Acacia Mining PLC (ACA) Earns “Buy” Rating from Numis Securities Ltd
Acacia Mining PLC (LON:ACA)‘s stock had its “buy” rating reiterated by analysts at Numis Securities Ltd in a report issued on Monday. They currently have a GBX 450 ($6.07) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 147.66% from the company’s current price.
Other research analysts have also issued research reports about the stock. HSBC Holdings plc dropped their price target on shares of Acacia Mining PLC from GBX 540 ($7.28) to GBX 285 ($3.84) and set a “buy” rating on the stock in a research note on Friday, August 18th. Barclays PLC dropped their price target on shares of Acacia Mining PLC from GBX 450 ($6.07) to GBX 285 ($3.84) and set an “equal weight” rating on the stock in a research note on Friday, July 14th. Jefferies Group LLC dropped their price target on shares of Acacia Mining PLC from GBX 265 ($3.57) to GBX 240 ($3.24) and set a “hold” rating on the stock in a research note on Monday, July 24th. J P Morgan Chase & Co dropped their price target on shares of Acacia Mining PLC from GBX 340 ($4.58) to GBX 330 ($4.45) and set a “neutral” rating on the stock in a research note on Monday, July 24th. Finally, Credit Suisse Group downgraded shares of Acacia Mining PLC to a “neutral” rating and decreased their price objective for the stock from GBX 600 ($8.09) to GBX 200 ($2.70) in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 340.71 ($4.59).
Acacia Mining PLC (ACA) opened at 179.10 on Monday. The firm has a 50-day moving average of GBX 188.90 and a 200-day moving average of GBX 319.17. Acacia Mining PLC has a one year low of GBX 152.80 and a one year high of GBX 580.00. The firm’s market cap is GBX 735.26 million.
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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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