Acacia Mining (LON:ACA) Rating Restated

Acacia Mining (LON:ACA) had its stock rating noted as “Underperform” by analysts at Macquarie. Macquarie currently has a GBX 210.00 target on the 1.37 billion GBP market cap company or -36.71 % downside potential. This was disclosed to clients in analysts note on Monday morning.

LON:ACA is right now trading -0.39% lower at GBX 331.90 as of 11:46 London time. Acacia Mining’s stock is up 41.72% in the past 200 days. It has outperformed the S&P 500 Index, which has decreased -2.26% in the same time.

LON:ACA Price Chart & Trend

The stock price of Acacia Mining has risen 41.72% over the last 200 days, and is in reinforcing up trend. In the last 50 and 100 days, Acacia Mining is up 27.28% and up 78.37%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Acacia Mining (LON:ACA) Profile

Acacia Mining Plc (Acacia), formerly African Barrick Gold Plc, is a gold miner and producer of gold in Africa. The Company is engaged in the mining, processing and sale of gold business. Its segments are North Mara gold mine, Bulyanhulu gold mine, Buzwagi gold mine, and Corporate and Exploration segment.

Acacia Mining (LON:ACA) traded down -0.39% on 23 May, hitting GBX 331.9. A total of 358,981 shares of the company’s stock traded hands. This is down from average of 630,451 shares. Acacia Mining has a 52 week low of GBX 154.00 and a 52 week high of GBX 355.18. The company has a market cap of 1.37B GBX and a P/E ratio of 0.

Get the latest Acacia Mining (LON:ACA) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Macquarie Analyst Reaffirmed GBX 210.00 Price Target on Acacia Mining (LON:ACA) stock, While Reiterating “Underperform” Rating appeared first on Octafinance.