Amara Mining Plc PT Raised to GBX 45 at Numis Securities Ltd (AMA)
Analysts at Numis Securities Ltd raised their price objective on shares of Amara Mining Plc (LON:AMA) from GBX 40 ($0.63) to GBX 45 ($0.70) in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 150.00% from the company’s current price.
A number of other firms have also recently commented on AMA. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Amara Mining Plc (LON:AMA) in a research note to investors on Tuesday. They now have a GBX 30 ($0.47) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Amara Mining Plc (LON:AMA) in a research note to investors on Tuesday. They now have a GBX 50 ($0.78) price target on the stock, down previously from GBX 60 ($0.94).
Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Amara Mining Plc presently has an average rating of “Buy” and a consensus price target of GBX 52.12 ($0.81).
Shares of Amara Mining Plc (LON:AMA) opened at 18.325 on Wednesday. Amara Mining Plc has a 1-year low of GBX 8.80 and a 1-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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