Acacia Mining (ACA) Receives Buy Rating from Peel Hunt
Peel Hunt restated their buy rating on shares of Acacia Mining (LON:ACA) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports.
Several other analysts also recently commented on the stock. Royal Bank of Canada downgraded shares of Acacia Mining to a sector performer rating in a report on Friday, January 25th. JPMorgan Chase & Co. lifted their target price on shares of 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. Berenberg Bank reaffirmed a hold rating on shares of Acacia Mining in a report on Friday, February 22nd. Barclays lifted their target price on shares of Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the stock an overweight rating in a report on Friday, April 12th. Finally, Shore Capital reaffirmed a not rated rating on shares of Acacia Mining in a report on Monday, February 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 197.13 ($2.58).
Shares of ACA stock opened at GBX 158.20 ($2.07) on Monday. The stock has a market cap of $648.76 million and a P/E ratio of 316.40. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 3.64. Acacia Mining has a 52 week low of GBX 93.56 ($1.22) and a 52 week high of GBX 268.20 ($3.50).
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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