Shore Capital Reaffirms “not rated” Rating for Acacia Mining PLC (ACA)
A number of other equities analysts have also commented on the company. Peel Hunt restated a reduce rating and set a GBX 237 ($3.13) price objective on shares of Acacia Mining PLC in a research note on Friday, July 21st. Citigroup Inc. restated a sell rating and set a GBX 210 ($2.77) price objective on shares of Acacia Mining PLC in a research note on Monday, July 24th. J P Morgan Chase & Co lowered their price objective on Acacia Mining PLC from GBX 340 ($4.49) to GBX 330 ($4.35) and set a neutral rating on the stock in a research note on Monday, July 24th. Credit Suisse Group lowered Acacia Mining PLC to a neutral rating and lowered their price objective for the stock from GBX 600 ($7.92) to GBX 200 ($2.64) in a research note on Wednesday, July 26th. Finally, Barclays PLC lowered their price objective on Acacia Mining PLC from GBX 450 ($5.94) to GBX 285 ($3.76) and set an equal weight rating on the stock in a research note on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Acacia Mining PLC has an average rating of Hold and a consensus target price of GBX 319.64 ($4.22).
Shares of Acacia Mining PLC (LON ACA) opened at GBX 175 ($2.31) on Thursday. Acacia Mining PLC has a fifty-two week low of GBX 152.80 ($2.02) and a fifty-two week high of GBX 580 ($7.65).
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About Acacia Mining PLC
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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