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Acacia Mining PLC 29.7% Potential Upside Indicated by Berenberg

Acacia Mining PLC using EPIC/TICKER code (LON:ACA) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘HOLD’ today by analysts at Berenberg. Acacia Mining PLC are listed in the Basic Materials sector within UK Main Market. Berenberg have set their target price at 224 GBX on its stock. This would imply the analyst believes there is now a potential upside of 29.7% from today’s opening price of 172.7 GBX. Over the last 30 and 90 trading days the company share price has increased 21.7 points and decreased 24.1 points respectively. The 1 year high for the stock price is 268.2 GBX while the 52 week low is 93.56 GBX.

Acacia Mining PLC has a 50 day moving average of 165.06 GBX and a 200 day moving average of 179.45. There are currently 410,085,499 shares in issue with the average daily volume traded being 659,859. Market capitalisation for LON:ACA is £718,469,781 GBP.