Acacia Mining PLC’s (ACA) Buy Rating Reaffirmed at Numis Securities Ltd

Acacia Mining PLC (LON:ACA)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a research note issued to investors on Monday. They currently have a GBX 400 ($5.28) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 115.40% from the company’s previous close.

Other analysts have also recently issued reports about the company. HSBC Holdings plc cut their price objective on Acacia Mining PLC from GBX 540 ($7.13) to GBX 285 ($3.76) and set a “buy” rating on the stock in a research report on Friday, August 18th. Barclays PLC cut their price objective on Acacia Mining PLC from GBX 450 ($5.94) to GBX 285 ($3.76) and set an “equal weight” rating on the stock in a research report on Friday, July 14th. Jefferies Group LLC cut their price objective on Acacia Mining PLC from GBX 265 ($3.50) to GBX 240 ($3.17) and set a “hold” rating on the stock in a research report on Monday, July 24th. Credit Suisse Group cut Acacia Mining PLC to a “neutral” rating and cut their price objective for the company from GBX 600 ($7.92) to GBX 200 ($2.64) in a research report on Wednesday, July 26th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 330 ($4.35) price objective on shares of Acacia Mining PLC in a research report on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 319.64 ($4.22).

Acacia Mining PLC (ACA) opened at 186.40 on Monday. The company’s market cap is GBX 765.22 million. Acacia Mining PLC has a one year low of GBX 152.80 and a one year high of GBX 580.00. The firm has a 50-day moving average price of GBX 187.07 and a 200 day moving average price of GBX 269.32.

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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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