Acacia Mining PLC (ACA) Receives “Buy” Rating from Numis Securities Ltd
Acacia Mining PLC (LON:ACA)‘s stock had its “buy” rating reiterated by analysts at Numis Securities Ltd in a research report issued on Monday. They currently have a GBX 400 ($5.31) price target on the stock. Numis Securities Ltd’s price target suggests a potential upside of 105.34% from the company’s current price.
Other analysts have also issued research reports about the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 330 ($4.38) target price on shares of Acacia Mining PLC in a report on Tuesday, September 5th. HSBC Holdings plc reduced their target price on Acacia Mining PLC from GBX 540 ($7.18) to GBX 285 ($3.79) and set a “buy” rating for the company in a report on Friday, August 18th. Shore Capital reissued a “not rated” rating on shares of Acacia Mining PLC in a report on Friday, October 13th. Jefferies Group LLC reduced their target price on Acacia Mining PLC from GBX 265 ($3.52) to GBX 240 ($3.19) and set a “hold” rating for the company in a report on Monday, July 24th. Finally, Barclays PLC reduced their target price on Acacia Mining PLC from GBX 450 ($5.98) to GBX 285 ($3.79) and set an “equal weight” rating for the company in a report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 326.79 ($4.34).
Acacia Mining PLC (LON:ACA) opened at 191.90 on Monday. Acacia Mining PLC has a 52-week low of GBX 152.80 and a 52-week high of GBX 580.00. The stock’s market cap is GBX 787.80 million. The firm has a 50-day moving average price of GBX 188.48 and a 200 day moving average price of GBX 278.04.
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Acacia Mining PLC Company Profile
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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