Avocet Mining Given “Hold” Rating at Canaccord Genuity (AVM)
Avocet Mining (LON:AVM)‘s stock had its “hold” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 18 ($0.29) price target on the stock. Canaccord Genuity’s price objective points to a potential upside of 22.03% from the stock’s previous close.
Avocet Mining (LON:AVM) opened at 13.85 on Wednesday. Avocet Mining has a one year low of GBX 6.50 and a one year high of GBX 88.50. The stock’s 50-day moving average is GBX 16.52 and its 200-day moving average is GBX 14.36. The company’s market cap is £27.6 million.
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Avocet Mining in a research note to investors on Wednesday. They now have a GBX 28 ($0.45) price target on the stock. Separately, analysts at Investec upgraded shares of Avocet Mining from a “sell” rating to a “hold” rating in a research note to investors on Thursday, August 15th. They now have a GBX 12.10 ($0.19) price target on the stock, up previously from GBX 8.30 ($0.13). Finally, analysts at Numis Securities Ltd raised their price target on shares of Avocet Mining from GBX 17 ($0.27) to GBX 22 ($0.35) in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 22.92 ($0.37).
Avocet Mining PLC (LON:AVM) is a West African gold mining and exploration company with its primary operations in Burkina Faso and Guinea.
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