African Minerals Limited Given “Buy” Rating at Citigroup Inc. (AMI)
African Minerals Limited (LON:AMI)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a GBX 190 ($3.26) target price on the stock. Citigroup Inc.’s target price would indicate a potential upside of 122.88% from the company’s current price.
A number of other firms have also recently commented on AMI. Analysts at Investec reiterated a “buy” rating on shares of African Minerals Limited in a research note on Thursday. Finally, analysts at Credit Suisse cut their price target on shares of African Minerals Limited from GBX 200 ($3.43) to GBX 120 ($2.06) in a research note on Monday, June 23rd. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 235.90 ($4.05).
Shares of African Minerals Limited (LON:AMI) traded down 5.59% during mid-day trading on Monday, hitting GBX 79.3074. 3,562,452 shares of the company’s stock traded hands. African Minerals Limited has a one year low of GBX 66.75 and a one year high of GBX 251.75. The stock has a 50-day moving average of GBX 86.89 and a 200-day moving average of GBX 139.2.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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