African Minerals Group Receives “Buy” Rating from Deutsche Bank (AMI)
African Minerals Group (LON:AMI)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, AnalystRatingsNetwork reports. They currently have a GBX 414 ($6.82) price target on the stock. Deutsche Bank’s price objective points to a potential upside of 137.40% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of African Minerals Group in a research note to investors on Friday. They now have a GBX 246 ($4.05) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of African Minerals Group in a research note to investors on Tuesday, January 14th. They now have a GBX 200 ($3.30) price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 300 ($4.94).
Shares of African Minerals Group (LON:AMI) traded down 5.10% on Monday, hitting GBX 174.3857. 7,328,898 shares of the company’s stock traded hands. African Minerals Group has a 52-week low of GBX 149.50 and a 52-week high of GBX 352.905. The stock has a 50-day moving average of GBX 195.1 and a 200-day moving average of GBX 198.8.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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