African Minerals Limited Receives Consensus Recommendation of “Buy” from Brokerages (LON:AMI)
Shares of African Minerals Limited (LON:AMI) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are covering the company, American Banking & Market News reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 218.64 ($3.67).
A number of analysts have recently weighed in on AMI shares. Analysts at Canaccord Genuity cut their price target on shares of African Minerals Limited from GBX 170 ($2.85) to GBX 150 ($2.52) in a research note on Friday. They now have a “buy” rating on the stock. Separately, 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 ($2.18) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of African Minerals Limited in a research note on Wednesday, August 6th. They now have a GBX 241 ($4.04) price target on the stock.
African Minerals Limited (LON:AMI) opened at 42.25 on Monday. 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.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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