Archipelago Resources PLC Downgraded to “Sell” at Canaccord Genuity (AR.)
Archipelago Resources PLC (LON:AR.) was downgraded by investment analysts at Canaccord Genuity from a “buy” rating to a “sell” rating in a note issued to investors on Friday, StockRatingsNetwork reports. They currently have a GBX 58 ($0.93) price objective on the stock, up from their previous price objective of GBX 54 ($0.86).
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Archipelago Resources PLC (LON:AR.) in a research note to investors on Friday. They now have a GBX 71 ($1.14) price target on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Archipelago Resources PLC (LON:AR.) in a research note to investors on Friday, August 9th.
Archipelago Resources Plc is engaged in acquiring, exploring, developing and mine gold and other precious metal deposit in South East Asia.
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