Other research analysts have also issued research reports about the company. Numis Securities Ltd reissued a buy rating and set a GBX 450 ($5.92) price objective on shares of Acacia Mining PLC in a report on Monday, September 25th. decreased their target price on Acacia Mining PLC from GBX 540 ($7.10) to GBX 285 ($3.75) and set a buy rating for the company in a report on Friday, August 18th. Barclays PLC cut their target price on Acacia Mining PLC from GBX 450 ($5.92) to GBX 285 ($3.75) and set an equal weight rating on the stock in a research note on Friday, July 14th. Jefferies Group LLC decreased their price objective on Acacia Mining PLC from GBX 265 ($3.49) to GBX 240 ($3.16) and set a hold rating on the stock in a research note on Monday, July 24th. Finally, J P Morgan Chase & Co boosted their price objective on Acacia Mining PLC from GBX 200 ($2.63) to GBX 230 ($3.03) and gave the company a neutral rating in a report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 319.64 ($4.20).
Acacia Mining PLC (ACA) traded up GBX 3.40 ($0.04) during midday trading on Thursday, hitting GBX 182 ($2.39). The stock had a trading volume of 1,899,292 shares, compared to its average volume of 1,880,000. Acacia Mining PLC has a 12 month low of GBX 152.80 ($2.01) and a 12 month high of GBX 545.50 ($7.17).
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About Acacia Mining PLC
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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