Acacia Mining PLC (LON:ACA) Rating Lowered to Neutral at Credit Suisse Group
Acacia Mining PLC (LON:ACA) was downgraded by investment analysts at Credit Suisse Group to a “neutral” rating in a research note issued on Wednesday. They currently have a GBX 200 ($2.61) price target on the stock, down from their previous price target of GBX 600 ($7.82). Credit Suisse Group’s price target indicates a potential upside of 12.04% from the company’s current price.
A number of other research firms also recently weighed in on ACA. Citigroup Inc. restated a “sell” rating and set a GBX 270 ($3.52) target price on shares of Acacia Mining PLC in a research report on Tuesday, June 13th. Royal Bank Of Canada downgraded Acacia Mining PLC to an “underperform” rating and dropped their target price for the stock from GBX 450 ($5.86) to GBX 315 ($4.10) in a research report on Thursday, May 25th. Peel Hunt upgraded Acacia Mining PLC to an “add” rating and boosted their target price for the stock from GBX 434 ($5.65) to GBX 461 ($6.01) in a research report on Friday, May 5th. Panmure Gordon restated an “add” rating and set a GBX 403 ($5.25) target price on shares of Acacia Mining PLC in a research report on Monday, May 15th. Finally, Barclays PLC boosted their target price on Acacia Mining PLC from GBX 390 ($5.08) to GBX 450 ($5.86) and gave the stock an “equal weight” rating in a research report on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Acacia Mining PLC presently has a consensus rating of “Hold” and an average target price of GBX 360.42 ($4.70).
Acacia Mining PLC (ACA) opened at 176.40 on Wednesday. Acacia Mining PLC has a 12-month low of GBX 169.10 and a 12-month high of GBX 615.00. The stock’s market cap is GBX 724.17 million. The firm has a 50-day moving average price of GBX 275.25 and a 200-day moving average price of GBX 391.88.
About Acacia Mining PLC
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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