Acacia Mining PLC (ACA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Acacia Mining PLC (LON:ACA) have earned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 227.30 ($3.21).

A number of equities analysts recently commented on the stock. Numis Securities reaffirmed a “buy” rating and set a GBX 300 ($4.24) price target on shares of Acacia Mining in a research report on Tuesday, January 16th. Citigroup reaffirmed a “sell” rating on shares of Acacia Mining in a research report on Tuesday, January 16th. JPMorgan Chase reaffirmed an “underweight” rating and set a GBX 170 ($2.40) price target on shares of Acacia Mining in a research report on Tuesday, January 16th. Barclays lowered their price target on shares of Acacia Mining from GBX 225 ($3.18) to GBX 220 ($3.11) and set an “equal weight” rating on the stock in a research report on Monday, January 8th. Finally, Peel Hunt reaffirmed an “under review” rating on shares of Acacia Mining in a research report on Tuesday, December 19th.

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LON:ACA opened at GBX 137.90 ($1.95) on Wednesday. Acacia Mining has a 52 week low of GBX 130 ($1.84) and a 52 week high of GBX 508.50 ($7.19).

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Acacia Mining Company Profile

Acacia Mining plc is primarily engaged in the business of mining, processing and sale of gold. The Company has three operating mines located in Tanzania. The Company’s segments are North Mara gold mine, Bulyanhulu gold mine and Buzwagi gold mine. The North Mara gold deposits are situated in the Mara Musoma greenstone belt.

Analyst Recommendations for Acacia Mining (LON:ACA)

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