Acacia Mining PLC (LON:ACA) Stock Rating Lowered by Credit Suisse Group
Credit Suisse Group cut shares of Acacia Mining PLC (LON:ACA) to a neutral rating in a research note published on Wednesday. Credit Suisse Group currently has GBX 200 ($2.61) price objective on the stock, down from their prior price objective of GBX 600 ($7.82).
A number of other equities analysts have also weighed in on ACA. J P Morgan Chase & Co lowered shares of Acacia Mining PLC to a neutral rating and reduced their target price for the stock from GBX 610 ($7.95) to GBX 500 ($6.51) in a research note on Wednesday, March 29th. Citigroup Inc. reaffirmed a sell rating and issued a GBX 380 ($4.95) target price on shares of Acacia Mining PLC in a research note on Monday, April 3rd. Jefferies Group LLC reaffirmed a hold rating and issued a GBX 475 ($6.19) target price on shares of Acacia Mining PLC in a research note on Tuesday, April 18th. Panmure Gordon reaffirmed an under review rating on shares of Acacia Mining PLC in a research note on Thursday, April 20th. Finally, Barclays PLC upped their target price on shares of Acacia Mining PLC from GBX 390 ($5.08) to GBX 450 ($5.86) and gave the stock an equal weight rating in a research note on Friday, April 21st. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Acacia Mining PLC presently has a consensus rating of Hold and an average price target of GBX 360.42 ($4.70).
Shares of Acacia Mining PLC (ACA) opened at 174.40 on Wednesday. Acacia Mining PLC has a one year low of GBX 152.80 and a one year high of GBX 609.50. The company’s 50 day moving average price is GBX 271.10 and its 200 day moving average price is GBX 390.28. The stock’s market capitalization is GBX 715.96 million.
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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