Acacia Mining PLC’s (ACA) “Sell” Rating Reiterated at Citigroup Inc.
A number of other equities analysts have also recently weighed in on ACA. J P Morgan Chase & Co cut Acacia Mining PLC to a neutral rating and lowered their price target for the stock from GBX 610 ($7.92) to GBX 500 ($6.49) in a report on Wednesday, March 29th. Shore Capital reissued a not rated rating on shares of Acacia Mining PLC in a research note on Monday, June 26th. Jefferies Group LLC decreased their target price on Acacia Mining PLC from GBX 265 ($3.44) to GBX 240 ($3.12) and set a hold rating on the stock in a research note on Monday, July 24th. Numis Securities Ltd reissued a buy rating and set a GBX 500 ($6.49) target price on shares of Acacia Mining PLC in a research note on Thursday, May 25th. Finally, Barclays PLC reaffirmed an equal weight rating on shares of Acacia Mining PLC in a research report on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 354.62 ($4.60).
Acacia Mining PLC (LON ACA) traded up 6.58% during trading on Monday, hitting GBX 194.30. 2,419,128 shares of the stock traded hands. Acacia Mining PLC has a 12 month low of GBX 152.80 and a 12 month high of GBX 609.50. The stock’s market cap is GBX 797.66 million. The company has a 50-day moving average price of GBX 226.92 and a 200-day moving average price of GBX 365.94.
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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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