Acacia Mining PLC (ACA) Receives Average Rating of “Hold” from Analysts

Acacia Mining PLC (LON:ACA) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 162.48 ($2.12).

Several equities research analysts have recently issued reports on the stock. Berenberg Bank raised their price objective on shares of Acacia Mining from GBX 140 ($1.83) to GBX 214 ($2.80) and gave the stock a “sell” rating in a research note on Monday, February 25th. Peel Hunt assumed coverage on shares of Acacia Mining in a research note on Monday, March 4th. They issued an “add” rating and a GBX 230 ($3.01) price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Acacia Mining from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock an “underweight” rating in a research note on Wednesday, April 10th. Barclays raised their price objective on shares of Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, Royal Bank of Canada restated a “sector performer” rating and issued a GBX 130 ($1.70) price objective on shares of Acacia Mining in a research note on Monday, February 11th.

Shares of Acacia Mining stock opened at GBX 151.69 ($1.98) on Thursday. The firm has a market capitalization of $622.06 million and a PE ratio of 303.38. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.60 and a current ratio of 1.43. Acacia Mining has a 1 year low of GBX 93.56 ($1.22) and a 1 year high of GBX 268.20 ($3.50).

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.

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Analyst Recommendations for Acacia Mining (LON:ACA)

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