JPMorgan Chase & Co. Reaffirms “Underweight” Rating for Acacia Mining (ACA)

Acacia Mining (LON:ACA)‘s stock had its “underweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday.

A number of other equities analysts also recently weighed in on ACA. Jefferies Financial Group restated a “hold” rating and set a GBX 145 ($1.89) target price (down from GBX 195 ($2.55)) on shares of Acacia Mining in a report on Wednesday, October 17th. Peel Hunt restated an “under review” rating on shares of Acacia Mining in a report on Friday, October 19th. Barclays reiterated an “overweight” rating on shares of Acacia Mining in a report on Friday, January 4th. Royal Bank of Canada downgraded shares of Acacia Mining to a “sector performer” rating in a report on Friday, January 25th. Finally, Shore Capital reiterated a “not rated” rating on shares of Acacia Mining in a report on Monday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 163.63 ($2.14).

Shares of ACA opened at GBX 189.27 ($2.47) on Tuesday. Acacia Mining has a 1-year low of GBX 130 ($1.70) and a 1-year high of GBX 508.50 ($6.64).

Acacia Mining Company Profile

Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company has three gold mines in north-west Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and a portfolio of exploration projects at various stages of development in Tanzania, Kenya, Burkina Faso, and Mali.

Featured Article: Why do earnings reports matter?

Analyst Recommendations for Acacia Mining (LON:ACA)

Receive News & Ratings for Acacia Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply