Acacia Mining PLC (ACA) Receives Consensus Recommendation of “Hold” from Analysts
Acacia Mining PLC (LON:ACA) has been given a consensus recommendation of “Hold” by the twenty analysts that are presently covering the firm. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 349.36 ($4.32).
A number of brokerages have recently weighed in on ACA. Numis Securities Ltd restated an “add” rating on shares of Acacia Mining PLC in a research report on Tuesday. Panmure Gordon restated a “hold” rating and issued a GBX 400 ($4.95) price target on shares of Acacia Mining PLC in a research report on Tuesday, September 27th. Peel Hunt cut Acacia Mining PLC to a “reduce” rating and raised their price target for the company from GBX 240 ($2.97) to GBX 441 ($5.46) in a research report on Thursday, September 22nd. Barclays PLC raised their price target on Acacia Mining PLC from GBX 340 ($4.21) to GBX 500 ($6.19) and gave the company an “equal weight” rating in a research report on Wednesday, September 21st. Finally, Beaufort Securities restated a “speculative buy” rating on shares of Acacia Mining PLC in a research report on Monday, September 19th.
Acacia Mining PLC (LON:ACA) traded up 1.86% on Thursday, reaching GBX 466.30. 604,267 shares of the company’s stock were exchanged. Acacia Mining PLC has a 1-year low of GBX 154.00 and a 1-year high of GBX 615.00. The company’s market capitalization is GBX 1.92 billion. The company has a 50 day moving average price of GBX 494.58 and a 200-day moving average price of GBX 429.67.
Acacia Mining PLC Company Profile
Acacia Mining Plc (Acacia), formerly African Barrick Gold Plc, is a gold miner and producer of gold in Africa. The Company is engaged in the mining, processing and sale of gold business. Its segments are North Mara gold mine, Bulyanhulu gold mine, Buzwagi gold mine, and Corporate and Exploration segment.
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