Acacia Mining (ACA) Price Target Lowered to GBX 300 at Numis Securities
Acacia Mining (LON:ACA) had its price objective decreased by Numis Securities from GBX 400 ($5.38) to GBX 300 ($4.04) in a research report sent to investors on Friday. Numis Securities currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the stock. Shore Capital Group reaffirmed a not rated rating on shares of Acacia Mining in a research note on Thursday, November 2nd. Shore Capital reaffirmed a not rated rating on shares of Acacia Mining in a research note on Thursday, November 2nd. Peel Hunt reaffirmed an under review rating on shares of Acacia Mining in a research note on Thursday, November 2nd. Citigroup reaffirmed a sell rating and set a GBX 170 ($2.29) target price on shares of Acacia Mining in a research note on Tuesday, October 24th. Finally, Barclays decreased their target price on shares of Acacia Mining from GBX 285 ($3.84) to GBX 225 ($3.03) and set an equal weight rating on the stock in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Acacia Mining presently has a consensus rating of Hold and an average price target of GBX 312.50 ($4.21).
Shares of Acacia Mining (LON:ACA) traded up GBX 3.60 ($0.05) during mid-day trading on Friday, reaching GBX 179.40 ($2.41). 2,186,038 shares of the company’s stock traded hands, compared to its average volume of 1,440,000. Acacia Mining has a 1 year low of GBX 152.80 ($2.06) and a 1 year high of GBX 545.50 ($7.34).
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About Acacia Mining
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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