Acacia Mining PLC (LON:ACA)‘s stock had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. They currently have a GBX 230 ($3.02) target price on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 21.63% from the company’s current price.
A number of other research analysts also recently weighed in on ACA. HSBC Holdings plc reduced their target price on Acacia Mining PLC from GBX 540 ($7.10) to GBX 285 ($3.75) and set a “buy” rating on the stock in a report on Friday, August 18th. Charles Stanley reiterated a “sell” rating and set a GBX 210 ($2.76) target price on shares of Acacia Mining PLC in a report on Tuesday, September 5th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 450 ($5.92) target price on shares of Acacia Mining PLC in a report on Monday, September 25th. Shore Capital reiterated a “not rated” rating on shares of Acacia Mining PLC in a report on Monday, June 26th. Finally, Peel Hunt reiterated a “reduce” rating and set a GBX 237 ($3.12) target price on shares of Acacia Mining PLC in a report on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Acacia Mining PLC has an average rating of “Hold” and a consensus price target of GBX 333.57 ($4.39).
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.
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