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Acacia Mining PLC 57.3% Potential Upside Indicated by Citigroup

Acacia Mining PLC with EPIC/TICKER (LON:ACA) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘SELL’ this morning by analysts at Citigroup. Acacia Mining PLC are listed in the Basic Materials sector within UK Main Market. Citigroup have set a target price of 220 GBX on its stock. This would imply the analyst believes there is now a potential upside of 57.3% from today’s opening price of 139.9 GBX. Over the last 30 and 90 trading days the company share price has increased 3.1 points and decreased 55.8 points respectively. The 52 week high for the share price is currently at 508.5 GBX while the 52 week low for the stock is 130 GBX.

Acacia Mining PLC has a 50 day moving average of 157.84 GBX and a 200 day moving average of 190.81. There are currently 274,312,642 shares in issue with the average daily volume traded being 1,592,686. Market capitalisation for LON:ACA is £564,981,235 GBP.