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African Minerals Limited (LON:AMI) has been given an average rating of “Buy” by the thirteen analysts that are currently covering the company, American Banking News reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 226.18 ($3.85).

Several analysts have recently commented on the stock. Analysts at Investec cut their price target on shares of African Minerals Limited from GBX 189 ($3.22) to GBX 129 ($2.20) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of African Minerals Limited from GBX 200 ($3.40) to GBX 120 ($2.04) in a research note on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of African Minerals Limited from GBX 250 ($4.25) to GBX 150 ($2.55) in a research note on Friday, June 20th. They now have a “buy” rating on the stock.

Shares of African Minerals Limited (LON:AMI) opened at 70.25 on Friday. African Minerals Limited has a 1-year low of GBX 67.25 and a 1-year high of GBX 251.75. The stock has a 50-day moving average of GBX 97.4 and a 200-day moving average of GBX 145.6.

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

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