Acacia Mining (LON:ACA)‘s stock had its “under review” rating reaffirmed by equities research analysts at Peel Hunt in a research note issued on Friday.
A number of other brokerages have also issued reports on ACA. JPMorgan Chase & Co. cut their price target on Acacia Mining from GBX 170 ($2.22) to GBX 110 ($1.44) and set an “underweight” rating for the company in a research note on Thursday. Numis Securities reiterated a “buy” rating and issued a GBX 250 ($3.27) price target on shares of Acacia Mining in a research note on Monday, July 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 145 ($1.89) price target (down previously from GBX 195 ($2.55)) on shares of Acacia Mining in a research note on Wednesday. Royal Bank of Canada cut 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 note on Tuesday, September 18th. Finally, Barclays reissued an “overweight” rating on shares of Acacia Mining in a report on Friday, October 12th. Three research 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 a consensus rating of “Hold” and a consensus price target of GBX 164.88 ($2.15).
Shares of ACA stock opened at GBX 155.60 ($2.03) on Friday. Acacia Mining has a 52-week low of GBX 130 ($1.70) and a 52-week high of GBX 508.50 ($6.64).
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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