Jefferies Group LLC Trims Acacia Mining PLC (LON:ACA) Target Price to GBX 240

Acacia Mining PLC (LON:ACA) had its target price cut by Jefferies Group LLC from GBX 265 ($3.45) to GBX 240 ($3.13) in a research note published on Monday, July 24th. They currently have a hold rating on the stock.

Several other equities analysts have also recently commented on the stock. Peel Hunt reissued a reduce rating and set a GBX 237 ($3.09) target price on shares of Acacia Mining PLC in a research note on Friday, July 21st. Barclays PLC lowered their target price on shares of Acacia Mining PLC from GBX 450 ($5.86) to GBX 285 ($3.71) and set an equal weight rating on the stock in a research note on Friday, July 14th. J P Morgan Chase & Co reissued a neutral rating and set a GBX 340 ($4.43) target price on shares of Acacia Mining PLC in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed an underperform rating and issued a GBX 285 ($3.71) price objective on shares of Acacia Mining PLC in a research note on Thursday, June 29th. Finally, Shore Capital reaffirmed a not rated rating on shares of Acacia Mining PLC in a research note on Monday, June 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 360.42 ($4.69).

Shares of Acacia Mining PLC (LON ACA) opened at 191.20 on Monday. Acacia Mining PLC has a 12-month low of GBX 152.80 and a 12-month high of GBX 609.50. The stock’s market cap is GBX 784.93 million. The company’s 50-day moving average is GBX 241.18 and its 200-day moving average is GBX 373.57.

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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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