Citigroup Inc. restated their sell rating on shares of Acacia Mining PLC (LON:ACA) in a research note published on Tuesday morning. Citigroup Inc. currently has a GBX 170 ($2.24) target price on the stock.
ACA has been the topic of several other reports. Peel Hunt restated a reduce rating and issued a GBX 237 ($3.13) price objective on shares of Acacia Mining PLC in a research report on Friday, July 21st. JPMorgan Chase & Co. increased their target price on Acacia Mining PLC from GBX 200 ($2.64) to GBX 230 ($3.04) and gave the stock a neutral rating in a research report on Wednesday, September 27th. Numis Securities Ltd reiterated a buy rating and set a GBX 450 ($5.94) target price on shares of Acacia Mining PLC in a research report on Monday, September 25th. Barclays PLC reduced their target price on Acacia Mining PLC from GBX 285 ($3.76) to GBX 225 ($2.97) and set an equal weight rating on the stock in a research report on Tuesday. Finally, Credit Suisse Group downgraded Acacia Mining PLC to a neutral rating and reduced their target price for the stock from GBX 600 ($7.92) to GBX 200 ($2.64) in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 319.64 ($4.22).
Shares of Acacia Mining PLC (ACA) opened at 186.40 on Tuesday. The company’s 50 day moving average price is GBX 187.07 and its 200-day moving average price is GBX 269.32. 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 765.22 million.
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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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