Avocet Mining plc Price Target Lowered to GBX 7.57 at Investec (AVM)
Analysts at Investec dropped their price target on shares of Avocet Mining plc (LON:AVM) from GBX 11.76 ($0.20) to GBX 7.57 ($0.13) in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock. Investec’s price objective would indicate a potential upside of 0.80% from the company’s current price.
Avocet Mining plc (LON:AVM) traded up 0.13% on Wednesday, hitting GBX 7.51. 611,656 shares of the company’s stock traded hands. Avocet Mining plc has a 52 week low of GBX 7.00 and a 52 week high of GBX 25.25. The stock’s 50-day moving average is GBX 7.97 and its 200-day moving average is GBX 8.84. The company’s market cap is £14.9 million.
Separately, analysts at Canaccord Genuity cut their price target on shares of Avocet Mining plc from GBX 8 ($0.13) to GBX 6 ($0.10) in a research note on Thursday, July 31st. They now have a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Avocet Mining plc has an average rating of “Hold” and a consensus target price of GBX 10.64 ($0.18).
Avocet Mining PLC is a West African gold mining and exploration company. The Company operates in the Inata Gold Mine in Burkina Faso and a pipeline of exploration projects in Burkina Faso and Guinea.
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