Acacia Mining PLC (ACA) PT Raised to GBX 500
Acacia Mining PLC (LON:ACA) had its price target increased by analysts at Barclays PLC from GBX 340 ($4.44) to GBX 500 ($6.53) in a research report issued to clients and investors on Wednesday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s target price would indicate a potential upside of 2.86% from the stock’s current price.
ACA has been the subject of several other research reports. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 400 ($5.22) target price on shares of Acacia Mining PLC in a research report on Friday, June 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Acacia Mining PLC in a report on Monday, July 25th. JPMorgan Chase & Co. increased their price objective on Acacia Mining PLC from GBX 310 ($4.05) to GBX 440 ($5.74) and gave the stock an “overweight” rating in a report on Tuesday, July 5th. HSBC upgraded Acacia Mining PLC to a “buy” rating in a report on Thursday, September 15th. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 390 ($5.09) price objective on shares of Acacia Mining PLC in a report on Wednesday, June 1st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 334.40 ($4.36).
Acacia Mining PLC (LON:ACA) opened at 494.00 on Wednesday. The company has a 50-day moving average price of GBX 537.65 and a 200-day moving average price of GBX 406.35. The stock’s market cap is GBX 2.03 billion. Acacia Mining PLC has a one year low of GBX 154.00 and a one year high of GBX 615.00.
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About Acacia Mining PLC
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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