Time to Buy Acacia Mining PLC After Today’s Huge Increase?

 Time to Buy Acacia Mining PLC After Today's Huge Increase?

The stock of Acacia Mining PLC (LON:ACA) is a huge mover today! The stock decreased 7.30% or GBX 39.6 on November 10, hitting GBX 502.9. About 1.34M shares traded hands or 75.80% up from the average. Acacia Mining PLC (LON:ACA) has risen 81.38% since April 13, 2016 and is uptrending. It has outperformed by 75.73% the S&P500.
The move comes after 6 months positive chart setup for the GBX 2.07 billion company. It was reported on Nov, 10 by Barchart.com. We have GBX 809.67 PT which if reached, will make LON:ACA worth GBX 1.26B more.

Acacia Mining PLC (LON:ACA) Ratings Coverage

Out of 21 analysts covering Acacia Mining Plc (LON:ACA), 11 rate it a “Buy”, 5 “Sell”, while 5 “Hold”. This means 52% are positive. Acacia Mining Plc has been the topic of 163 analyst reports since July 22, 2015 according to StockzIntelligence Inc. HSBC upgraded Acacia Mining PLC (LON:ACA) rating on Thursday, September 15. HSBC has “Buy” rating and GBX 620 price target. The rating was maintained by Deutsche Bank with “Hold” on Thursday, October 22. Numis Securities maintained Acacia Mining PLC (LON:ACA) on Monday, July 25 with “Add” rating. The firm has “Overweight” rating given on Wednesday, October 21 by Barclays Capital. Macquarie Research maintained Acacia Mining PLC (LON:ACA) on Monday, November 16 with “Underperform” rating. The company was downgraded on Wednesday, January 20 by Investec. On Friday, April 22 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Buy” rating on Tuesday, May 31 by Deutsche Bank. Jefferies maintained Acacia Mining PLC (LON:ACA) on Friday, April 8 with “Buy” rating. The rating was maintained by Credit Suisse on Tuesday, July 28 with “Outperform”.

More news for Acacia Mining PLC (LON:ACA) were recently published by: Fool.Co.Uk, which released: “Is It Time To Sell Acacia Mining plc And Buy Centamin plc?” on March 18, 2016. Fool.Co.Uk‘s article titled: “Why Kaz Minerals plc (+76%), Acacia Mining plc (+91%) and Fresnillo plc (+51 …” and published on May 10, 2016 is yet another important article.

Acacia Mining Plc , formerly African Barrick Gold Plc, is a gold miner and producer of gold in Africa. The company has a market cap of 2.07 billion GBP. The Firm is engaged in the mining, processing and sale of gold business. It currently has negative earnings. The Company’s divisions are North Mara gold mine, Bulyanhulu gold mine, Buzwagi gold mine, and Corporate and Exploration segment.

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