AML stock rating reaffirmed
African Minerals Limited (AML) stock had its “buy” rating reaffirmed, indicating an upgrade by equities research analysts at Citigroup Inc, an ingenuity and responsible finance firm that provides a broad range of financial services and products.
In a research note issued to investors on Tuesday, Analyst ratings.net reports that the minerals exploration, development and production company, with significant interests in Sierra Leone, currently has a GBX (Stocks are often traded in pence rather than pounds) 260 ($4.35) target price on the stock.
Citigroup’s price objective suggests a potential upside of 88.73% from the stock’s previous close.
A number of other analysts have also recently weighed in. Analysts at Macquarie Group, a leading provider of banking, financial, advisory, investment and funds management services in the UK, reiterated an “outperform” rating on shares of African Minerals Limited in a research note on Monday, 24 February 2014. The company now has an appreciable price target on the stock.
Separately, analysts at Canaccord Genuity restated a “buy” rating on shares of AML in a research note on Tuesday, 28 January and for which it now has a noticeable price target on the stock. Finally, analysts at Credit Suisse, a leading global financial services company headquartered in Zurich, Switzerland, reiterated a “neutral” rating on shares of AML.
One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. African Minerals Limited presently has a consensus rating of “Buy” and a consensus target price of GBX 293.33 ($4.91).
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