A number of other research analysts have also recently weighed in on the stock. Numis Securities Ltd restated a buy rating and set a GBX 400 ($5.28) target price on shares of Acacia Mining PLC in a research note on Monday, October 30th. Citigroup Inc. restated a sell rating and set a GBX 170 ($2.24) target price on shares of Acacia Mining PLC in a research note on Tuesday, October 24th. Barclays PLC lowered their target price on shares of Acacia Mining PLC from GBX 285 ($3.76) to GBX 225 ($2.97) and set an equal weight rating on the stock in a research note on Tuesday, October 24th. J P Morgan Chase & Co restated a neutral rating and set a GBX 230 ($3.04) target price on shares of Acacia Mining PLC in a research note on Monday, October 23rd. Finally, Jefferies Group LLC lowered their target price on shares of Acacia Mining PLC from GBX 240 ($3.17) to GBX 195 ($2.57) and set a hold rating on the stock in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price 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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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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