Acacia Mining (LON:ACA) had its price objective cut by investment analysts at Barclays from GBX 171 ($2.21) to GBX 164 ($2.12) in a note issued to investors on Wednesday, July 18th. The brokerage presently has an “overweight” rating on the stock. Barclays’ target price indicates a potential upside of 34.87% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Numis Securities reaffirmed a “buy” rating on shares of Acacia Mining in a research note on Thursday, July 12th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 170 ($2.20) price target (down from GBX 180 ($2.33)) on shares of Acacia Mining in a report on Tuesday, June 26th. Peel Hunt restated an “under review” rating on shares of Acacia Mining in a report on Monday, June 25th. Citigroup raised their price target on shares of Acacia Mining from GBX 160 ($2.07) to GBX 220 ($2.85) and gave the stock a “sell” rating in a report on Friday, April 6th. Finally, Credit Suisse Group reduced their price objective on shares of Acacia Mining from GBX 200 ($2.59) to GBX 180 ($2.33) and set a “neutral” rating for the company in a report on Tuesday, March 20th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Acacia Mining has an average rating of “Hold” and a consensus price target of GBX 203.10 ($2.63).
Acacia Mining traded down GBX 3.80 ($0.05), hitting GBX 121.60 ($1.57), on Wednesday, Marketbeat Ratings reports. The company had a trading volume of 725,236 shares, compared to its average volume of 1,700,000. Acacia Mining has a 52 week low of GBX 130 ($1.68) and a 52 week high of GBX 508.50 ($6.58).
Acacia Mining Company Profile
Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company has three gold mines in north-west Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and a portfolio of exploration projects at various stages of development in Tanzania, Kenya, Burkina Faso, and Mali.
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