Shares of Acacia Mining PLC (LON:ACA) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 162.48 ($2.12).
Several brokerages have weighed in on ACA. Numis Securities reaffirmed a “buy” rating on shares of Acacia Mining in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Acacia Mining from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the stock an “underweight” rating in a research report on Friday, May 10th. Barclays reaffirmed an “overweight” rating on shares of Acacia Mining in a research report on Wednesday, May 8th. Peel Hunt lowered Acacia Mining to a “hold” rating in a research report on Tuesday, May 7th. Finally, Royal Bank of Canada dropped their target price on Acacia Mining from GBX 190 ($2.48) to GBX 160.90 ($2.10) and set a “sector performer” rating on the stock in a research report on Friday, April 26th.
ACA stock traded up GBX 1 ($0.01) during mid-day trading on Thursday, hitting GBX 152 ($1.99). The stock had a trading volume of 732,940 shares, compared to its average volume of 1,700,000. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.43 and a quick ratio of 0.60. Acacia Mining has a 1-year low of GBX 93.56 ($1.22) and a 1-year high of GBX 268.20 ($3.50). The firm has a market cap of $623.33 million and a P/E ratio of 304.00.
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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