African Minerals Limited Receives “Buy” Rating from Jefferies Group (AMI)
African Minerals Limited (LON:AMI)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Friday. They currently have a GBX 130 ($2.19) price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 186.27% from the stock’s previous close.
African Minerals Limited (LON:AMI) traded down 3.38% during mid-day trading on Friday, hitting GBX 45.4111. 5,576,418 shares of the company’s stock traded hands. African Minerals Limited has a 52-week low of GBX 42.50 and a 52-week high of GBX 247.00. The stock’s 50-day moving average is GBX 69.35 and its 200-day moving average is GBX 118.7.
AMI has been the subject of a number of other recent research reports. 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. Separately, analysts at Canaccord Genuity cut their price target on shares of African Minerals Limited from GBX 230 ($3.87) to GBX 170 ($2.86) in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. African Minerals Limited presently has a consensus rating of “Buy” and an average price target of GBX 218.64 ($3.68).
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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