Acacia Mining PLC (LON:ACA) had its price target reduced by HSBC Holdings plc from GBX 540 ($7.01) to GBX 285 ($3.70) in a research report sent to investors on Friday. They currently have a buy rating on the stock.
A number of other equities analysts have also commented on the company. Credit Suisse Group lowered Acacia Mining PLC to a neutral rating and cut their price target for the stock from GBX 600 ($7.79) to GBX 200 ($2.60) in a report on Wednesday, July 26th. Citigroup Inc. reaffirmed a sell rating and issued a GBX 210 ($2.73) price target on shares of Acacia Mining PLC in a report on Monday, July 24th. J P Morgan Chase & Co cut their price target on Acacia Mining PLC from GBX 340 ($4.41) to GBX 330 ($4.28) and set a neutral rating for the company in a report on Monday, July 24th. Jefferies Group LLC cut their price target on Acacia Mining PLC from GBX 265 ($3.44) to GBX 240 ($3.12) and set a hold rating for the company in a report on Monday, July 24th. Finally, Peel Hunt reaffirmed a reduce rating and issued a GBX 237 ($3.08) price target on shares of Acacia Mining PLC in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Acacia Mining PLC has an average rating of Hold and an average target price of GBX 354.62 ($4.60).
Shares of Acacia Mining PLC (ACA) traded up 6.58% on Friday, hitting GBX 194.30. The stock had a trading volume of 2,419,128 shares. The company’s market capitalization is GBX 797.66 million. Acacia Mining PLC has a 52 week low of GBX 152.80 and a 52 week high of GBX 609.50. The company has a 50-day moving average of GBX 226.92 and a 200 day moving average of GBX 365.94.
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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