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Equities researchers at Deutsche Bank dropped their price target on shares of African Minerals Limited (LON:AMI) from GBX 316 ($5.31) to GBX 249 ($4.19) in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 223.58% from the stock’s previous close.

African Minerals Limited (LON:AMI) traded down 6.16% on Friday, hitting GBX 76.9526. The stock had a trading volume of 4,634,034 shares. African Minerals Limited has a one year low of GBX 73.25 and a one year high of GBX 251.75. The stock has a 50-day moving average of GBX 110.3 and a 200-day moving average of GBX 153.5.

AMI has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of African Minerals Limited in a research note on Monday, June 2nd. They now have a GBX 230 ($3.87) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of African Minerals Limited in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 248 ($4.17).

African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.

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