Acacia Mining PLC (ACA) Receives not rated Rating from Shore Capital

Shore Capital restated their not rated rating on shares of Acacia Mining PLC (LON:ACA) in a research report sent to investors on Thursday.

Other equities research analysts also recently issued reports about the company. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 330 ($4.35) target price on shares of Acacia Mining PLC in a report on Tuesday, September 5th. HSBC Holdings plc lowered their target price on Acacia Mining PLC from GBX 540 ($7.13) to GBX 285 ($3.76) and set a buy rating for the company in a report on Friday, August 18th. Peel Hunt reiterated an under review rating on shares of Acacia Mining PLC in a report on Thursday. Jefferies Group LLC lowered their target price on Acacia Mining PLC from GBX 265 ($3.50) to GBX 240 ($3.17) and set a hold rating for the company in a report on Monday, July 24th. Finally, Citigroup Inc. reiterated a sell rating and issued a GBX 170 ($2.24) target price on shares of Acacia Mining PLC in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 319.64 ($4.22).

Shares of Acacia Mining PLC (ACA) opened at GBX 175.80 ($2.32) 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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