Acacia Mining PLC (ACA) Earns “Neutral” Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reaffirmed their neutral rating on shares of Acacia Mining PLC (LON:ACA) in a research report released on Friday morning. They currently have a GBX 230 ($3.06) price objective on the stock.
Other equities research analysts have also issued research reports about the company. HSBC Holdings plc lowered their price objective on Acacia Mining PLC from GBX 540 ($7.18) to GBX 285 ($3.79) and set a buy rating for the company in a research note on Friday, August 18th. Jefferies Group LLC lowered their price objective on Acacia Mining PLC from GBX 265 ($3.52) to GBX 240 ($3.19) and set a hold rating for the company in a research note on Monday, July 24th. Shore Capital reiterated a not rated rating on shares of Acacia Mining PLC in a research report on Monday, June 26th. Barclays PLC decreased their target price on Acacia Mining PLC from GBX 450 ($5.98) to GBX 285 ($3.79) and set an equal weight rating for the company in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reiterated an underperform rating and issued a GBX 285 ($3.79) target price on shares of Acacia Mining PLC in a research report on Thursday, June 29th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 333.57 ($4.43).
Acacia Mining PLC (ACA) opened at 187.30 on Friday. Acacia Mining PLC has a 12 month low of GBX 152.80 and a 12 month high of GBX 580.00. The firm’s market capitalization is GBX 768.92 million. The stock’s 50 day moving average price is GBX 189.59 and its 200-day moving average price is GBX 282.83.
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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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