Acacia Mining (ACA) Stock Rating Reaffirmed by Barclays

Barclays reiterated their overweight rating on shares of Acacia Mining (LON:ACA) in a report issued on Friday morning.

ACA has been the subject of several other reports. JPMorgan Chase & Co. reissued an underweight rating and set a GBX 170 ($2.22) price target (down from GBX 180 ($2.35)) on shares of Acacia Mining in a research report on Tuesday, June 26th. Peel Hunt reissued an under review rating on shares of Acacia Mining in a research report on Friday, July 6th. Royal Bank of Canada reduced their price target on Acacia Mining from GBX 165 ($2.16) to GBX 130 ($1.70) and set a sector perform rating for the company in a research report on Tuesday, September 18th. Finally, Numis Securities reissued a buy rating on shares of Acacia Mining in a research report on Thursday, July 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 178.63 ($2.33).

LON ACA traded up GBX 5.85 ($0.08) during trading hours on Friday, hitting GBX 156.35 ($2.04). 1,048,838 shares of the company traded hands, compared to its average volume of 1,700,000. Acacia Mining has a twelve month low of GBX 130 ($1.70) and a twelve month high of GBX 508.50 ($6.64).

Acacia Mining Company Profile

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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Analyst Recommendations for Acacia Mining (LON:ACA)

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