Acacia Mining PLC (ACA) Price Target Cut to GBX 285 by Analysts at Barclays PLC

Acacia Mining PLC (LON:ACA) had its price objective cut by Barclays PLC from GBX 450 ($5.88) to GBX 285 ($3.72) in a report released on Friday morning. They currently have an equal weight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Peel Hunt raised shares of Acacia Mining PLC to an add rating and increased their target price for the stock from GBX 434 ($5.67) to GBX 461 ($6.02) in a research note on Friday, May 5th. Numis Securities Ltd reissued a buy rating and set a GBX 600 ($7.83) target price on shares of Acacia Mining PLC in a research note on Friday, April 21st. Panmure Gordon reissued an add rating and set a GBX 403 ($5.26) target price on shares of Acacia Mining PLC in a research note on Monday, May 8th. Shore Capital reissued a not rated rating on shares of Acacia Mining PLC in a research note on Friday, March 24th. Finally, Royal Bank Of Canada lowered shares of Acacia Mining PLC to an underperform rating and lowered their target price for the stock from GBX 450 ($5.88) to GBX 315 ($4.11) in a research note on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 401.67 ($5.25).

Shares of Acacia Mining PLC (ACA) traded down 0.31% during trading on Friday, hitting GBX 285.70. The stock had a trading volume of 1,344,769 shares. Acacia Mining PLC has a 12-month low of GBX 250.00 and a 12-month high of GBX 615.00. The firm has a 50 day moving average price of GBX 324.27 and a 200 day moving average price of GBX 406.76. The firm’s market cap is GBX 1.18 billion.

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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.