African Minerals Group Rating Reiterated by Credit Suisse (AMI)
African Minerals Group (LON:AMI)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday, American Banking News reports. They currently have a GBX 350 ($5.47) target price on the stock. Credit Suisse’s price target would indicate a potential upside of 79.03% from the company’s current price.
A number of other analysts have also recently weighed in on AMI. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of African Minerals Group (LON:AMI) in a research note to investors on Wednesday. They now have a GBX 250 ($3.91) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of African Minerals Group (LON:AMI) in a research note to investors on Wednesday. They now have a GBX 410 ($6.41) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of African Minerals Group (LON:AMI) in a research note to investors on Wednesday.
One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 398.75 ($6.23).
African Minerals Group (LON:AMI) traded down 13.55% during mid-day trading on Wednesday, hitting GBX 169.00. 11,680,862 shares of the company’s stock traded hands. African Minerals Group has a 52 week low of GBX 177.00 and a 52 week high of GBX 362.75. The stock’s 50-day moving average is GBX 211. and its 200-day moving average is GBX 226.7.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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