Amara Mining Plc Price Target Cut to GBX 30 by Analysts at Numis Securities Ltd (AMA)
Equities research analysts at Numis Securities Ltd cut their target price on shares of Amara Mining Plc (LON:AMA) from GBX 45 ($0.74) to GBX 30 ($0.49) in a research note issued to investors on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s target price indicates a potential upside of 94.17% from the company’s current price.
Amara Mining Plc (LON:AMA) opened at 15.51 on Monday. Amara Mining Plc has a 52 week low of GBX 8.80 and a 52 week high of GBX 60.75. The stock’s 50-day moving average is GBX 13.82 and its 200-day moving average is GBX 14.55.
A number of other firms have also recently commented on AMA. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Amara Mining Plc in a research note to investors on Wednesday, January 8th. They now have a GBX 40 ($0.66) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Amara Mining Plc in a research note to investors on Friday, December 20th. They now have a GBX 32 ($0.53) price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 43.17 ($0.71).
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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