African Minerals Limited Price Target Cut to GBX 295 (AMI)
Equities research analysts at Canaccord Genuity decreased their price target on shares of African Minerals Limited (LON:AMI) from GBX 370 ($6.19) to GBX 295 ($4.94) in a research note issued to investors on Monday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 124.70% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Edison Group reiterated a “positive” rating on shares of African Minerals Limited in a research note on Monday, April 7th. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of African Minerals Limited in a research note on Friday, April 4th. They now have a GBX 250 ($4.18) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of African Minerals Limited from GBX 382 ($6.39) to GBX 335 ($5.60) in a research note on Friday, April 4th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. African Minerals Limited presently has a consensus rating of “Buy” and a consensus target price of GBX 265.67 ($4.44).
African Minerals Limited (LON:AMI) opened at 125.375 on Monday. African Minerals Limited has a one year low of GBX 127.50 and a one year high of GBX 268.00. The stock’s 50-day moving average is GBX 146.8 and its 200-day moving average is GBX 180.9.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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