Acacia Mining PLC (ACA) Rating Lowered to Reduce at Peel Hunt
Acacia Mining PLC (LON:ACA) was downgraded by analysts at Peel Hunt to a “reduce” rating in a report released on Thursday. They currently have a GBX 441 ($5.76) price objective on the stock, up from their previous price objective of GBX 240 ($3.13). Peel Hunt’s target price would suggest a potential downside of 11.21% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Deutsche Bank AG boosted their price target on shares of Acacia Mining PLC from GBX 340 ($4.44) to GBX 470 ($6.13) and gave the stock a “buy” rating in a report on Sunday, June 26th. Numis Securities Ltd restated an “add” rating on shares of Acacia Mining PLC in a report on Wednesday, July 20th. Beaufort Securities restated a “buy” rating on shares of Acacia Mining PLC in a report on Tuesday, August 2nd. HSBC upgraded shares of Acacia Mining PLC to a “buy” rating in a report on Thursday, September 15th. Finally, Canaccord Genuity cut shares of Acacia Mining PLC to a “sell” rating and boosted their price target for the stock from GBX 495 ($6.46) to GBX 505 ($6.59) in a report on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Acacia Mining PLC has a consensus rating of “Hold” and a consensus price target of GBX 344.45 ($4.50).
Acacia Mining PLC (LON:ACA) opened at 498.70 on Thursday. The firm’s market cap is GBX 2.05 billion. Acacia Mining PLC has a 12 month low of GBX 154.00 and a 12 month high of GBX 615.00. The firm’s 50 day moving average is GBX 535.45 and its 200-day moving average is GBX 407.85.
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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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