Acacia Mining’s (ACA) “Buy” Rating Reiterated at Numis Securities
ACA has been the topic of a number of other reports. Citigroup reissued a sell rating and issued a GBX 170 ($2.35) price objective on shares of Acacia Mining in a research note on Tuesday, October 24th. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 170 ($2.35) price objective on shares of Acacia Mining in a research note on Monday, January 22nd. Jefferies Group dropped their price objective on Acacia Mining from GBX 240 ($3.32) to GBX 195 ($2.69) and set a hold rating on the stock in a research note on Thursday, October 19th. Peel Hunt reissued an under review rating on shares of Acacia Mining in a research note on Thursday, November 2nd. Finally, Barclays dropped their price objective on Acacia Mining from GBX 285 ($3.94) to GBX 225 ($3.11) and set an equal weight rating on the stock in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 304.29 ($4.20).
Acacia Mining (ACA) opened at GBX 161.76 ($2.23) on Tuesday. The stock has a market capitalization of $660.73 and a PE ratio of -130.45. Acacia Mining has a 52 week low of GBX 139.83 ($1.93) and a 52 week high of GBX 545.50 ($7.54).
Acacia Mining 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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