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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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