Acacia Mining PLC (LON:ACA) had its price target decreased by stock analysts at J P Morgan Chase & Co from GBX 340 ($4.48) to GBX 330 ($4.35) in a report issued on Monday, July 24th. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 86.44% from the company’s previous close.
Other analysts also recently issued research reports about the company. Citigroup Inc. reaffirmed a “sell” rating and issued a GBX 380 ($5.01) price objective on shares of Acacia Mining PLC in a research note on Monday, April 3rd. Jefferies Group LLC reduced their price objective on Acacia Mining PLC from GBX 450 ($5.94) to GBX 265 ($3.50) and set a “hold” rating on the stock in a research note on Friday, May 26th. Peel Hunt downgraded Acacia Mining PLC to a “reduce” rating and reduced their price objective for the stock from GBX 461 ($6.08) to GBX 237 ($3.13) in a research note on Thursday, May 25th. Barclays PLC boosted their target price on Acacia Mining PLC from GBX 390 ($5.14) to GBX 450 ($5.94) and gave the company an “equal weight” rating in a research report on Friday, April 21st. Finally, Panmure Gordon reissued an “add” rating and set a GBX 403 ($5.32) target price on shares of Acacia Mining PLC in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Acacia Mining PLC has an average rating of “Hold” and a consensus price target of GBX 360.42 ($4.75).
Acacia Mining PLC (ACA) opened at 177.00 on Monday. The firm’s 50-day moving average is GBX 262.98 and its 200-day moving average is GBX 385.08. The company’s market capitalization is GBX 726.63 million. Acacia Mining PLC has a 12 month low of GBX 176.20 and a 12 month high of GBX 615.00.
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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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