Acacia Mining (ACA) Stock Rating Reaffirmed by Royal Bank of Canada

Acacia Mining (LON:ACA)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank of Canada in a report released on Monday.

Other equities research analysts also recently issued research reports about the company. Numis Securities reissued a “buy” rating and issued a GBX 400 ($5.53) price target on shares of Acacia Mining in a report on Monday, October 30th. Barclays lowered their price target on Acacia Mining from GBX 285 ($3.94) to GBX 225 ($3.11) and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Shore Capital reissued a “not rated” rating on shares of Acacia Mining in a report on Thursday, November 2nd. Citigroup reissued a “sell” rating on shares of Acacia Mining in a report on Tuesday, January 16th. Finally, Jefferies Group lowered their price target on Acacia Mining from GBX 240 ($3.32) to GBX 195 ($2.69) and set a “hold” rating for the company in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Acacia Mining currently has a consensus rating of “Hold” and a consensus price target of GBX 307.86 ($4.25).

Acacia Mining (ACA) traded down GBX 9.41 ($0.13) on Monday, reaching GBX 162.49 ($2.24). The company’s stock had a trading volume of 5,140,000 shares, compared to its average volume of 873,775. Acacia Mining has a 52 week low of GBX 139.83 ($1.93) and a 52 week high of GBX 545.50 ($7.54). The stock has a market capitalization of $666.33 and a price-to-earnings ratio of 738.59.

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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.

Analyst Recommendations for Acacia Mining (LON:ACA)

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