Acacia Mining PLC (ACA) Earns Add Rating from Numis Securities Ltd
Acacia Mining PLC (LON:ACA)‘s stock had its “add” rating restated by investment analysts at Numis Securities Ltd in a report released on Tuesday, StockTargetPrices.com reports.
Several other equities analysts have also recently issued reports on ACA. Deutsche Bank AG boosted their price objective on shares of Acacia Mining PLC from GBX 340 ($4.21) to GBX 470 ($5.82) and gave the company a “buy” rating in a research note on Sunday, June 26th. Citigroup Inc. cut shares of Acacia Mining PLC to a “sell” rating in a research note on Wednesday, May 18th. Canaccord Genuity reissued a “hold” rating and issued a GBX 495 ($6.13) price objective on shares of Acacia Mining PLC in a research note on Friday, July 22nd. Finally, Jefferies Group boosted their price objective on shares of Acacia Mining PLC from GBX 280 ($3.47) to GBX 330 ($4.08) and gave the company a “buy” rating in a research note on Friday, April 8th. Four research 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. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 353.11 ($4.37).
Acacia Mining PLC (LON:ACA) traded down 2.659231% during trading on Tuesday, hitting GBX 455.424255. 541,234 shares of the stock traded hands. The stock’s market cap is GBX 1.87 billion. Acacia Mining PLC has a 52-week low of GBX 154.00 and a 52-week high of GBX 615.00. The company’s 50 day moving average price is GBX 489.26 and its 200-day moving average price is GBX 430.09.
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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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