Jefferies Group LLC Lowers Acacia Mining PLC (ACA) Price Target to GBX 265
Acacia Mining PLC (LON:ACA) had its price target dropped by Jefferies Group LLC from GBX 450 ($5.85) to GBX 265 ($3.45) in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s price target indicates a potential downside of 7.28% from the stock’s previous close.
Several other brokerages also recently weighed in on ACA. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 610 ($7.94) target price on shares of Acacia Mining PLC in a research note on Tuesday, February 28th. Credit Suisse Group AG boosted their target price on shares of Acacia Mining PLC from GBX 540 ($7.02) to GBX 600 ($7.81) and gave the company an “outperform” rating in a research note on Wednesday, February 15th. Numis Securities Ltd raised shares of Acacia Mining PLC to a “buy” rating and boosted their target price for the company from GBX 500 ($6.50) to GBX 600 ($7.81) in a research note on Wednesday, February 15th. Deutsche Bank AG cut their target price on shares of Acacia Mining PLC from GBX 590 ($7.68) to GBX 570 ($7.42) and set a “buy” rating for the company in a research note on Friday, March 17th. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 506 ($6.58) target price on shares of Acacia Mining PLC in a research note on Wednesday, March 22nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 425.91 ($5.54).
Acacia Mining PLC (LON:ACA) traded up 7.48% during midday trading on Friday, reaching GBX 285.80. 4,802,274 shares of the company traded hands. The firm’s market capitalization is GBX 1.18 billion. The company’s 50-day moving average price is GBX 414.03 and its 200 day moving average price is GBX 431.11. Acacia Mining PLC has a 12 month low of GBX 250.00 and a 12 month high of GBX 615.00.
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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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