Acacia Mining PLC (ACA) Given New GBX 570 Price Target at Deutsche Bank AG
Acacia Mining PLC (LON:ACA) had its target price reduced by Deutsche Bank AG from GBX 590 ($7.29) to GBX 570 ($7.04) in a research report report published on Friday morning. They currently have a buy rating on the stock.
ACA has been the subject of a number of other research reports. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 610 ($7.53) price target on shares of Acacia Mining PLC in a report on Tuesday, February 28th. Barclays PLC reaffirmed an equal weight rating and set a GBX 390 ($4.82) price target on shares of Acacia Mining PLC in a report on Friday, January 20th. Jefferies Group LLC reaffirmed a buy rating and set a GBX 550 ($6.79) price target on shares of Acacia Mining PLC in a report on Monday, January 16th. Canaccord Genuity reaffirmed a buy rating and set a GBX 445 ($5.50) price target on shares of Acacia Mining PLC in a report on Monday, January 16th. Finally, Credit Suisse Group AG upped their price target on shares of Acacia Mining PLC from GBX 540 ($6.67) to GBX 600 ($7.41) and gave the stock an outperform rating in a report on Wednesday, February 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 450.46 ($5.56).
Acacia Mining PLC (LON:ACA) traded down 0.40% during mid-day trading on Friday, reaching GBX 473.80. 711,074 shares of the company’s stock were exchanged. The firm’s market cap is GBX 1.94 billion. The stock has a 50-day moving average of GBX 474.70 and a 200-day moving average of GBX 454.54. Acacia Mining PLC has a 12 month low of GBX 259.90 and a 12 month high of GBX 615.00.
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The business also recently disclosed a dividend, which will be paid on Wednesday, May 31st. Investors of record on Thursday, May 4th will be paid a GBX 0.08 ($0.00) dividend. This is an increase from Acacia Mining PLC’s previous dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 4th. This represents a yield of 1.34%.
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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