Acacia Mining PLC (LON:ACA) has been given a consensus rating of “Hold” by the sixteen research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 325.25 ($4.41).
A number of equities analysts have recently issued reports on ACA shares. Peel Hunt restated an “under review” rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Numis Securities reiterated a “buy” rating and issued a GBX 400 ($5.42) price objective on shares of Acacia Mining in a research report on Monday, October 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 230 ($3.12) price objective on shares of Acacia Mining in a research report on Monday, October 23rd. Jefferies Group lowered their price objective on shares of Acacia Mining from GBX 240 ($3.25) to GBX 195 ($2.64) and set a “hold” rating on the stock in a research report on Thursday, October 19th. Finally, Citigroup reiterated a “sell” rating on shares of Acacia Mining in a research report on Tuesday, January 16th.
Acacia Mining (LON:ACA) opened at GBX 193.75 ($2.63) on Friday. The stock has a market cap of $809.84 and a P/E ratio of 880.68. Acacia Mining has a 1 year low of GBX 152.80 ($2.07) and a 1 year high of GBX 545.50 ($7.40).
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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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