Acacia Mining (ACA) PT Lowered to GBX 300 at Numis Securities
Acacia Mining (LON:ACA) had its price target cut by Numis Securities from GBX 400 ($5.38) to GBX 300 ($4.04) in a research note released on Friday morning. They currently have a buy rating on the stock.
A number of other equities analysts have also recently commented on the stock. Shore Capital Group reiterated a not rated rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Shore Capital reiterated a not rated rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Peel Hunt reiterated an under review rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Citigroup reiterated a sell rating and issued a GBX 170 ($2.29) target price on shares of Acacia Mining in a research report on Tuesday, October 24th. Finally, Barclays cut their price target 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 report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 312.50 ($4.21).
Shares of Acacia Mining (LON ACA) opened at GBX 180.50 ($2.43) on Friday. Acacia Mining has a 12-month low of GBX 152.80 ($2.06) and a 12-month high of GBX 545.50 ($7.34).
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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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