Acacia Mining (LON:ACA)‘s stock had its “sector performer” rating reiterated by Royal Bank of Canada in a note issued to investors on Monday, February 11th. They presently have a GBX 130 ($1.70) price objective on the stock. Royal Bank of Canada’s price target suggests a potential downside of 42.22% from the stock’s current price.
ACA has been the topic of a number of other research reports. Barclays reissued an “overweight” rating on shares of Acacia Mining in a report on Friday, January 4th. JPMorgan Chase & Co. increased their price objective on shares of Acacia Mining from GBX 90 ($1.18) to GBX 100 ($1.31) and gave the stock an “underweight” rating in a report on Thursday, January 31st. Jefferies Financial Group reissued a “hold” rating and set a GBX 145 ($1.89) price objective (down previously from GBX 195 ($2.55)) on shares of Acacia Mining in a report on Wednesday, October 17th. Finally, Peel Hunt reaffirmed an “under review” rating on shares of Acacia Mining in a research note on Friday, October 19th. Three 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. The company currently has an average rating of “Hold” and an average target price of GBX 163.63 ($2.14).
LON:ACA traded up GBX 2.60 ($0.03) during mid-day trading on Monday, reaching GBX 225 ($2.94). 1,102,398 shares of the company were exchanged, compared to its average volume of 1,700,000. Acacia Mining has a 12 month low of GBX 130 ($1.70) and a 12 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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