Peel Hunt lowered shares of Acacia Mining PLC (LON:ACA) to a reduce rating in a research report sent to investors on Thursday morning. Peel Hunt currently has GBX 441 ($5.76) price objective on the stock, up from their previous price objective of GBX 240 ($3.13).
Several other analysts also recently commented on the stock. Deutsche Bank AG upped their price target on shares of Acacia Mining PLC from GBX 340 ($4.44) to GBX 470 ($6.13) and gave the company a buy rating in a research report on Sunday, June 26th. Numis Securities Ltd reiterated an add rating on shares of Acacia Mining PLC in a research report on Wednesday, July 20th. HSBC upgraded shares of Acacia Mining PLC to a buy rating in a research report on Thursday, September 15th. Beaufort Securities reiterated a buy rating on shares of Acacia Mining PLC in a research report on Tuesday, August 2nd. Finally, Barclays PLC upped their price target on shares of Acacia Mining PLC from GBX 340 ($4.44) to GBX 500 ($6.53) and gave the company an equal weight rating in a research report on Wednesday, September 21st. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 344.45 ($4.50).
Shares of Acacia Mining PLC (LON:ACA) opened at 506.50 on Thursday. Acacia Mining PLC has a 12 month low of GBX 154.00 and a 12 month high of GBX 615.00. The firm’s market cap is GBX 2.08 billion. The stock has a 50 day moving average of GBX 527.61 and a 200 day moving average of GBX 412.73.
About Acacia Mining PLC
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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