The stock of Anglo Pacific Group plc (LON:APF) hit a new 52-week high and has GBX 198.90 target or 56.00% above today’s GBX 127.50 share price. The 9 months bullish chart indicates low risk for the GBX 216.68 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 198.90 price target is reached, the company will be worth GBX 121.34M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.20% or GBX 0.25 on November 3, hitting GBX 127.5. About 500,364 shares traded hands or 206.53% up from the average. Anglo Pacific Group plc (LON:APF) has risen 84.12% since April 6, 2016 and is uptrending. It has outperformed by 82.90% the S&P500.
Anglo Pacific Group plc (LON:APF) Ratings Coverage
Out of 7 analysts covering Anglo Pacific Group (LON:APF), 6 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 86% are positive. GBX 180 is the highest target while GBX 60 is the lowest. The GBX 103.83 average target is -18.56% below today’s (GBX 127.5) stock price. Anglo Pacific Group has been the topic of 37 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Speculative Buy” rating by Beaufort Securities given on Thursday, May 26. FinnCap maintained it with “Hold” rating and GBX 79 target price in Tuesday, December 1 report. The stock of Anglo Pacific Group plc (LON:APF) has “Hold” rating given on Thursday, November 26 by Peel Hunt. The company was maintained on Friday, November 27 by Macquarie Research. FinnCap maintained it with “Buy” rating and GBX 85 target price in Wednesday, June 15 report. Macquarie Research maintained the shares of APF in a report on Monday, November 30 with “Outperform” rating. The stock has “Speculative Buy” rating given by Beaufort Securities on Friday, October 16. The rating was maintained by Macquarie Research with “Outperform” on Tuesday, May 17. The rating was maintained by Beaufort Securities with “Speculative Buy” on Monday, April 4. The stock of Anglo Pacific Group plc (LON:APF) has “Buy” rating given on Friday, August 5 by Peel Hunt.
More news for Anglo Pacific Group plc (LON:APF) were recently published by: Fool.Co.Uk, which released: “Could small caps Anglo Pacific Group plc, Vertu Motors plc & TT Electronics …” on May 11, 2016. Marketwired.com‘s article titled: “Anglo Pacific Group PLC: Placing and Open Offer” and published on February 06, 2015 is yet another important article.
Anglo Pacific Group PLC is a United Kingdom company, which focuses on royalties connected with the mining of natural resources. The company has a market cap of 216.68 million GBP. The Company’s producing royalties include Kestrel, Narrabri, Maracas Menchen, El Valle- Boinas/Carles (EVBC) and Four Mile. It currently has negative earnings. The Company’s development royalties include Salamanca, Groundhog, and Amapa & Tucano.
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