Acacia Mining PLC (ACA) Stock Rating Reaffirmed by Peel Hunt
Acacia Mining PLC (LON:ACA)‘s stock had its “reduce” rating restated by equities research analysts at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 237 ($3.06) price target on the stock. Peel Hunt’s target price indicates a potential upside of 25.53% from the company’s previous close.
Several other equities analysts also recently commented on ACA. Royal Bank Of Canada downgraded shares of Acacia Mining PLC to an “underperform” rating and lowered their target price for the stock from GBX 450 ($5.81) to GBX 315 ($4.07) in a report on Thursday, May 25th. Numis Securities Ltd restated a “buy” rating and issued a GBX 500 ($6.46) price target on shares of Acacia Mining PLC in a research report on Thursday, May 25th. Shore Capital restated a “not rated” rating on shares of Acacia Mining PLC in a research report on Friday, June 2nd. Citigroup Inc. restated a “sell” rating and issued a GBX 210 ($2.71) price target on shares of Acacia Mining PLC in a research report on Monday, July 24th. Finally, Panmure Gordon reiterated an “add” rating and set a GBX 403 ($5.20) price objective on shares of Acacia Mining PLC in a research report on Monday, May 8th. Four analysts have rated the stock with a sell rating, five have given 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 target price of GBX 340.71 ($4.40).
Acacia Mining PLC (LON ACA) traded down 6.63% on Tuesday, reaching GBX 188.80. 1,886,776 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is GBX 199.67 and its 200 day moving average price is GBX 342.64. The company’s market cap is GBX 775.08 million. Acacia Mining PLC has a 52-week low of GBX 152.80 and a 52-week high of GBX 580.00.
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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