Acacia Mining PLC (ACA) Price Target Cut to GBX 450
Acacia Mining PLC (LON:ACA) had its target price reduced by analysts at Numis Securities Ltd from GBX 500 ($6.46) to GBX 450 ($5.81) in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 138.98% from the stock’s current price.
ACA has been the subject of several other research reports. Jefferies Group LLC lowered their price target on shares of Acacia Mining PLC from GBX 265 ($3.42) to GBX 240 ($3.10) and set a “hold” rating for the company in a report on Monday, July 24th. Barclays PLC restated an “equal weight” rating on shares of Acacia Mining PLC in a report on Monday, June 5th. J P Morgan Chase & Co lowered their target price on shares of Acacia Mining PLC from GBX 500 ($6.46) to GBX 340 ($4.39) and set a “neutral” rating for the company in a report on Monday, June 5th. HSBC Holdings plc lowered their target price on shares of Acacia Mining PLC from GBX 540 ($6.97) to GBX 285 ($3.68) and set a “buy” rating for the company in a report on Friday, August 18th. Finally, Citigroup Inc. restated a “sell” rating and issued a GBX 270 ($3.49) target price on shares of Acacia Mining PLC in a report on Monday, June 5th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 340.71 ($4.40).
Shares of Acacia Mining PLC (ACA) opened at 188.30 on Tuesday. The firm’s market capitalization is GBX 773.02 million. The firm has a 50-day moving average of GBX 197.01 and a 200 day moving average of GBX 340.19. Acacia Mining PLC has a 52 week low of GBX 152.80 and a 52 week high of GBX 580.00.
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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