Acacia Mining (LON:ACA)‘s stock had its “underweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a report released on Tuesday. They presently have a GBX 170 ($2.31) price target on the stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 8.94% from the stock’s previous close.
Several other research analysts have also weighed in on the stock. Numis Securities restated a “buy” rating and set a GBX 300 ($4.07) target price on shares of Acacia Mining in a research report on Tuesday. Citigroup restated a “sell” rating on shares of Acacia Mining in a research report on Tuesday. Barclays lowered 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 research report on Monday, January 8th. Peel Hunt restated an “under review” rating on shares of Acacia Mining in a research report on Tuesday, December 19th. Finally, Shore Capital Group reiterated a “not rated” rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 307.86 ($4.17).
Acacia Mining (ACA) opened at GBX 186.70 ($2.53) on Tuesday. Acacia Mining has a 1 year low of GBX 152.80 ($2.07) and a 1 year high of GBX 545.50 ($7.40). The firm has a market cap of $766.04 and a PE ratio of 848.64.
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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