Amara Mining (LON:AMA) had its price target reduced by Canaccord Genuity from GBX 33 ($0.53) to GBX 28 ($0.45) in a research note issued to investors on Friday.
The firm currently has a buy rating on the stock.
Canaccord Genuity has also taken action on a number of other stocks recently. The firm reiterated its buy rating on shares of Anglo American plc (ADR).
Also, Canaccord Genuity upgraded shares of Rogers Communications Inc. from a hold rating to a buy rating. Canaccord Genuity now has a $46.00 price target on that stock.
Separately, analysts at Peel Hunt reiterated a buy rating on shares of Amara Mining Plc in a research note on Thursday, August 28th.
They now have a GBX 43 ($0.69) price target on the stock. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 31.10 ($0.50).
Amara Mining Plc (LON:AMA) opened at 19.13 on Friday. Amara Mining Plc has a 1-year low of GBX 11.50 and a 1-year high of GBX 26.50.
The stock’s 50-day moving average is GBX 20.50 and its 200-day moving average is GBX 20.10.
Amara Mining plc is a gold mining and exploration company.
The Company is engaged in the acquisition, exploration, development and operation of gold mines and deposits in West Africa.