The Acacia Mining PLC’s (ACA) Sell Rating Reiterated at Citigroup Inc

The Acacia Mining PLC’s (ACA) Sell Rating Reiterated at Citigroup Inc

Other research analysts have also issued research reports about the company. Jefferies Group LLC cut their price target on Acacia Mining PLC from GBX 450 ($5.78) to GBX 265 ($3.40) and set a “hold” rating on the stock in a report on Friday, May 26th. Shore Capital restated a “not rated” rating on shares of Acacia Mining PLC in a report on Friday. Barclays PLC restated an “equal weight” rating on shares of Acacia Mining PLC in a report on Monday. JPMorgan Chase & Co. dropped their target price on Acacia Mining PLC from GBX 500 ($6.42) to GBX 340 ($4.37) and set a “neutral” rating on the stock in a report on Monday. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a GBX 600 ($7.71) target price on shares of Acacia Mining PLC in a report on Monday, March 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 401.36 ($5.16).

Acacia Mining PLC (LON:ACA)‘s stock had its “sell” rating reaffirmed by research analysts at Citigroup Inc in a research note issued to investors on Monday. They presently have a GBX 270 ($3.47) price objective on the stock. Citigroup Inc’s price objective indicates a potential downside of 6.70% from the company’s previous close.

Acacia Mining PLC (ACA) opened at 298.95 on Monday. Acacia Mining PLC has a 52-week low of GBX 250.00 and a 52-week high of GBX 615.00. The firm’s market cap is GBX 1.23 billion. The firm’s 50 day moving average price is GBX 388.47 and its 200 day moving average price is GBX 423.43.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:ACA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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