A number of other brokerages also recently weighed in on ACA. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 610 ($7.88) target price on shares of Acacia Mining PLC in a research note on Tuesday, February 28th. Credit Suisse Group AG boosted their target price on Acacia Mining PLC from GBX 540 ($6.98) to GBX 600 ($7.75) and gave the stock an outperform rating in a research note on Wednesday, February 15th. Numis Securities Ltd upgraded Acacia Mining PLC to a buy rating and boosted their target price for the stock from GBX 500 ($6.46) to GBX 600 ($7.75) in a research note on Wednesday, February 15th. Jefferies Group LLC boosted their target price on Acacia Mining PLC from GBX 550 ($7.11) to GBX 575 ($7.43) and gave the stock a buy rating in a research note on Wednesday, February 15th. Finally, Deutsche Bank AG cut their target price on Acacia Mining PLC from GBX 590 ($7.62) to GBX 570 ($7.37) and set a buy rating on the stock in a research note on Friday, March 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 401.36 ($5.19).
Shares of Acacia Mining PLC (ACA) opened at 298.90 on Monday. The firm has a 50-day moving average price of GBX 370.18 and a 200 day moving average price of GBX 419.06. The company’s market cap is GBX 1.23 billion. Acacia Mining PLC has a 1-year low of GBX 250.00 and a 1-year high of GBX 615.00.
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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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