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NEWS : Local News  

Sierra Leone News: AML Stock Rating Reaffirmed by Citigroup
By AML Communications Unit
Mar 14, 2014, 17:06
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African Minerals Limiteds 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.

 

Citigroups price objective suggests a potential upside of 88.73% from the stocks 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. AML presently has a consensus rating of Buy and a consensus target price of GBX 293.33 ($4.91).


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