Acacia Mining (LON:ACA)‘s stock had its “sell” rating reissued by equities research analysts at Berenberg Bank in a research note issued on Monday, Digital Look reports. They presently have a GBX 214 ($2.80) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 25.29% from the company’s previous close.
Several other brokerages have also commented on ACA. JPMorgan Chase & Co. boosted their price objective on Acacia Mining from GBX 90 ($1.18) to GBX 100 ($1.31) and gave the stock an “underweight” rating in a report on Thursday, January 31st. Royal Bank of Canada lowered Acacia Mining to a “sector performer” rating in a report on Friday, January 25th. Peel Hunt restated an “add” rating on shares of Acacia Mining in a research report on Monday. Barclays boosted their target price on Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the stock an “overweight” rating in a research report on Friday. Finally, Shore Capital restated a “not rated” rating on shares of Acacia Mining in a research report on Monday, February 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 192.38 ($2.51).
Shares of LON ACA traded down GBX 21.20 ($0.28) during midday trading on Monday, hitting GBX 170.80 ($2.23). 921,152 shares of the company’s stock were exchanged, compared to its average volume of 1,700,000. Acacia Mining has a 12-month low of GBX 93.56 ($1.22) and a 12-month high of GBX 268.20 ($3.50). The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of $710.68 million and a price-to-earnings ratio of 11.86.
About Acacia Mining
Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company has three gold mines in north-west Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and a portfolio of exploration projects at various stages of development in Tanzania, Kenya, Burkina Faso, and Mali.
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