Avocet Mining Stock Rating Lowered by Numis Securities Ltd (AVM)
Avocet Mining (LON:AVM) was downgraded by equities researchers at Numis Securities Ltd to a “hold” rating in a research report issued on Monday, AnalystRatings.NET reports. They currently have a GBX 9 ($0.15) price objective on the stock, down from their previous price objective of GBX 22 ($0.36). Numis Securities Ltd’s target price points to a potential upside of 12.08% from the stock’s previous close.
Avocet Mining (LON:AVM) opened at 8.2024 on Monday. Avocet Mining has a 52 week low of GBX 6.50 and a 52 week high of GBX 70.25. The stock has a 50-day moving average of GBX 11.53 and a 200-day moving average of GBX 13.13. The company’s market cap is £16.3 million.
AVM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity downgraded shares of Avocet Mining to a “sell” rating in a research note to investors on Monday, January 6th. They now have a GBX 6 ($0.10) price target on the stock, down previously from GBX 24 ($0.40). Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Avocet Mining in a research note to investors on Thursday, January 2nd. They now have a GBX 28 ($0.46) price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 18.03 ($0.30).
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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