A number of other research firms have also issued reports on ACA. Citigroup restated a sell rating on shares of Acacia Mining in a report on Tuesday. Barclays reduced their target price on shares of Acacia Mining from GBX 225 ($3.05) to GBX 220 ($2.98) and set an equal weight rating on the stock in a report on Monday, January 8th. Peel Hunt restated an under review rating on shares of Acacia Mining in a report on Tuesday, December 19th. Shore Capital Group restated a not rated rating on shares of Acacia Mining in a report on Thursday, November 2nd. Finally, Shore Capital restated a not rated rating on shares of Acacia Mining in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 307.86 ($4.17).
Shares of Acacia Mining (ACA) traded down GBX 10.55 ($0.14) during midday trading on Tuesday, reaching GBX 188.45 ($2.56). 2,281,216 shares of the company were exchanged, compared to its average volume of 1,030,000. The firm has a market cap of $768.18 and a PE ratio of 856.59. Acacia Mining has a 12-month low of GBX 152.80 ($2.07) and a 12-month high of GBX 545.50 ($7.40).
About Acacia Mining
Acacia Mining plc is primarily engaged in the business of mining, processing and sale of gold. The Company has three operating mines located in Tanzania. The Company’s segments are North Mara gold mine, Bulyanhulu gold mine and Buzwagi gold mine. The North Mara gold deposits are situated in the Mara Musoma greenstone belt.
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