AMI.L Share News (AMI)

African Minerals Loss Narrows, But Shipping Problems Hit Guidance

Friday broker round-up UPDATE

African Minerals: Barclays initiates with a target price of 220p and an underweight rating. Aviva: Exane downgrades to neutral with a target price of 403p. Avon Rubber: Investec ups target price from 470p to 500p, but downgrades from add to hold. AZ Electronic Materials: Deutsche Bank reduces tar

African Minerals CEO and finance chief quit

Iron ore miner African Minerals has announced the departure of its Chief Executive Officer (CEO) and finance boss, hitting its shares. African, which runs the Tonkolili iron ore project in Sierra Leone, said CEO Keith Calder was stepping down after about a year in the role and would be replaced imm

Broker snap: Canaccord highlights attractive entry points into mining

Canaccord Genuity has kept its 'buy' rating for Rio Tinto and turned more positive on Antofagasta, highlighting the two mining majors as 'quality names at discount prices'. "Recent underperformance has opened up attractive entry points for mining names with good quality assets that should generate

Tuesday broker round-up UPDATE

African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k

Tuesday broker round-up UPDATE

Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigrou

Monday broker round-up UPDATE

African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American

Thursday broker round-up UPDATE

African Minerals: Deutsche Bank reduces target price from 594p to 586p keeping a buy recommendation. Investec cuts target price from 438p to 411p, while its buy recommendation remains unchanged. Associated British Foods: Societe Generale increases target price from 1820p to 1900p, while downgrading

Wednesday broker round-up UPDATE

African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An

African Minerals issues 75,000 news shares

African Minerals suffered a decline on Monday after the company announced the issue of 75,000 new common shares following the exercise of share options. Once the shares have been admitted to AIM the group will have 331.3m common shares in issue. The share price fell 5.74% to 255.50p by 10:50 on

Broker tips: Miners, Weir, Imperial Tobacco

Ahead of earnings season in the mining sector, Credit Suisse has labelled its top and worst picks among resource stocks. "Our top picks are Rio Tinto and ENRC and from the mid cap group African Minerals and London Mining." While Lonmin is downgraded from 'outperform' to 'neutral', the broker's lea

Broker snap: Credit Suisse labels Rio Tinto and ENRC as top picks in mining sector

Ahead of earnings season in the mining sector, Credit Suisse has labelled its top and worst picks among resource stocks. "The upcoming results season will see a changing of the guard across the large caps. Large write-downs, as companies draw a line under past mistakes, are now widely expected by t

African Minerals secures financial deals to fund expansion plans

African Minerals on Tuesday said it secured two new financing deals with the Standard Bank of South Africa to fund expansion plans at its Tonkolili iron ore project in Sierra Leone. The Tonkolili project has a mine life of over 60 years and is expected to reach a run rate of 20m tonnes per annum (m

Wednesday broker round-up UPDATE

African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:

Sector movers: Miners track metals prices higher on 'fiscal cliff' hopes

Mining stocks were performing well on Tuesday afternoon, tracking commodities prices higher on hopes that US leaders can work to avert the impending 'fiscal cliff'. A weaker dollar helped gold prices rise to around $1,700 an ounce earlier in the day after President Barack Obama last night presented