Panmure Gordon Lowers Acacia Mining PLC (ACA) to Hold
Acacia Mining PLC (LON:ACA) was downgraded by research analysts at Panmure Gordon to a “hold” rating in a research note issued to investors on Friday. They presently have a GBX 400 ($5.33) target price on the stock. Panmure Gordon’s target price indicates a potential downside of 20.00% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 400 ($5.33) target price on shares of Acacia Mining PLC in a research report on Friday, June 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 340 ($4.53) target price on shares of Acacia Mining PLC in a research report on Monday, May 23rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a GBX 390 ($5.19) target price on shares of Acacia Mining PLC in a research report on Wednesday, June 1st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 326.40 ($4.35).
Shares of Acacia Mining PLC (LON:ACA) opened at 453.00 on Friday. The company’s market capitalization is GBX 1.86 billion. Acacia Mining PLC has a 12 month low of GBX 154.00 and a 12 month high of GBX 615.00. The company has a 50-day moving average of GBX 545.07 and a 200 day moving average of GBX 400.54.
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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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