Acacia Mining PLC (LON:ACA) had its target price decreased by equities research analysts at J P Morgan Chase & Co from GBX 340 ($4.43) to GBX 330 ($4.30) in a research note issued on Monday, July 24th. The firm presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 72.59% from the company’s previous close.
ACA has been the subject of a number of other research reports. Numis Securities Ltd reiterated a “buy” rating and set a GBX 600 ($7.81) target price on shares of Acacia Mining PLC in a research note on Friday, April 21st. Jefferies Group LLC lowered their target price on shares of Acacia Mining PLC from GBX 265 ($3.45) to GBX 240 ($3.13) and set a “hold” rating for the company in a research note on Monday, July 24th. Barclays PLC reiterated an “equal weight” rating on shares of Acacia Mining PLC in a research note on Monday, June 5th. Citigroup Inc. restated 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. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a GBX 285 ($3.71) price objective on shares of Acacia Mining PLC in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 360.42 ($4.69).
Shares of Acacia Mining PLC (LON ACA) traded up 1.97% during mid-day trading on Monday, reaching GBX 191.20. The company’s stock had a trading volume of 1,068,251 shares. The stock’s market cap is GBX 784.93 million. The stock has a 50 day moving average of GBX 241.18 and a 200-day moving average of GBX 373.57. Acacia Mining PLC has a one year low of GBX 152.80 and a one year high of GBX 609.50.
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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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