Acacia Mining PLC (ACA) Receives GBX 165 Consensus PT from Brokerages

Acacia Mining PLC (LON:ACA) has earned an average recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 165 ($2.16).

ACA has been the subject of several recent analyst reports. Barclays restated an “overweight” rating on shares of Acacia Mining in a research note on Friday, January 4th. Jefferies Financial Group restated a “hold” rating and issued a GBX 145 ($1.89) price target (down from GBX 195 ($2.55)) on shares of Acacia Mining in a research note on Wednesday, October 17th. JPMorgan Chase & Co. dropped their price target on Acacia Mining from GBX 170 ($2.22) to GBX 110 ($1.44) and set an “underweight” rating for the company in a research note on Thursday, October 18th. Peel Hunt restated an “under review” rating on shares of Acacia Mining in a research note on Friday, October 19th. Finally, Royal Bank of Canada dropped their price target on Acacia Mining from GBX 165 ($2.16) to GBX 130 ($1.70) and set a “sector perform” rating for the company in a research note on Tuesday, September 18th.

Acacia Mining stock traded down GBX 2.95 ($0.04) during midday trading on Friday, hitting GBX 191.80 ($2.51). The stock had a trading volume of 424,609 shares, compared to its average volume of 1,700,000. Acacia Mining has a 52-week low of GBX 130 ($1.70) and a 52-week high of GBX 508.50 ($6.64).

About Acacia Mining

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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