Acacia Mining PLC (ACA) PT Lowered to GBX 285
Acacia Mining PLC (LON:ACA) had its price objective reduced by HSBC Holdings plc from GBX 540 ($7.01) to GBX 285 ($3.70) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. HSBC Holdings plc’s target price indicates a potential upside of 56.34% from the company’s current price.
A number of other research firms also recently issued reports on ACA. Citigroup Inc. restated a “sell” rating and set a GBX 270 ($3.51) price target on shares of Acacia Mining PLC in a research note on Tuesday, June 13th. Royal Bank Of Canada downgraded Acacia Mining PLC to an “underperform” rating and dropped their price target for the stock from GBX 450 ($5.84) to GBX 315 ($4.09) in a research note on Thursday, May 25th. Peel Hunt upgraded Acacia Mining PLC to an “add” rating and raised their price target for the stock from GBX 434 ($5.63) to GBX 461 ($5.98) in a research note on Friday, May 5th. Panmure Gordon restated an “add” rating and set a GBX 403 ($5.23) price target on shares of Acacia Mining PLC in a research note on Monday, May 15th. Finally, Barclays PLC raised their price target on Acacia Mining PLC from GBX 390 ($5.06) to GBX 450 ($5.84) and gave the stock an “equal weight” rating in a research note on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Acacia Mining PLC currently has an average rating of “Hold” and a consensus price target of GBX 354.62 ($4.60).
Shares of Acacia Mining PLC (ACA) opened at 177.50 on Friday. The company’s 50 day moving average price is GBX 229.99 and its 200-day moving average price is GBX 367.15. Acacia Mining PLC has a 12-month low of GBX 152.80 and a 12-month high of GBX 609.50. The firm’s market cap is GBX 728.69 million.
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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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