MC Mining (LON:MCM) had its target price reduced by Peel Hunt from GBX 88 ($1.15) to GBX 67 ($0.88) in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price points to a potential upside of 86.11% from the company’s previous close.

MCM stock opened at GBX 36 ($0.47) on Monday. MC Mining has a 12 month low of GBX 30.47 ($0.40) and a 12 month high of GBX 71.60 ($0.94).

About MC Mining

MC Mining Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of metallurgical and thermal coal projects in South Africa. The company's principal projects include the Makhado hard coking and thermal coal project located to the southwest of Musina; and the Vele Colliery semi soft coking and thermal coal mine located to the west of Musina in the Limpopo province.

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