A number of other research analysts have also commented on ACA. Barclays lowered their price target on Acacia Mining from GBX 225 ($3.16) to GBX 220 ($3.09) and set an equal weight rating on the stock in a report on Monday, January 8th. Credit Suisse Group lowered their price target on Acacia Mining from GBX 200 ($2.81) to GBX 180 ($2.53) and set a neutral rating on the stock in a report on Tuesday, March 20th. Citigroup reissued a sell rating and set a GBX 160 ($2.25) price target on shares of Acacia Mining in a report on Tuesday, February 13th. JPMorgan Chase lowered their price target on Acacia Mining from GBX 190 ($2.67) to GBX 180 ($2.53) and set an underweight rating on the stock in a report on Tuesday, February 13th. Finally, Numis Securities reissued a buy rating and set a GBX 300 ($4.21) price target on shares of Acacia Mining in a report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Acacia Mining currently has a consensus rating of Hold and a consensus price target of GBX 233.75 ($3.28).
ACA stock opened at GBX 137.65 ($1.93) on Wednesday. Acacia Mining has a 1 year low of GBX 130 ($1.82) and a 1 year high of GBX 508.50 ($7.14).
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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