Acacia Mining Plc (LON:ACA) had its stock price target hold steady to 270.00GBX by Citigroup in a report released 06/05/2017. The new target price indicates a possible downside of -0.17% based on the company's most recent stock price close.
Displaying a price of 326.50GBX, Acacia Mining Plc (LON:ACA) traded -0.82% lower on the day. With the last close up -35.15% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the date range. Acacia Mining Plc has recorded a 50-day average of 188.84GBX and a two hundred day average of 279.09GBX. Trading volume was down over the average, with 340,988 shares of ACA changing hands under the typical 1,986,930
Acacia Mining Plc has P/E ratio of 4.55 with a 52 week low of 152.80GBX and a 52 week high of 580.00GBX and has a market capitalization of 0 GBX.
Brief Synopsis On Acacia Mining Plc (LON:ACA)
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. The North Mara gold mine is a combined open pit and underground operation from two deposits, Gokona (underground) and Nyabirama (open pit). The Bulyanhulu is a narrow-vein gold mine containing gold, silver and copper mineralization in sulfides. The Buzwagi is a shear-hosted quartz-veined deposit, hosted in porphyritic granite. The Buzwagi mine is a low grade bulk deposit with a single large open pit. It also has a portfolio of exploration projects located across Africa. The Company primarily produces gold in Tanzania. In addition, the Company produces copper and silver as co-products.
The post A statement released earlier today by Citigroup about Acacia Mining Plc (LON:ACA) holds the target price at 270.00GBX appeared first on Octafinance.