Analysts Set Acacia Mining PLC (ACA) Target Price at $326.00

Acacia Mining PLC (LON:ACA) has received an average rating of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 326 ($4.29).

ACA has been the subject of a number of research reports. Shore Capital Group Limited reaffirmed a “not rated” rating on shares of Acacia Mining PLC in a research note on Thursday, November 2nd. Shore Capital reaffirmed a “not rated” rating on shares of Acacia Mining PLC in a research note on Thursday, November 2nd. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 237 ($3.12) price objective on shares of Acacia Mining PLC in a research note on Friday, July 21st. Barclays PLC cut their price objective on shares of Acacia Mining PLC from GBX 285 ($3.75) to GBX 225 ($2.96) and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. Finally, Jefferies Group LLC cut their price objective on shares of Acacia Mining PLC from GBX 240 ($3.16) to GBX 195 ($2.56) and set a “hold” rating for the company in a research note on Thursday, October 19th.

Shares of Acacia Mining PLC (LON:ACA) traded down GBX 2.20 ($0.03) during trading on Friday, hitting GBX 175.80 ($2.31). 1,005,880 shares of the stock were exchanged, 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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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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