Acacia Mining (ACA) Price Target Increased to GBX 220 by Analysts at Citigroup

Acacia Mining (LON:ACA) had its price target raised by equities research analysts at Citigroup from GBX 160 ($2.25) to GBX 220 ($3.09) in a note issued to investors on Friday. The firm presently has a “sell” rating on the stock. Citigroup’s price target suggests a potential upside of 59.83% from the stock’s previous close.

A number of other analysts have also commented on the stock. JPMorgan Chase reissued an “underweight” rating and issued a GBX 180 ($2.53) price objective on shares of Acacia Mining in a research report on Monday, February 19th. Credit Suisse Group cut their price objective on shares of Acacia Mining from GBX 200 ($2.81) to GBX 180 ($2.53) and set a “neutral” rating on the stock in a research report on Tuesday, March 20th. Berenberg Bank reissued a “sell” rating and issued a GBX 140 ($1.97) price objective on shares of Acacia Mining in a research report on Friday, March 9th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Acacia Mining in a research report on Monday, February 12th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 250 ($3.51) price target on shares of Acacia Mining in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 233.75 ($3.28).

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Shares of ACA stock opened at GBX 137.65 ($1.93) on Friday. Acacia Mining has a 12 month low of GBX 130 ($1.82) and a 12 month high of GBX 508.50 ($7.14).

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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.

Analyst Recommendations for Acacia Mining (LON:ACA)

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