Acacia Mining PLC (ACA) Given Average Rating of “Hold” by Brokerages
Shares of Acacia Mining PLC (LON:ACA) have earned an average rating of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 340.71 ($4.59).
A number of equities analysts recently commented on ACA shares. Citigroup Inc. reiterated a “sell” rating and issued a GBX 270 ($3.64) price target on shares of Acacia Mining PLC in a research note on Tuesday, June 13th. Peel Hunt reiterated a “reduce” rating and issued a GBX 237 ($3.20) price target on shares of Acacia Mining PLC in a research note on Friday, July 21st. Jefferies Group LLC decreased their price target on Acacia Mining PLC from GBX 450 ($6.07) to GBX 265 ($3.57) and set a “hold” rating for the company in a research note on Friday, May 26th. Barclays PLC decreased their price target on Acacia Mining PLC from GBX 450 ($6.07) to GBX 285 ($3.84) and set an “equal weight” rating for the company in a research note on Friday, July 14th. Finally, Charles Stanley reiterated a “sell” rating and issued a GBX 210 ($2.83) price target on shares of Acacia Mining PLC in a research note on Tuesday, September 5th.
Shares of Acacia Mining PLC (ACA) opened at 181.70 on Friday. The company has a 50 day moving average price of GBX 188.90 and a 200-day moving average price of GBX 319.17. Acacia Mining PLC has a 12 month low of GBX 152.80 and a 12 month high of GBX 580.00. The firm’s market capitalization is GBX 745.93 million.
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Acacia Mining PLC 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.
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