Acacia Mining PLC (ACA) Receives Under Review Rating from Peel Hunt
A number of other equities research analysts also recently weighed in on ACA. Numis Securities Ltd reissued a buy rating and set a GBX 450 ($5.94) price target on shares of Acacia Mining PLC in a research note on Monday, September 25th. HSBC Holdings plc dropped their price target on shares of Acacia Mining PLC from GBX 540 ($7.13) to GBX 285 ($3.76) and set a buy rating for the company in a research note on Friday, August 18th. Barclays PLC dropped their price target on shares of Acacia Mining PLC from GBX 450 ($5.94) to GBX 285 ($3.76) and set an equal weight rating for the company in a research note on Friday, July 14th. Jefferies Group LLC dropped their price target on shares of Acacia Mining PLC from GBX 265 ($3.50) to GBX 240 ($3.17) and set a hold rating for the company in a research note on Monday, July 24th. Finally, Credit Suisse Group downgraded shares of Acacia Mining PLC to a neutral rating and dropped their price target for the stock from GBX 600 ($7.92) to GBX 200 ($2.64) in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Acacia Mining PLC has a consensus rating of Hold and an average price target of GBX 319.64 ($4.22).
Shares of Acacia Mining PLC (LON:ACA) opened at GBX 175 ($2.31) on Thursday. Acacia Mining PLC has a 1 year low of GBX 152.80 ($2.02) and a 1 year high of GBX 580 ($7.65).
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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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