<p class="wp-block-paragraph">Granted, any economic downturn in Georgia is a risk, while the political scene there is still on edge. But this economy is tipped to grow strongly for years, as is Uzbekistan&#8217;s (TBC&#8217;s second market).</p>



<p class="wp-block-paragraph">The lender is extremely profitable, benefitting from its duopolistic position in Georgia and an increasingly digital-first approach. Given the extremely low valuation, strong growth potential, and generous starting dividend yield, I think TBC stock is still worth looking at today.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/04/14/meet-the-skyrocketing-ftse-250-stocks-up-by-more-than-300-in-five-years/">Meet the skyrocketing FTSE 250 stocks up by more than 300% in five years!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>Here&#8217;s a red-hot passive income idea for an ISA for February!</title>
                <link>https://www.twelfthmagpie.com/2026/01/31/heres-a-red-hot-passive-income-idea-for-an-isa-for-february/</link>
                                <pubDate>Sat, 31 Jan 2026 07:03:00 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Dividend Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1640290</guid>
                                    <description><![CDATA[<p>Looking for the best passive income stocks to buy next month? Royston Wild examines a FTSE 250 share whose dividends are taking off right now.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/01/31/heres-a-red-hot-passive-income-idea-for-an-isa-for-february/">Here&#8217;s a red-hot passive income idea for an ISA for February!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">Is there a better way to target passive income than by buying dividend-paying shares? For me the answer&#8217;s an emphatic &#8216;no.&#8217; Once I&#8217;ve selected which income stocks to buy, the idea is I can sit back and watch the dividends flow in.</p>



<p class="wp-block-paragraph">Sudden shocks can slash the dividends paid by individual stocks. Yet with a diversified mix of income shares, investors can still enjoy a strong income even when one or two holdings fall short.</p>



<p class="wp-block-paragraph">Here&#8217;s one top <a href="https://www.twelfthmagpie.com/investing-basics/how-shares-are-taxed-2/how-dividends-are-taxed/" target="_blank" rel="noreferrer noopener">dividend</a> share I think demands further research in February. Read on to see what makes could make it worth serious consideration for a passive income portfolio.</p>



<h2 class="wp-block-heading" id="h-dividend-growth">Dividend growth</h2>



<p class="wp-block-paragraph">Dividends are surging at <strong>Pan African Resources </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>) as gold prices take off. This week it announced an interim dividend of 0.54745p per share, driven by a resurgent metal price and a sharp production increase (up 51% in the six months to December).</p>



<p class="wp-block-paragraph">For the full financial year to June, the gold stock&#8217;s tipped by analysts to pay a 3.2p per share total reward. As a consequence, its forward <a href="https://www.twelfthmagpie.com/investing-basics/how-to-value-shares/dividend-yield/" target="_blank" rel="noreferrer noopener">dividend yield</a> is 2.3%.</p>



<p class="wp-block-paragraph">So what&#8217;s so exciting about that, you ask? It isn&#8217;t, to put it simply. That yield&#8217;s even below the <strong>FTSE 250</strong> index&#8217;s broader average of 3.2%.</p>



<p class="wp-block-paragraph">But what really excites me is the possibility of rapidly growing dividends. To give a taste, Pan African&#8217;s expected to hike the full-year dividend to 4.73p per share in the next fiscal year, driving the yield to 3.3%.</p>



<h2 class="wp-block-heading" id="h-gold-rush">Gold rush</h2>



<p class="wp-block-paragraph">There are several reasons I&#8217;m confident dividends can keep storming higher. Gold prices continue to boom, hitting fresh records around $5,600 an ounce in recent days. Analysts are increasingly confident they can keep storming higher &#8212; the boffins at Wisdomtree have said bullion could reach $5,995 by Q4, if the Federal Reserve aggressively cuts interest rates and the US dollar sinks.</p>



<p class="wp-block-paragraph">Secondly, Pan African&#8217;s production is soaring. It&#8217;s on course for 275,0000 to 292,000 gold ounces this financial year, up from 197,000 last time out. Further out, group output could surge as its Mogale Tailings Retreatment (MTR) and Tennant Mines projects ramp up to full capacity.</p>



<p class="wp-block-paragraph">Finally, the gold producer is financially robust and in great shape to supercharge dividends. Net debt dropped 65% to $49.9m as of December, and the miner&#8217;s expecting to be debt free next month.</p>



<h2 class="wp-block-heading" id="h-what-could-go-wrong">What could go wrong?</h2>



<p class="wp-block-paragraph">As I said at the top, there&#8217;s no such thing as a guaranteed dividend. With Pan African Resources, shareholder payouts could miss analyst targets if gold prices head lower instead. They could also disappoint if the miner&#8217;s asset expansion plans hit trouble.</p>



<p class="wp-block-paragraph">Yet on balance, I&#8217;m confident the gold stock can hit current dividend forecasts. It&#8217;s also worth mentioning predicted payouts are covered between 4.5 times and six times by expected earnings through the next two years. This provides added protection in case earnings are blown off course.</p>



<p class="wp-block-paragraph">I think Pan African&#8217;s deserves serious attention as a passive income stock, and especially at current prices. Its price-to-earnings (P/E) ratio is a rock-bottom 9.9 times.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/01/31/heres-a-red-hot-passive-income-idea-for-an-isa-for-february/">Here&#8217;s a red-hot passive income idea for an ISA for February!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>1 of my favourite FTSE 250 bargain stocks right now!</title>
                <link>https://www.twelfthmagpie.com/2026/01/13/1-of-my-favourite-ftse-250-bargain-stocks-right-now/</link>
                                <pubDate>Tue, 13 Jan 2026 15:01:00 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>
		<category><![CDATA[Value Shares]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1633615</guid>
                                    <description><![CDATA[<p>Looking for the UK stock market's best value shares? Here's a FTSE 250 share Royston Wild is hoping to add to his ISA at the next opportunity.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/01/13/1-of-my-favourite-ftse-250-bargain-stocks-right-now/">1 of my favourite FTSE 250 bargain stocks right now!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">I love a good bargain, and despite the <strong>FTSE 250</strong>&#8216;s strong performance over the last year, it remains jam packed with them. Looking for low earnings multiples and market-beating dividend yields? Investors are spoilt for choice right now.</p>



<p class="wp-block-paragraph">Here is what I consider to be one of the index&#8217;s best cheap stocks right now. While I don&#8217;t hold shares in it today, I&#8217;m looking to add them to my portfolio in the coming weeks. Want to know why?</p>



<h2 class="wp-block-heading" id="h-going-for-gold">Going for gold</h2>



<p class="wp-block-paragraph"><strong>Pan African Resources </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>) shares have soared over the past year, driven by a booming gold price. With bullion&#8217;s bull run looking in great shape, I&#8217;m expected the gold stock to keep rising.</p>


<div class="tmf-chart-multipleseries" data-title="Pan African Resources Plc + SPDR Gold Shares Price" data-tickers="LSE:PAF NYSEMKT:GLD" data-range="5y" data-start-date="" data-end-date="" data-comparison-value="percent"></div>



<p class="wp-block-paragraph">There are many reasons to expect precious metals to strengthen, in my view. One that&#8217;s dominated again this week is uncertainty over the US Federal Reserve&#8217;s independence, which is rattling markets and weakening the US dollar. It propelled gold prices to new peaks near $4,635 an ounce.</p>



<p class="wp-block-paragraph">I&#8217;m expecting the US currency to keep slipping in 2026 and potentially beyond, making it increasingly cheaper to buy gold. Meanwhile, I expect the yellow metal to keep gaining as interest rates fall, boosting inflation, and as geopolitical instability increases across the globe.</p>



<h2 class="wp-block-heading" id="h-expanding-for-growth">Expanding for growth</h2>



<p class="wp-block-paragraph">Pan African Resources is well placed to capitalise on this fertile backdrop for gold. Its high-margin Mogale Tailings Retreatment (MTR) project in South Africa reached steady‑state production in 2024. And its Nobles asset at Tennant Mines in Australia is steadily ramping up following maiden production in 2025.</p>



<p class="wp-block-paragraph">Accordingly, the FTSE 250 firm expects to produce 275,0000 to 292,000 gold ounces this year. That&#8217;s up from 197,000 during fiscal 2025. Beyond the short term, Pan African has significant exploration potential &#8212; particularly in the Tennant Creek Mineral Field in Australia&#8217;s Northern Territory &#8212; and a strong balance sheet to support this.</p>



<p class="wp-block-paragraph">The beauty of holding gold stocks over physical metal or a gold-tracking <a href="https://www.twelfthmagpie.com/investing-basics/isas-and-investment-funds/exchange-traded-funds/" target="_blank" rel="noreferrer noopener">exchange-traded fund (ETF)</a> is the leverage factor. Investing in miners leaves individuals exposed to the unpredictable business of metals excavation. In this case, the share price could fall even if gold keeps rising if, for instance, the production ramp-up at Nobles hits problems.</p>



<h2 class="wp-block-heading" id="h-a-gold-plated-bargain">A gold-plated bargain</h2>



<p class="wp-block-paragraph">But the benefits of leveraged exposure can more than offset this. For instance, if gold prices rise 5%, a mining share&#8217;s profits could rise 15% to 20% as it earns more per ounce while costs remain relatively stable.</p>



<p class="wp-block-paragraph">This is why Pan African&#8217;s share price has risen 233% over the past year, eclipsing the 72% increase in gold prices.</p>



<p class="wp-block-paragraph">Despite these heady gains, the FTSE 250 miner still offers exceptional all-round value. At 122.4p per share, it trades on a forward <a href="https://www.twelfthmagpie.com/investing-basics/how-to-value-shares/pe-ratio/" target="_blank" rel="noreferrer noopener">price-to-earnings (P/E) ratio</a> of 8.6 times for this financial year (to June 2026).</p>



<p class="wp-block-paragraph">And for next year, Pan African&#8217;s earnings multiple drops to seven times. I think the company &#8212; promoted to the FTSE 250 from the <strong>AIM</strong> market in October &#8212; could be one of the UK&#8217;s hottest mining stocks.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/01/13/1-of-my-favourite-ftse-250-bargain-stocks-right-now/">1 of my favourite FTSE 250 bargain stocks right now!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>3 top FTSE 100 and FTSE 250 growth shares!</title>
                <link>https://www.twelfthmagpie.com/2026/01/06/3-top-ftse-100-and-ftse-250-growth-shares/</link>
                                <pubDate>Tue, 06 Jan 2026 15:01:00 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Growth Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1630145</guid>
                                    <description><![CDATA[<p>Royston Wild explains why these growth shares are worth serious consideration. Could they enjoy more spectacular price gains in 2026?</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/01/06/3-top-ftse-100-and-ftse-250-growth-shares/">3 top FTSE 100 and FTSE 250 growth shares!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">America&#8217;s <strong>S&amp;P 500</strong> isn&#8217;t the only place for UK investors to find great growth shares. The <strong>FTSE 100</strong> and <strong>FTSE 250</strong> indexes also have many great stocks with explosive earnings potential.</p>



<p class="wp-block-paragraph"><strong>Pan African Resources </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>), <strong>AJ Bell</strong> and <strong>Polar Capital Technology Trust</strong> are three that have caught my eye. Want to know what I think makes them top stocks to consider at the start of 2026?</p>



<h2 class="wp-block-heading" id="h-gold-star">Gold star</h2>



<p class="wp-block-paragraph">Gold looks like it could have further to climb after last year&#8217;s electrifying gains. So buying <a href="https://www.twelfthmagpie.com/investing-basics/market-sectors/investing-in-gold-stocks-in-the-uk/" target="_blank" rel="noreferrer noopener">gold stocks</a> could be a great option to think about, given their profits tend to rise more sharply than metal prices during bull markets.</p>



<p class="wp-block-paragraph">Pan African Resources is one gold producer tipped for further breakneck profits growth. Analysts expect earnings to soar 90% this financial year (to June 2026), and another 15% the following year.</p>



<p class="wp-block-paragraph">The company has ambitious production targets to capitalise on this favourable landscape. It&#8217;s on course for 275,0000 to 292,000 ounces this year, up  from 197,000 during fiscal 2025.</p>



<p class="wp-block-paragraph">So on balance, I&#8217;m expecting Pan African to add to 2025&#8217;s share price increases. It rose 263% over the year, outpacing the gold price, which rose a more modest (if still impressive) 65%.</p>


<div class="tmf-chart-singleseries" data-title="Pan African Resources Plc Price" data-ticker="LSE:PAF" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p class="wp-block-paragraph">I think it&#8217;s a top stock to consider, even though production setbacks are a constant danger that could hit its share price.</p>



<p class="wp-block-paragraph">Besides, today Pan African&#8217;s shares trade on a forward <a href="https://www.twelfthmagpie.com/investing-basics/how-to-value-shares/pe-ratio/" target="_blank" rel="noreferrer noopener">price-to-earnings (P/E) ratio</a> of just 8.7 times. This could limit any potential falls in the event of operational problems.</p>



<h2 class="wp-block-heading" id="h-accelerating-growth">Accelerating growth</h2>



<p class="wp-block-paragraph">AJ Bell&#8217;s another FTSE 250 share with bags of earnings potential. A rapidly ageing UK population, combined with rising interest in financial planning, is driving demand for retail investment experts like this.</p>



<p class="wp-block-paragraph">It&#8217;s why City analysts expect this company&#8217;s earnings to rise 5% this financial year (to September 2026). Despite the danger of high market competition, annual growth is tipped to double to 10% in financial 2027 too.</p>



<p class="wp-block-paragraph">AJ Bell&#8217;s October update showed customer numbers up 19% last year, propelling investment inflows and assets under management to record highs. I think there&#8217;s plenty of scope for further growth, helped by falling interest rates on savings accounts and Cash ISA changes.</p>



<h2 class="wp-block-heading" id="h-a-bargain-growth-stock">A bargain growth stock</h2>



<p class="wp-block-paragraph">Meanwhile, Polar Capital Technology Trust provides an indirect way for investors to harness the growth potential of US tech shares. In 2025 it enjoyed share price gains of 33%, powered by industry heavyweights like <strong>Nvidia</strong>, <strong>Apple</strong> and <strong>Alphabet</strong>.</p>


<div class="tmf-chart-singleseries" data-title="Polar Capital Technology Trust Price" data-ticker="LSE:PCT" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p class="wp-block-paragraph">So what&#8217;s the point of considering this FTSE 100 trust instead of US stocks directly, you may ask? One reason is the excellent diversification it offers. With 91 holdings, it provides great protection if one or two companies face difficulties.</p>



<p class="wp-block-paragraph">The second is that today the trust is at a low price. At 470.7p, it trades at a 10.2% discount to its net asset value (NAV) per share.</p>



<p class="wp-block-paragraph">It could experience turbulence if worries over a tech bubble rise again. But over the long term, I&#8217;m optimistic Polar Capital Technology can be one of the UK&#8217;s hottest growth shares.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/01/06/3-top-ftse-100-and-ftse-250-growth-shares/">3 top FTSE 100 and FTSE 250 growth shares!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>What&#8217;s next for the best-performing FTSE 250 stock of 2025?</title>
                <link>https://www.twelfthmagpie.com/2026/01/05/whats-next-for-the-best-performing-ftse-250-stock-of-2025/</link>
                                <pubDate>Mon, 05 Jan 2026 07:43:30 +0000</pubDate>
                <dc:creator><![CDATA[Mark Hartley]]></dc:creator>
                		<category><![CDATA[Growth Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1628814</guid>
                                    <description><![CDATA[<p>Pan African Resources soared to record highs in 2025, fuelled by gold demand. But will a shifting economic climate spell trouble for the FTSE 250 miner?</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/01/05/whats-next-for-the-best-performing-ftse-250-stock-of-2025/">What&#8217;s next for the best-performing FTSE 250 stock of 2025?</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">Back in 2023, <strong>Pan African Resources</strong> (<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE: PAF</a>) wasn&#8217;t part of the <strong>FTSE 250</strong>. In fact, it was little more than a penny stock, trading at around 11p a share. Fast forward a few years and the company&#8217;s leading the UK&#8217;s mid-cap index by price performance. At 121p a share, it&#8217;s up over 250% in the past 12 months.</p>



<p class="wp-block-paragraph">I&#8217;ll admit, mining isn&#8217;t a sector I pay much attention to as the potential volatility is outside of my usual risk tolerance. Still, it&#8217;s fair to say I regret missing this once-in-a-lifetime opportunity. So for those investors who did get in on the action, the question is: will it keep climbing, or is it time to cash in?</p>



<p class="wp-block-paragraph">Let&#8217;s take a closer look.</p>


<div class="tmf-chart-singleseries" data-title="Pan African Resources Plc Price" data-ticker="LSE:PAF" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<h2 class="wp-block-heading" id="h-the-gold-factor">The gold factor</h2>



<p class="wp-block-paragraph">Last year (2025) saw an historic 65% gold price rally, the strongest annual gain since 1979. But that alone wasn&#8217;t the only factor that drove Pan African&#8217;s success. The company compounded its gains with aggressive cost management and strategic execution of transformative production expansion projects.</p>



<p class="wp-block-paragraph">Now, as the company prepares for 2026, the sustainability of these gains depends heavily on gold price stability &#8212; a variable beyond management control. Success hinges on how well it can weather the increasing likelihood of a gold price correction.&nbsp;</p>



<h2 class="wp-block-heading" id="h-operational-strength">Operational strength</h2>



<p class="wp-block-paragraph">In 2025, Pan African&#8217;s revenue surged 44.5% to $540m while profit nearly doubled 78.4% to $140.6m. That was largely driven by a 35.7% increase in the average gold price to $2,730 per ounce. But more importantly, the company achieved a <a href="https://www.twelfthmagpie.com/investing-basics/understanding-company-accounts/the-profit-and-loss-account/" target="_blank" rel="noreferrer noopener">profit margin</a> of 70.9% on AISC (all-in sustaining costs), compared to just 32.8% in FY2024 &#8212; a dramatic expansion of earning power.</p>



<p class="wp-block-paragraph">Operationally, Pan African commissioned two major projects ahead of schedule. The Mogale Tailings Retreatment (MTR) plant contributed 22,000 ounces of low-cost production in H2 FY2025, and Tennant Mines in Australia achieved its first gold pour in May.</p>



<p class="wp-block-paragraph">This positioned the company for 40% production growth to around 285,000 ounces in FY2026. With AISC expected to fall to around $1,500 per ounce while production scales, the company could be entering a period of exceptional profitability &#8212; if gold prices hold.</p>



<p class="wp-block-paragraph">This is where the investment thesis becomes precarious. Analyst gold <a href="https://www.twelfthmagpie.com/investing-basics/understanding-the-market/broker-forecasts/" target="_blank" rel="noreferrer noopener">forecasts</a> for 2026 range from bearish ($3,360) to ultra-bullish ($5,000), with meaningful probability assigned to each outcome. The World Gold Council identifies a 20% probability of a 5%-20% correction if the Trump administration&#8217;s policies succeed, triggering higher interest rates and USD strength.</p>



<p class="wp-block-paragraph">Some fear this scenario could push gold below $4,000. On the bullish side, continued geopolitical risk and Fed rate cuts could support a push towards $4,800 or higher.</p>



<h2 class="wp-block-heading" id="h-my-verdict">My verdict</h2>



<p class="wp-block-paragraph">This is a classic risk/reward play. For existing shareholders, locking in gains couldn&#8217;t hurt &#8212; but there may be more to come. For new investors, there&#8217;s a chance it could go either way.</p>



<p class="wp-block-paragraph">In my opinion, what matters most is how well the company has exhibited operational efficiency in 2025. When thinking long-term, that&#8217;s what to look for in a company. Whether gold dips or not, I think Pan African Resources is a stock worth considering as a long-term gold play.</p>



<p class="wp-block-paragraph">If it continues to operate with the same strength it exhibited in 2025, it could one day be a major <strong>FTSE 100</strong> miner.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2026/01/05/whats-next-for-the-best-performing-ftse-250-stock-of-2025/">What&#8217;s next for the best-performing FTSE 250 stock of 2025?</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>Forget the FTSE! Consider these 3 stocks for a 2026 market rally</title>
                <link>https://www.twelfthmagpie.com/2025/12/25/forget-the-ftse-consider-these-3-stocks-for-a-2026-market-rally/</link>
                                <pubDate>Thu, 25 Dec 2025 07:06:00 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Investing Articles]]></category>
		<category><![CDATA[Investing For Beginners]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1621073</guid>
                                    <description><![CDATA[<p>2025 has been an excellent year for the London stock market. Could 2026 be an even bigger one for UK shares? Royston Wild investigates.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2025/12/25/forget-the-ftse-consider-these-3-stocks-for-a-2026-market-rally/">Forget the FTSE! Consider these 3 stocks for a 2026 market rally</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">The UK stock market has enjoyed blistering gains in 2025, and is on course for its best year since 2013. Up 18% since 1 January, the <strong>FTSE 100</strong>&#8216;s strode to new peaks just below 10,000 points. The <strong>FTSE 250</strong> has risen a healthy 8%.</p>



<p class="wp-block-paragraph">UK shares have easily outperformed their peers in other developed markets, including the US. And yet London-listed companies still look dirt cheap on the whole.</p>



<p class="wp-block-paragraph">Alex Wright, portfolio manager at Fidelity, notes that &#8220;<em>UK equities still trade at a meaningful discount to global peers</em>&#8220;. Could that discount be the catalyst for another powerful rally in 2026?</p>



<h2 class="wp-block-heading" id="h-time-to-shine-again">Time to shine (again)?</h2>



<p class="wp-block-paragraph">Though noting that UK shares enter 2026, &#8220;<em>from a position of strength</em>&#8220;, Wright commented that London-listed shares still trade at a healthy discount &#8220;<em>both on outright price to earnings multiples and after adjusting for structural sector differences, such as the heavy weighting of technology in US indices</em>&#8220;.</p>



<p class="wp-block-paragraph">Interestingly, Wright added that many of the domestic stock market&#8217;s value opportunities can be found &#8220;<em>further down the market cap spectrum</em>&#8220;.</p>



<p class="wp-block-paragraph">Accordingly, he said that &#8220;<em>our strategies maintain a structural bias towards these smaller and mid-sized businesses, as these businesses are typically less well known to investors and often receive limited and artificial coverage</em>&#8221; by brokers.</p>



<p class="wp-block-paragraph">So is now the time to consider focusing on small- and mid-caps? </p>



<h2 class="wp-block-heading" id="h-value-hero">Value hero</h2>



<p class="wp-block-paragraph">I personally think a blend of <a href="https://www.twelfthmagpie.com/personal-finance/share-dealing/guides/what-is-the-ftse-100/" target="_blank" rel="noreferrer noopener">FTSE 100</a> and other UK shares is a good way to balance risk and potential reward. But let&#8217;s look at some of those lessen-known heroes and consider why they could outperform in 2026.</p>



<p class="wp-block-paragraph"><strong>Pan African Resources </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>) has risen 211% this year, driven by a robust gold price and strong operational performances. Yet it still looks dirt cheap on paper, trading on a <a href="https://www.twelfthmagpie.com/investing-basics/how-to-value-shares/pe-ratio/" target="_blank" rel="noreferrer noopener">price-to-earnings (P/E) ratio</a> of 7.8 times.</p>



<p class="wp-block-paragraph">A stalling or falling bullion price could naturally have an adverse impact on the miner&#8217;s price next year. But I&#8217;m confident gold prices should keep climbing as interest rates drop, and macroeconomic and geopolitical uncertainty persist.</p>



<p class="wp-block-paragraph"><strong>JP Morgan </strong>predicts the yellow metal will reach $5,055 an ounce by this time next year &#8212; up from $4,330 currently &#8212; before marching to $5,400 at the end of 2027.</p>



<p class="wp-block-paragraph">Pan African&#8217;s supercharging production to capitalise on this environment, too. It&#8217;s targeting full-year output of 275,0000-292,000 ounces next year, up from 197,000 ounces in 2025.</p>



<h2 class="wp-block-heading" id="h-more-cheap-stocks">More cheap stocks</h2>


<div class="tmf-chart-multipleseries" data-title="Pan African Resources Plc + Topps Tiles + Lion Finance Group Plc Price" data-tickers="LSE:PAF LSE:TPT LSE:BGEO" data-range="5y" data-start-date="" data-end-date="" data-comparison-value="percent"></div>



<p class="wp-block-paragraph"><strong>Topps Tiles </strong>&#8212; which has risen 20% year to date &#8212; also looks cheap, with a forward P/E ratio of 10.4. Competition is intense across its markets, but with interest rates falling and mortgage lenders slashing loan costs, sales volumes could surge as the housing market improves.</p>



<p class="wp-block-paragraph">I also like <strong>Lion Finance</strong>, which carries a forward P/E of 6.9. I think 2026 could mark another year of strong progress as &#8212; despite rising political risks &#8212; Georgia&#8217;s booming economy continues to turbocharge loan growth.</p>



<p class="wp-block-paragraph">The emerging market bank&#8217;s almost doubled in value this year.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2025/12/25/forget-the-ftse-consider-these-3-stocks-for-a-2026-market-rally/">Forget the FTSE! Consider these 3 stocks for a 2026 market rally</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                            <item>
                                <title>Prediction: analysts say this growth stock will surge 19% in a year!</title>
                <link>https://www.twelfthmagpie.com/2025/10/17/prediction-analysts-say-this-growth-stock-will-surge-19-in-a-year/</link>
                                <pubDate>Fri, 17 Oct 2025 08:59:56 +0000</pubDate>
                <dc:creator><![CDATA[Royston Wild]]></dc:creator>
                		<category><![CDATA[Growth Shares]]></category>
		<category><![CDATA[Investing Articles]]></category>

                <guid isPermaLink="false">https://www.twelfthmagpie.com/?p=1589129</guid>
                                    <description><![CDATA[<p>This top growth stock has risen more than 160% in value over the last year. Royston Wild explains why it looks on course to keep rising.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2025/10/17/prediction-analysts-say-this-growth-stock-will-surge-19-in-a-year/">Prediction: analysts say this growth stock will surge 19% in a year!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p class="wp-block-paragraph">2025 has been another spectacular year for gold prices. The yellow metal&#8217;s bull run stretches back years and &#8212; if City analysts are right &#8212; has plenty more gains to make. It&#8217;s why <a href="https://www.twelfthmagpie.com/investing-basics/market-sectors/investing-in-gold-stocks-in-the-uk/" target="_blank" rel="noreferrer noopener">gold producers</a> are considered by some to be among the hottest in the growth stock category.</p>



<p class="wp-block-paragraph">Take <strong>Pan African Resources </strong>(<a class="tickerized-link" href="https://www.twelfthmagpie.com/tickers/lse-paf/">LSE:PAF</a>), whose shares have leapt 164% in value during the past 12 months. With production rising and gold hitting high after high, the number crunchers are unanimous in their opinion of further explosive price gains.</p>



<figure class="wp-block-image size-full"><img fetchpriority="high" decoding="async" width="1200" height="422" src="https://www.twelfthmagpie.com/wp-content/uploads/2025/10/Screenshot-2025-10-13-at-17-41-08-PAF-Forecast-—-Price-Target-—-Prediction-for-2026-—-TradingView-1200x422.png" alt="Price forecasts for gold-producing growth stock Pan African Resources" class="wp-image-1589133" /><figcaption class="wp-element-caption"><em>Source: TradingView</em></figcaption></figure>



<p class="wp-block-paragraph">The most bullish forecast suggests Pan African&#8217;s share price will rise another 19% over the next year, to 112p per share. The average estimate among brokers is a lower 108.6p, but that still represents a healthy 15% increase.</p>



<p class="wp-block-paragraph">That may seem like small potatoes given the gold stock&#8217;s enormous returns of the last year. But it&#8217;s not to be baulked at, in my view. Based on the City&#8217;s share price and dividend projections combined, investors could enjoy a tasty 19% total return over the next 12 months.</p>



<p class="wp-block-paragraph">I think Pan African could deliver even better returns that this.</p>



<h2 class="wp-block-heading" id="h-gold-shines">Gold shines</h2>


<div class="tmf-chart-singleseries" data-title="Pan African Resources Plc Price" data-ticker="LSE:PAF" data-range="5y" data-start-date="" data-end-date="" data-comparison-value=""></div>



<p class="wp-block-paragraph">One reason is that broker forecasts have consistently failed to keep up with gold&#8217;s breathtaking price gains. <strong>HSBC </strong>analysts as recently as June tipped the precious metal to trade between $3,100 and $3,600 per ounce for the remainder of 2025.</p>



<p class="wp-block-paragraph">Yet gold breached the upper end of that range just three months later and have since hit record peaks above $4,300 per ounce. To be fair, HSBC analysts aren&#8217;t the only ones to be caught cold by gold&#8217;s stunning rise.</p>



<p class="wp-block-paragraph">Of course there&#8217;s no guarantee that gold&#8217;s price can keep up this pace. But accelerating demand from retail investors and strong central bank purchasing suggests further strength is possible. I feel the economic factors fuelling gold&#8217;s stunning rise &#8212; from tariff uncertainty and rising inflation, to ongoing US dollar weakness &#8212; should continue to play out.</p>



<h2 class="wp-block-heading" id="h-a-dirt-cheap-growth-share">A dirt cheap growth share</h2>



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th><strong>Financial year to June&#8230;</strong></th><th><strong>Annual growth</strong></th><th><a href="https://www.twelfthmagpie.com/investing-basics/how-to-value-shares/pe-ratio/" target="_blank" rel="noreferrer noopener"><strong>Price-to-earnings (P/E) ratio</strong></a></th><th><strong>Price-to-earnings growth </strong><br><strong>(PEG) ratio</strong></th></tr></thead><tbody><tr><td>2026</td><td>60%</td><td>8.2 times</td><td>0.1</td></tr><tr><td>2027</td><td>16%</td><td>7.1 times</td><td>0.5</td></tr></tbody></table></figure>



<p class="wp-block-paragraph">These forecasts point to strong, double-digit earnings growth for Pan African Resources. Broker estimates are never guaranteed, though, and the business could disappoint even if gold keeps rising.</p>



<p class="wp-block-paragraph">Mining is a famously hard and unpredictable business, and profits can slump if operational issues occur. But having said that, Pan African&#8217;s strong record on the ground helps soothe any fears I have on this front. Production rose 6% in financial 2025, to 196,527 ounces, thanks in large part to its Mogale Tailings Retreatment (MTR) project being ramped up ahead of schedule.</p>



<p class="wp-block-paragraph">Despite the gold miner&#8217;s impressive price gains, it still looks cheap in my opinion. I don&#8217;t think those low P/E and PEG ratios reflect its operational resilience and great growth potential, and reckon it&#8217;s a top stock to consider right now.</p>
<p>The post <a href="https://www.twelfthmagpie.com/2025/10/17/prediction-analysts-say-this-growth-stock-will-surge-19-in-a-year/">Prediction: analysts say this growth stock will surge 19% in a year!</a> appeared first on <a href="https://www.twelfthmagpie.com">The Twelfth Magpie</a>.</p>
]]></content:encoded>
                                                                                                                    </item>
                    </channel>
</rss>
