African Minerals Group’s Buy Rating Reaffirmed at Deutsche Bank (AMI)
African Minerals Group (LON:AMI)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 423 ($6.79) price target on the stock. Deutsche Bank’s price objective suggests a potential upside of 126.99% from the stock’s previous close.
Shares of African Minerals Group (LON:AMI) traded down 5.17% during mid-day trading on Tuesday, hitting GBX 186.35. 1,794,328 shares of the company’s stock traded hands. African Minerals Group has a 52 week low of GBX 149.50 and a 52 week high of GBX 362.75. The stock’s 50-day moving average is GBX 196.4 and its 200-day moving average is GBX 220.9.
A number of other firms have also recently commented on AMI. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of African Minerals Group in a research note to investors on Monday. They now have a GBX 330 ($5.29) price target on the stock. Separately, 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). Finally, 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). One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 298.09 ($4.78).
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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