Avocet Mining Receives Sell Rating from Canaccord Genuity (AVM)
Avocet Mining (LON:AVM)‘s stock had its “sell” rating restated by equities research analysts at Canaccord Genuity in a research note issued to investors on Wednesday, American Banking and Market News reports. They currently have a GBX 6 ($0.10) target price on the stock. Canaccord Genuity’s target price indicates a potential downside of 32.58% from the stock’s previous close.
A number of other firms have also recently commented on AVM. Analysts at Numis Securities Ltd downgraded shares of Avocet Mining to a “hold” rating in a research note to investors on Monday. They now have a GBX 9 ($0.15) price target on the stock, down previously from GBX 22 ($0.36). 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. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Avocet Mining in a research note to investors on Thursday, October 31st. 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 stock currently has a consensus rating of “Hold” and a consensus target price of GBX 18.03 ($0.30).
Shares of Avocet Mining (LON:AVM) traded up 3.73% during mid-day trading on Wednesday, hitting GBX 8.90. The stock had a trading volume of 218,094 shares. Avocet Mining has a 52-week low of GBX 6.50 and a 52-week high of GBX 67.75. The stock’s 50-day moving average is GBX 11.06 and its 200-day moving average is GBX 13.24. The company’s market cap is £17.7 million.
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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