Peel Hunt Reiterates “Reduce” Rating for Acacia Mining PLC (ACA)

Peel Hunt reaffirmed their reduce rating on shares of Acacia Mining PLC (LON:ACA) in a research note published on Friday, July 21st. The brokerage currently has a GBX 237 ($3.08) target price on the stock.

ACA has been the topic of several other reports. Jefferies Group LLC restated a hold rating and set a GBX 475 ($6.17) price target on shares of Acacia Mining PLC in a report on Tuesday, April 18th. Shore Capital restated a not rated rating on shares of Acacia Mining PLC in a report on Friday, March 24th. J P Morgan Chase & Co cut Acacia Mining PLC to a neutral rating and reduced their price target for the stock from GBX 610 ($7.92) to GBX 500 ($6.49) in a report on Wednesday, March 29th. Panmure Gordon restated an under review rating on shares of Acacia Mining PLC in a report on Thursday, April 20th. Finally, Citigroup Inc. restated a sell rating and set a GBX 380 ($4.93) price target on shares of Acacia Mining PLC in a report on Monday, April 3rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Acacia Mining PLC currently has a consensus rating of Hold and an average target price of GBX 354.62 ($4.60).

Acacia Mining PLC (LON:ACA) traded up 6.58% on Friday, reaching GBX 194.30. 2,419,128 shares of the company’s stock were exchanged. The company’s market cap is GBX 797.66 million. The stock’s 50 day moving average is GBX 226.92 and its 200 day moving average is GBX 365.94. Acacia Mining PLC has a 52 week low of GBX 152.80 and a 52 week high of GBX 609.50.

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Acacia Mining PLC Company Profile

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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