Acacia Mining PLC (ACA) Receives Average Recommendation of “Hold” from Analysts
Shares of Acacia Mining PLC (LON:ACA) have been given a consensus rating of “Hold” by the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 326 ($4.39).
ACA has been the topic of a number of research analyst reports. Shore Capital Group reaffirmed a “not rated” rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Shore Capital reaffirmed a “not rated” rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Barclays dropped their price target on Acacia Mining from GBX 285 ($3.84) to GBX 225 ($3.03) and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Peel Hunt reaffirmed an “under review” rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Finally, Jefferies Group dropped their price target on Acacia Mining from GBX 240 ($3.23) to GBX 195 ($2.62) and set a “hold” rating on the stock in a research report on Thursday, October 19th.
Acacia Mining (LON:ACA) opened at GBX 161.20 ($2.17) on Thursday. Acacia Mining has a one year low of GBX 152.80 ($2.06) and a one year high of GBX 545.50 ($7.34).
About Acacia Mining
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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