Beaufort Securities Reiterates “Speculative Buy” Rating for Acacia Mining PLC (ACA)
Acacia Mining PLC (LON:ACA)‘s stock had its “speculative buy” rating reissued by research analysts at Beaufort Securities in a report issued on Monday.
Several other equities research analysts also recently issued reports on the company. Numis Securities Ltd restated an “add” rating and issued a GBX 400 ($5.22) price target on shares of Acacia Mining PLC in a report on Friday, June 10th. Deutsche Bank AG restated a “buy” rating on shares of Acacia Mining PLC in a report on Monday, July 25th. JPMorgan Chase & Co. increased their price target on Acacia Mining PLC from GBX 310 ($4.05) to GBX 440 ($5.74) and gave the stock an “overweight” rating in a report on Tuesday, July 5th. HSBC upgraded Acacia Mining PLC to a “buy” rating in a report on Thursday, September 15th. Finally, Jefferies Group restated a “buy” rating and issued a GBX 390 ($5.09) price target on shares of Acacia Mining PLC in a report on Wednesday, June 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 334.40 ($4.36).
Shares of Acacia Mining PLC (LON:ACA) opened at 486.10 on Monday. The company has a 50-day moving average price of GBX 537.65 and a 200 day moving average price of GBX 406.35. 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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