Acacia Mining (LON:ACA) Earns “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Acacia Mining (LON:ACA) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

A number of other research analysts also recently weighed in on ACA. Royal Bank of Canada set a $147.00 target price on shares of Ameriprise Financial and gave the company a hold rating in a research report on Friday, April 26th. Numis Securities raised their target price on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the company a buy rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. set a €52.00 ($60.47) target price on shares of Vonovia and gave the company a buy rating in a research report on Friday, May 10th. Barclays reaffirmed an underweight rating on shares of in a research report on Thursday, July 4th. Finally, Berenberg Bank reaffirmed a buy rating and issued a GBX 250 ($3.27) target price on shares of in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Acacia Mining presently has an average rating of Hold and an average price target of GBX 196.41 ($2.57).

Acacia Mining stock traded up GBX 1.30 ($0.02) during mid-day trading on Monday, reaching GBX 184.30 ($2.41). The company’s stock had a trading volume of 909,628 shares, compared to its average volume of 1,700,000. The stock has a market cap of $755.79 million and a P/E ratio of 368.60. Acacia Mining has a 12 month low of GBX 93.56 ($1.22) and a 12 month high of GBX 268.20 ($3.50). The firm’s 50 day simple moving average is GBX 169.95. 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 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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