Acacia Mining PLC (LON:ACA) Receives Consensus Rating of “Hold” from Brokerages
Shares of Acacia Mining PLC (LON:ACA) have been given an average rating of “Hold” by the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 360.42 ($4.69).
ACA has been the topic of a number of research analyst reports. Citigroup Inc. restated a “sell” rating and set a GBX 270 ($3.52) price target on shares of Acacia Mining PLC in a report on Tuesday, June 13th. Royal Bank Of Canada cut Acacia Mining PLC to an “underperform” rating and cut their price target for the stock from GBX 450 ($5.86) to GBX 315 ($4.10) in a report on Thursday, May 25th. Peel Hunt upgraded Acacia Mining PLC to an “add” rating and increased their price target for the stock from GBX 434 ($5.65) to GBX 461 ($6.00) in a report on Friday, May 5th. Panmure Gordon reiterated an “add” rating and issued a GBX 403 ($5.25) target price on shares of Acacia Mining PLC in a report on Monday, May 15th. Finally, Barclays PLC increased their target price on Acacia Mining PLC from GBX 390 ($5.08) to GBX 450 ($5.86) and gave the stock an “equal weight” rating in a report on Friday, April 21st.
Acacia Mining PLC (ACA) opened at 183.20 on Monday. The firm has a 50-day moving average of GBX 248.49 and a 200 day moving average of GBX 376.52. Acacia Mining PLC has a 52-week low of GBX 152.80 and a 52-week high of GBX 609.50. The company’s market cap is GBX 752.09 million.
Acacia Mining PLC Company Profile
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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