Acacia Mining PLC (ACA) Given Consensus Recommendation of “Hold” by Brokerages
Acacia Mining PLC (LON:ACA) has been assigned a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 318.31 ($4.26).
A number of equities research analysts have commented on ACA shares. Numis Securities reissued a “buy” rating and issued a GBX 450 ($6.02) target price on shares of Acacia Mining in a report on Monday, September 25th. Barclays reduced their target price on Acacia Mining from GBX 285 ($3.81) to GBX 225 ($3.01) and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Jefferies Group cut their price target on Acacia Mining from GBX 240 ($3.21) to GBX 195 ($2.61) and set a “hold” rating for the company in a research note on Thursday, October 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 230 ($3.08) price target on shares of Acacia Mining in a research note on Monday, October 23rd. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Acacia Mining in a research note on Friday, October 13th.
Shares of Acacia Mining (ACA) opened at GBX 198.50 ($2.65) on Monday. Acacia Mining has a fifty-two week low of GBX 152.80 ($2.04) and a fifty-two week high of GBX 545.50 ($7.29). The firm has a market capitalization of $811.17 and a price-to-earnings ratio of 863.04.
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Acacia Mining 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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