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JP Morgan Cazenove reported on Acacia Mining Plc (LON:ACA), keeping its stock price target at 230.00GBX today

Yesterday Acacia Mining Plc (LON:ACA) traded -0.42% lower at 191.50GBX. The company’s 50-day moving average is 190.50GBX and its 200-day moving average is 287.74GBX. The last closing price is down -34.28% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 1,017,694 shares of the stock traded hands, down from an average trading volume of 2,002,330

In a report released on 10/13/2017 JP Morgan Cazenove hold steady the stock price target of Acacia Mining Plc (LON:ACA) from 230.00GBX to 230.00GBX indicating a possible upside of 0.20%.

Previously on 9/27/2017, JP Morgan Cazenove reported on Acacia Mining Plc (LON:ACA) increased the target price from 200.00GBX to 230.00GBX. At the time, this indicated a possible upside of 0.20%.

See Chart Below

Acacia Mining Plc (LON:ACA)

Acacia Mining Plc has a 52 week low of 152.80GBX and a 52 week high of 580.00GBX with a P/E ratio of 4.75 The company’s market cap is currently 0 GBX.

General Information About 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.

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