Numis Securities Ltd Trims Acacia Mining PLC (ACA) Target Price to GBX 450

Acacia Mining PLC (LON:ACA) had its price target lowered by Numis Securities Ltd from GBX 500 ($6.46) to GBX 450 ($5.81) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the stock.

ACA has been the topic of a number of other reports. Jefferies Group LLC dropped their target price on shares of Acacia Mining PLC from GBX 265 ($3.42) to GBX 240 ($3.10) and set a hold rating on the stock in a research report on Monday, July 24th. Barclays PLC reaffirmed an equal weight rating on shares of Acacia Mining PLC in a research report on Monday, June 5th. J P Morgan Chase & Co dropped their target price on shares of Acacia Mining PLC from GBX 500 ($6.46) to GBX 340 ($4.39) and set a neutral rating on the stock in a research report on Monday, June 5th. HSBC Holdings plc dropped their target price on shares of Acacia Mining PLC from GBX 540 ($6.97) to GBX 285 ($3.68) and set a buy rating on the stock in a research report on Friday, August 18th. Finally, Citigroup Inc. reaffirmed a sell rating and issued a GBX 270 ($3.49) target price on shares of Acacia Mining PLC in a research report on Monday, June 5th. Four investment 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. Acacia Mining PLC currently has an average rating of Hold and a consensus target price of GBX 340.71 ($4.40).

Shares of Acacia Mining PLC (ACA) opened at 192.80 on Tuesday. Acacia Mining PLC has a 12 month low of GBX 152.80 and a 12 month high of GBX 580.00. The stock’s market capitalization is GBX 791.50 million. The firm has a 50 day moving average of GBX 194.50 and a 200-day moving average of GBX 339.16.

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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.

Analyst Recommendations for Acacia Mining PLC (LON:ACA)

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