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Acacia Mining PLC 11.3% Potential Decrease Indicated by JP Morgan Cazenove

Acacia Mining PLC with EPIC/TICKER (LON:ACA) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at JP Morgan Cazenove. Acacia Mining PLC are listed in the Basic Materials sector within UK Main Market. JP Morgan Cazenove have set a target price of 130 GBX on its stock. This would indicate that the analyst believes there is a downside of -11.3% from the opening price of 146.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 56.2 points and decreased 52.4 points respectively. The 52 week high share price is 268.2 GBX while the 52 week low for the share price is 93.56 GBX.

Acacia Mining PLC has a 50 day moving average of 190.39 GBX and a 200 Day Moving Average share price is recorded at 173.42. There are currently 410,085,499 shares in issue with the average daily volume traded being 805,108. Market capitalisation for LON:ACA is £613,487,931 GBP.