Acacia Mining PLC (ACA) Receives Consensus Rating of “Hold” from Analysts
Acacia Mining PLC (LON:ACA) has been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 360.42 ($4.75).
A number of research analysts have commented on the stock. Credit Suisse Group cut shares of Acacia Mining PLC to a “neutral” rating and decreased their target price for the company from GBX 600 ($7.91) to GBX 200 ($2.64) in a research report on Wednesday, July 26th. Citigroup Inc. reiterated a “sell” rating and set a GBX 210 ($2.77) price target on shares of Acacia Mining PLC in a research note on Monday, July 24th. J P Morgan Chase & Co cut their price target on shares of Acacia Mining PLC from GBX 340 ($4.48) to GBX 330 ($4.35) and set a “neutral” rating on the stock in a research note on Monday, July 24th. Jefferies Group LLC cut their price target on shares of Acacia Mining PLC from GBX 265 ($3.50) to GBX 240 ($3.17) and set a “hold” rating on the stock in a research note on Monday, July 24th. Finally, Peel Hunt reiterated a “reduce” rating and set a GBX 237 ($3.13) price target on shares of Acacia Mining PLC in a research note on Friday, July 21st.
Acacia Mining PLC (LON ACA) opened at 180.80 on Friday. The stock’s market cap is GBX 742.23 million. The firm’s 50-day moving average is GBX 262.98 and its 200-day moving average is GBX 385.08. Acacia Mining PLC has a 52-week low of GBX 179.40 and a 52-week high of GBX 615.00.
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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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