Acacia Mining PLC (ACA) Receives Consensus Rating of “Hold” from Brokerages
Shares of Acacia Mining PLC (LON:ACA) have received a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 340.09 ($4.25).
ACA has been the subject of several research analyst reports. Canaccord Genuity reissued a “sell” rating and set a GBX 505 ($6.31) price objective on shares of Acacia Mining PLC in a research report on Friday, October 21st. Jefferies Group reissued a “buy” rating on shares of Acacia Mining PLC in a research report on Monday, October 24th. Barclays PLC reissued an “equal weight” rating and set a GBX 500 ($6.25) price objective on shares of Acacia Mining PLC in a research report on Monday, October 24th. Numis Securities Ltd reissued an “add” rating on shares of Acacia Mining PLC in a research report on Tuesday, July 26th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Acacia Mining PLC in a research report on Tuesday.
Shares of Acacia Mining PLC (LON:ACA) traded up 2.38% during mid-day trading on Thursday, hitting GBX 455.60. The company had a trading volume of 594,011 shares. The firm’s 50 day moving average is GBX 492.75 and its 200-day moving average is GBX 464.33. Acacia Mining PLC has a 12-month low of GBX 154.00 and a 12-month high of GBX 615.00. The firm’s market cap is GBX 1868.35 billion.
About Acacia Mining PLC
Acacia Mining Plc (Acacia), formerly African Barrick Gold Plc, is a gold miner and producer of gold in Africa. The Company is engaged in the mining, processing and sale of gold business. Its segments are North Mara gold mine, Bulyanhulu gold mine, Buzwagi gold mine, and Corporate and Exploration segment.
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