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Acacia Mining PLC 12.2% Potential Decrease Indicated by JP Morgan Cazenove

Acacia Mining PLC using EPIC/TICKER code (LON:ACA) has 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 their target price at 170 GBX on its stock. This now indicates the analyst believes there is a potential downside of -12.2% from today’s opening price of 193.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 1.2 points and increased 4.5 points respectively. The 1 year high for the share price is 545.5 GBX while the 52 week low for the share price is 152.8 GBX.

Acacia Mining PLC has a 50 day moving average of 188.04 GBX and the 200 Day Moving Average price is recorded at 244.72. There are currently 411,327,339 shares in issue with the average daily volume traded being 1,051,390. Market capitalisation for LON:ACA is £797,358,072 GBP.