African Minerals Group Receives “Buy” Rating from Investec (AMI)
African Minerals Group (LON:AMI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Investec in a research note issued to investors on Thursday, Analyst Ratings News reports. They currently have a GBX 246 ($4.05) price objective on the stock. Investec’s target price indicates a potential upside of 14.56% from the company’s current price.
African Minerals Group (LON:AMI) traded up 2.26% during mid-day trading on Thursday, hitting GBX 214.7432. The stock had a trading volume of 1,774,870 shares. African Minerals Group has a 1-year low of GBX 149.50 and a 1-year high of GBX 352.905. The stock’s 50-day moving average is GBX 194.6 and its 200-day moving average is GBX 198.3.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of African Minerals Group in a research note to investors on Tuesday. They now have a GBX 200 ($3.30) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of African Minerals Group in a research note to investors on Monday. They now have a GBX 410 ($6.76) price target on the stock. Finally, analysts at Barclays raised their price target on shares of African Minerals Group from GBX 220 ($3.63) to GBX 230 ($3.79) in a research note to investors on Friday, January 10th. They now have an “underweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 299.69 ($4.94).
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.