Barclays PLC Cuts Acacia Mining PLC (ACA) Price Target to GBX 285
Acacia Mining PLC (LON:ACA) had its target price cut by stock analysts at Barclays PLC from GBX 450 ($5.83) to GBX 285 ($3.69) in a report released on Friday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price target indicates a potential downside of 0.28% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Panmure Gordon reiterated an “add” rating and issued a GBX 403 ($5.22) price objective on shares of Acacia Mining PLC in a research note on Monday, May 8th. Peel Hunt upgraded Acacia Mining PLC to an “add” rating and lifted their price objective for the company from GBX 434 ($5.62) to GBX 461 ($5.97) in a research note on Friday, May 5th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 600 ($7.77) price objective on shares of Acacia Mining PLC in a research note on Friday, April 21st. Deutsche Bank AG decreased their price objective on Acacia Mining PLC from GBX 590 ($7.64) to GBX 570 ($7.38) and set a “buy” rating for the company in a research note on Friday, March 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a GBX 475 ($6.15) price objective on shares of Acacia Mining PLC in a research note on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 401.67 ($5.20).
Acacia Mining PLC (LON:ACA) opened at 285.80 on Friday. The company’s market capitalization is GBX 1.18 billion. Acacia Mining PLC has a one year low of GBX 250.00 and a one year high of GBX 615.00. The firm has a 50-day moving average of GBX 324.27 and a 200-day moving average of GBX 406.76.
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About Acacia Mining PLC
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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