Acacia Mining PLC (ACA) Receives GBX 360.42 Consensus Target Price from Brokerages
Shares of Acacia Mining PLC (LON:ACA) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 360.42 ($4.69).
Several research firms recently commented on ACA. Jefferies Group LLC lowered their target price on Acacia Mining PLC from GBX 450 ($5.86) to GBX 265 ($3.45) and set a “hold” rating for the company in a research note on Friday, May 26th. J P Morgan Chase & Co lowered their target price on Acacia Mining PLC from GBX 500 ($6.51) to GBX 340 ($4.43) and set a “neutral” rating for the company in a research note on Monday, June 5th. Peel Hunt cut Acacia Mining PLC to a “reduce” rating and lowered their target price for the stock from GBX 461 ($6.00) to GBX 237 ($3.09) in a research note on Thursday, May 25th. Barclays PLC boosted their target price on Acacia Mining PLC from GBX 390 ($5.08) to GBX 450 ($5.86) and gave the stock an “equal weight” rating in a research note on Friday, April 21st. Finally, Citigroup Inc. reissued a “sell” rating and set a GBX 270 ($3.52) target price on shares of Acacia Mining PLC in a research note on Monday, June 5th.
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Shares of Acacia Mining PLC (LON:ACA) traded up 4.69% during midday trading on Friday, hitting GBX 185.30. The company had a trading volume of 1,274,319 shares. Acacia Mining PLC has a 12 month low of GBX 177.20 and a 12 month high of GBX 615.00. The firm’s market capitalization is GBX 760.71 million. The company has a 50-day moving average of GBX 253.40 and a 200 day moving average of GBX 379.74.
Acacia Mining PLC Company Profile
Acacia Mining plc is primarily engaged in the business of mining, processing and sale of gold. The Company has three operating mines located in Tanzania. The Company’s segments are North Mara gold mine, Bulyanhulu gold mine and Buzwagi gold mine. The North Mara gold deposits are situated in the Mara Musoma greenstone belt.
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