Acacia Mining PLC (ACA) Rating Increased to Buy at HSBC
Acacia Mining PLC (LON:ACA) was upgraded by equities research analysts at HSBC to a “buy” rating in a research report issued on Thursday.
Several other equities research analysts have also recently commented on the company. Deutsche Bank AG reissued a “buy” rating on shares of Acacia Mining PLC in a research note on Monday, September 5th. Beaufort Securities reissued a “buy” rating on shares of Acacia Mining PLC in a research note on Tuesday, August 2nd. Canaccord Genuity cut Acacia Mining PLC to a “sell” rating and lifted their price objective for the stock from GBX 495 ($6.46) to GBX 505 ($6.59) in a research note on Friday, July 29th. Numis Securities Ltd reaffirmed an “add” rating on shares of Acacia Mining PLC in a research note on Tuesday, July 26th. Finally, Investec raised Acacia Mining PLC to a “buy” rating in a research note on Tuesday, July 19th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 344.45 ($4.50).
Acacia Mining PLC (LON:ACA) opened at 508.50 on Thursday. The firm’s market capitalization is GBX 2.09 billion. The firm has a 50-day moving average price of GBX 531.14 and a 200 day moving average price of GBX 409.22. Acacia Mining PLC has a 12 month low of GBX 154.00 and a 12 month high of GBX 615.00.
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Acacia Mining PLC Company Profile
Acacia Mining Plc (Acacia), formerly African Barrick Gold Plc, is a gold miner and producer of gold in Africa. The Company is engaged in the mining, processing and sale of gold business. Its segments are North Mara gold mine, Bulyanhulu gold mine, Buzwagi gold mine, and Corporate and Exploration segment.
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