Acacia Mining PLC (ACA) Receives GBX 255.73 Average Price Target from Brokerages

Shares of Acacia Mining PLC (LON:ACA) have received an average rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 224.30 ($3.10).

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Acacia Mining from GBX 190 ($2.63) to GBX 180 ($2.49) and set an “underweight” rating on the stock in a research note on Tuesday, February 13th. Royal Bank of Canada reissued a “sector perform” rating on shares of Acacia Mining in a research note on Monday, February 12th. Citigroup reissued a “sell” rating and issued a GBX 160 ($2.21) target price on shares of Acacia Mining in a research note on Tuesday, February 13th. Numis Securities reissued a “buy” rating and issued a GBX 250 ($3.45) target price on shares of Acacia Mining in a research note on Tuesday, February 13th. Finally, Berenberg Bank reissued a “sell” rating and issued a GBX 140 ($1.93) target price on shares of Acacia Mining in a research note on Friday, March 9th.

Shares of Acacia Mining (LON ACA) traded down GBX 8 ($0.11) during mid-day trading on Friday, hitting GBX 139.75 ($1.93). 495,798 shares of the stock were exchanged, compared to its average volume of 1,700,000. Acacia Mining has a fifty-two week low of GBX 130 ($1.80) and a fifty-two week high of GBX 508.50 ($7.03). The stock has a market cap of $604.88 and a P/E ratio of -112.70.

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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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