Stifel analyst Andrew Breichmanas downgraded Andrada Mining (ATMTF) to Hold from Buy with a price target of 2.50 GBp, down from 8 GBp. The firm sees the likelihood of the company delivering on its strategy of significant plant expansion as uncertain following its updated mineral resource estimate.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATMTF: