Acacia Mining PLC (LON:ACA) had its target price dropped by equities research analysts at J P Morgan Chase & Co from GBX 340 ($4.43) to GBX 330 ($4.30) in a research report issued on Monday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 95.27% from the stock’s previous close.
A number of other equities analysts also recently commented on ACA. Citigroup Inc. reissued a “sell” rating and issued a GBX 380 ($4.95) price objective on shares of Acacia Mining PLC in a research note on Monday, April 3rd. Jefferies Group LLC reissued a “hold” rating and issued a GBX 475 ($6.19) price objective on shares of Acacia Mining PLC in a research note on Tuesday, April 18th. Panmure Gordon reissued an “under review” rating on shares of Acacia Mining PLC in a research note on Thursday, April 20th. Barclays PLC boosted their price objective on shares of 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, Numis Securities Ltd reissued a “buy” rating and issued a GBX 600 ($7.82) price objective on shares of Acacia Mining PLC in a research note on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 360.42 ($4.70).
Shares of Acacia Mining PLC (ACA) opened at 164.60 on Monday. The stock’s market cap is GBX 675.73 million. Acacia Mining PLC has a 1-year low of GBX 162.90 and a 1-year high of GBX 615.00. The company has a 50 day moving average price of GBX 287.84 and a 200 day moving average price of GBX 396.73.
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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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