African Minerals Group Given “Buy” Rating at Citigroup Inc. (AMI)
African Minerals Group (LON:AMI)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Monday, Analyst Ratings Network reports. They currently have a GBX 330 ($5.29) target price on the stock. Citigroup Inc.’s price target suggests a potential upside of 61.09% from the company’s current price.
AMI has been the subject of a number of other recent research reports. Analysts at Credit Suisse downgraded shares of African Minerals Group from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a GBX 280 ($4.49) price target on the stock, down previously from GBX 350 ($5.62). Separately, analysts at Merrill Lynch upgraded shares of African Minerals Group from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 27th. They now have a GBX 310 ($4.97) price target on the stock, up previously from GBX 205 ($3.29). Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of African Minerals Group in a research note to investors on Friday, September 27th. They now have a GBX 310 ($4.97) price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 298.09 ($4.78).
African Minerals Group (LON:AMI) opened at 202.75 on Monday. African Minerals Group has a 52 week low of GBX 149.50 and a 52 week high of GBX 362.75. The stock has a 50-day moving average of GBX 196.4 and a 200-day moving average of GBX 220.9.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.