African Minerals Limited Price Target Lowered to GBX 150 at Canaccord Genuity (AMI)
Equities researchers at Canaccord Genuity lowered their price objective on shares of African Minerals Limited (LON:AMI) from GBX 170 ($2.86) to GBX 150 ($2.52) in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 230.32% from the company’s current price.
AMI has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of African Minerals Limited in a research note on Friday. They now have a GBX 130 ($2.19) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of African Minerals Limited in a research note on Wednesday. They now have a GBX 241 ($4.06) price target on the stock. One analyst has rated the stock with a sell rating, two have given 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 price target of GBX 218.64 ($3.68).
Shares of African Minerals Limited (LON:AMI) traded down 3.38% on Friday, hitting GBX 45.4111. The stock had a trading volume of 5,576,418 shares. African Minerals Limited has a 52 week low of GBX 42.50 and a 52 week high of GBX 247.00. The stock has a 50-day moving average of GBX 69.35 and a 200-day moving average of GBX 118.7.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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