Shore Capital Reiterates “not rated” Rating for Acacia Mining PLC (ACA)
Acacia Mining PLC (LON:ACA)‘s stock had its “not rated” rating reaffirmed by investment analysts at Shore Capital in a research report issued on Thursday.
A number of other brokerages have also issued reports on ACA. Barclays PLC dropped their target price on shares of Acacia Mining PLC from GBX 450 ($5.94) to GBX 285 ($3.76) and set an “equal weight” rating on the stock in a research report on Friday, July 14th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 237 ($3.13) target price on shares of Acacia Mining PLC in a research report on Friday, July 21st. Jefferies Group LLC dropped their target price on shares of Acacia Mining PLC from GBX 265 ($3.50) to GBX 240 ($3.17) and set a “hold” rating on the stock in a research report on Monday, July 24th. J P Morgan Chase & Co dropped their target price on shares of Acacia Mining PLC from GBX 340 ($4.49) to GBX 330 ($4.35) and set a “neutral” rating on the stock in a research report on Monday, July 24th. Finally, Citigroup Inc. reaffirmed a “sell” rating and set a GBX 210 ($2.77) target price on shares of Acacia Mining PLC in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 319.64 ($4.22).
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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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