A number of other brokerages have also recently commented on ACA. Canaccord Genuity cut shares of Acacia Mining PLC to a sell rating and raised their price objective for the stock from GBX 495 ($6.46) to GBX 505 ($6.59) in a research note on Friday, July 29th. Numis Securities Ltd reaffirmed an add rating on shares of Acacia Mining PLC in a research note on Tuesday, July 26th. Deutsche Bank AG raised their price objective on shares of Acacia Mining PLC from GBX 470 ($6.13) to GBX 500 ($6.53) and gave the stock a buy rating in a research note on Wednesday, July 6th. Royal Bank Of Canada reaffirmed an outperform rating on shares of Acacia Mining PLC in a research note on Wednesday, May 25th. Finally, Macquarie reaffirmed an underperform rating and set a GBX 210 ($2.74) price objective on shares of Acacia Mining PLC in a research note on Monday, May 23rd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 344.45 ($4.50).
Shares of Acacia Mining PLC (LON:ACA) opened at 507.00 on Monday. The stock’s market cap is GBX 2.08 billion. Acacia Mining PLC has a 1-year low of GBX 154.00 and a 1-year high of GBX 615.00. The company’s 50-day moving average is GBX 533.21 and its 200-day moving average is GBX 408.55.
Acacia Mining PLC Company Profile
Acacia Mining Plc (Acacia), formerly African Barrick Gold Plc, is a gold miner and producer of gold in Africa. The Company is engaged in the mining, processing and sale of gold business. Its segments are North Mara gold mine, Bulyanhulu gold mine, Buzwagi gold mine, and Corporate and Exploration segment.
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