Amara Mining Plc Stock Rating Reaffirmed by Westhouse Securities (AMA)
Amara Mining Plc (LON:AMA)‘s stock had its “buy” rating reaffirmed by equities researchers at Westhouse Securities in a research report issued on Tuesday, American Banking News reports. They currently have a GBX 50 ($0.78) price objective on the stock, down from their previous price objective of GBX 60 ($0.94). Westhouse Securities’ price target would indicate a potential upside of 177.78% from the company’s current price.
AMA has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Amara Mining Plc (LON:AMA) in a research note to investors on Tuesday, August 27th. They now have a GBX 30 ($0.47) price target on the stock, down previously from GBX 40 ($0.63). Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Amara Mining Plc (LON:AMA) in a research note to investors on Wednesday, July 10th. They now have a GBX 40 ($0.63) price target on the stock, down previously from GBX 80 ($1.25).
Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Amara Mining Plc presently has a consensus rating of “Buy” and a consensus price target of GBX 51.41 ($0.80).
Amara Mining Plc (LON:AMA) traded down 7.69% on Tuesday, hitting GBX 18.00. 3,713,931 shares of the company’s stock traded hands. Amara Mining Plc has a one year low of GBX 8.80 and a one year high of GBX 91.674. The stock has a 50-day moving average of GBX 15.81 and a 200-day moving average of GBX 23.00.
Amara Mining plc, formerly Cluff Gold plc, is a gold mining and exploration company. The Company is engaged in the acquisition, exploration, development and operation of gold mines and deposits in West Africa.
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