Acacia Mining PLC (ACA) Price Target Cut to GBX 195
Acacia Mining PLC (LON:ACA) had its target price lowered by research analysts at Jefferies Group LLC from GBX 240 ($3.19) to GBX 195 ($2.59) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 0.10% from the company’s current price.
Several other brokerages have also recently weighed in on ACA. Peel Hunt reiterated a “reduce” rating and set a GBX 237 ($3.15) price target on shares of Acacia Mining PLC in a research report on Friday, July 21st. Barclays PLC decreased their price target on Acacia Mining PLC from GBX 450 ($5.98) to GBX 285 ($3.79) and set an “equal weight” rating on the stock in a research report on Friday, July 14th. Charles Stanley reiterated a “sell” rating and set a GBX 210 ($2.79) price target on shares of Acacia Mining PLC in a research report on Tuesday, September 5th. Shore Capital reiterated a “not rated” rating on shares of Acacia Mining PLC in a research report on Monday, June 26th. Finally, J P Morgan Chase & Co decreased their price target on Acacia Mining PLC from GBX 340 ($4.52) to GBX 330 ($4.38) and set a “neutral” rating on the stock in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 330.36 ($4.39).
Acacia Mining PLC (LON ACA) traded down 8.11% during trading on Thursday, reaching GBX 194.80. 7,104,100 shares of the company were exchanged. Acacia Mining PLC has a one year low of GBX 152.80 and a one year high of GBX 580.00. The firm’s 50 day moving average price is GBX 188.48 and its 200-day moving average price is GBX 278.04. The stock’s market capitalization is GBX 799.71 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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