Canaccord Genuity Lowers Amara Mining Plc Price Target to GBX 25 (AMA)
Investment analysts at Canaccord Genuity lowered their price objective on shares of Amara Mining Plc (LON:AMA) from GBX 32 ($0.53) to GBX 25 ($0.41) in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 63.93% from the company’s current price.
Amara Mining Plc (LON:AMA) remained flat at GBX 15.25 during trading on Wednesday. 528,318 shares of the company’s stock traded hands. Amara Mining Plc has a 52-week low of GBX 8.80 and a 52-week high of GBX 60.50. The stock has a 50-day moving average of GBX 13.90 and a 200-day moving average of GBX 14.5.
A number of other firms have also recently commented on AMA. Analysts at Numis Securities Ltd cut their price target on shares of Amara Mining Plc from GBX 45 ($0.74) to GBX 30 ($0.49) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Amara Mining Plc in a research note to investors on Wednesday, December 18th. They now have a GBX 40 ($0.66) price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Amara Mining Plc presently has a consensus rating of “Buy” and a consensus target price of GBX 41.77 ($0.69).
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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