Acacia Mining PLC (LON:ACA) shares traded up 12.8% on Thursday . The stock traded as high as GBX 258 ($3.37) and last traded at GBX 253.80 ($3.32). 4,167,568 shares traded hands during trading, an increase of 145% from the average session volume of 1,700,000 shares. The stock had previously closed at GBX 225 ($2.94).
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Acacia Mining from GBX 90 ($1.18) to GBX 100 ($1.31) and gave the stock an “underweight” rating in a research report on Thursday, January 31st. Royal Bank of Canada restated a “sector performer” rating and set a GBX 130 ($1.70) target price on shares of Acacia Mining in a research report on Monday, February 11th. Shore Capital restated a “not rated” rating on shares of Acacia Mining in a research report on Monday, February 11th. Finally, Barclays restated an “overweight” rating on shares of Acacia Mining in a research report on Friday, January 4th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 163.63 ($2.14).
About Acacia Mining (LON:ACA)
Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company has three gold mines in north-west Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and a portfolio of exploration projects at various stages of development in Tanzania, Kenya, Burkina Faso, and Mali.
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