Acacia Mining PLC’s (ACA) “Speculative Buy” Rating Reaffirmed at Beaufort Securities
Several other equities research analysts also recently commented on the stock. Panmure Gordon downgraded shares of Acacia Mining PLC to a hold rating and set a GBX 400 ($5.22) target price for the company. in a research note on Friday. HSBC raised shares of Acacia Mining PLC to a buy rating in a research note on Thursday, September 15th. Deutsche Bank AG reaffirmed a buy rating on shares of Acacia Mining PLC in a research note on Monday, September 5th. Canaccord Genuity downgraded shares of Acacia Mining PLC to a sell rating and upped their target price for the company from GBX 495 ($6.46) to GBX 505 ($6.59) in a research note on Friday, July 29th. Finally, Numis Securities Ltd reaffirmed an add rating on shares of Acacia Mining PLC in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Acacia Mining PLC presently has an average rating of Hold and an average target price of GBX 326.40 ($4.26).
Shares of Acacia Mining PLC (LON:ACA) opened at 488.00 on Monday. The stock’s 50 day moving average price is GBX 539.08 and its 200-day moving average price is GBX 404.77. The firm’s market capitalization is GBX 2.00 billion. Acacia Mining PLC has a 12-month low of GBX 154.00 and a 12-month high of GBX 615.00.
Acacia Mining PLC Company Profile
Acacia Mining Plc (Acacia), formerly African Barrick Gold Plc, is a gold miner and producer of gold in Africa. The Company is engaged in the mining, processing and sale of gold business. Its segments are North Mara gold mine, Bulyanhulu gold mine, Buzwagi gold mine, and Corporate and Exploration segment.
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