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Acacia Mining PLC 19.5% Potential Upside Indicated by JP Morgan Cazenove

Acacia Mining PLC using EPIC/TICKER code (LON:ACA) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning 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 230 GBX on its stock. This indicates the analyst now believes there is a potential upside of 19.5% from today’s opening price of 192.5 GBX. Over the last 30 and 90 trading days the company share price has increased 10.7 points and decreased 92.7 points respectively. The 52 week high for the share price is currently at 580 GBX while the year low stock price is currently 152.8 GBX.

Acacia Mining PLC has a 50 day moving average of 193.93 GBX and the 200 Day Moving Average price is recorded at 345.27. There are currently 412,292,757 shares in issue with the average daily volume traded being 1,036,821. Market capitalisation for LON:ACA is £764,803,064 GBP.