Acacia Mining PLC (ACA) Stock Rating Reaffirmed by Citigroup Inc.
Acacia Mining PLC (LON:ACA)‘s stock had its “sell” rating restated by investment analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday. They currently have a GBX 170 ($2.24) price target on the stock. Citigroup Inc.’s target price would suggest a potential downside of 8.75% from the stock’s previous close.
ACA has been the subject of several other research reports. Peel Hunt reaffirmed 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. J P Morgan Chase & Co lifted their price target on Acacia Mining PLC from GBX 200 ($2.64) to GBX 230 ($3.04) and gave the stock a “neutral” rating in a research note on Wednesday, September 27th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 450 ($5.94) price target on shares of Acacia Mining PLC in a research note on Monday, September 25th. Credit Suisse Group lowered Acacia Mining PLC to a “neutral” rating and dropped their price target for the stock from GBX 600 ($7.92) to GBX 200 ($2.64) in a research note on Wednesday, July 26th. Finally, Charles Stanley reaffirmed a “sell” rating and set a GBX 210 ($2.77) price target on shares of Acacia Mining PLC in a research note on Tuesday, September 5th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 319.64 ($4.22).
Acacia Mining PLC (ACA) opened at 188.70 on Tuesday. The firm’s market cap is GBX 774.67 million. Acacia Mining PLC has a one year low of GBX 152.80 and a one year high of GBX 580.00. The firm has a 50-day moving average price of GBX 187.52 and a 200-day moving average price of GBX 273.73.
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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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