Does Acacia Mining PLC Have Any Gas After Today’s Huge Decline?

 Does Acacia Mining PLC Have Any Gas After Today's Huge Decline?

The stock of Acacia Mining PLC (LON:ACA) is a huge mover today! The stock decreased 0.85% or GBX 3.47 on November 23, hitting GBX 404.33. About 935,094 shares traded hands or 8.88% up from the average. Acacia Mining PLC (LON:ACA) has risen 27.36% since April 26, 2016 and is uptrending. It has outperformed by 22.03% the S&P500.
The move comes after 8 months negative chart setup for the GBX 1.64B company. It was reported on Nov, 23 by We have GBX 376.03 PT which if reached, will make LON:ACA worth GBX 114.80M less.

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. GBX 720 is the highest target while GBX 168 is the lowest. The GBX 418.65 average target is 3.54% above today’s (GBX 404.33) stock price. Acacia Mining Plc has been the topic of 165 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Tuesday, November 15 with “Buy”. The company was maintained on Monday, August 3 by Numis Securities. The firm has “Hold” rating given on Thursday, October 22 by Deutsche Bank. The stock has “Outperform” rating given by RBC Capital Markets on Monday, April 11. Credit Suisse maintained Acacia Mining PLC (LON:ACA) on Tuesday, October 20 with “Outperform” rating. Jefferies maintained the shares of ACA in a report on Tuesday, February 16 with “Buy” rating. On Thursday, October 22 the stock rating was maintained by Citigroup with “Buy”. The stock has “Equal Weight” rating given by Barclays Capital on Tuesday, November 10. The stock has “Buy” rating given by Canaccord Genuity on Tuesday, October 6. On Tuesday, December 15 the stock rating was maintained by Credit Suisse with “Outperform”.

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 1.64 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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