Acacia Mining (LON:ACA)‘s stock had its “hold” rating restated by analysts at Jefferies Financial Group in a research note issued to investors on Wednesday. They currently have a GBX 145 ($1.89) price objective on the stock, down from their prior price objective of GBX 195 ($2.55). Jefferies Financial Group’s price target points to a potential upside of 4.28% from the stock’s current price.
Other analysts have also issued reports about the company. Numis Securities reaffirmed a “buy” rating on shares of Acacia Mining in a research note on Thursday, July 12th. Barclays reduced their price objective on Acacia Mining from GBX 171 ($2.23) to GBX 164 ($2.14) and set an “overweight” rating on the stock in a research note on Wednesday, July 18th. Royal Bank of Canada dropped their target price 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. Peel Hunt reiterated an “under review” rating on shares of Acacia Mining in a research report on Monday, June 25th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 170 ($2.22) target price (down from GBX 180 ($2.35)) on shares of Acacia Mining in a research report on Tuesday, June 26th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 164.88 ($2.15).
LON:ACA opened at GBX 139.05 ($1.82) on Wednesday. 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 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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