Acacia Mining (LON:ACA)‘s stock had its “not rated” rating restated by equities research analysts at Shore Capital in a report issued on Monday.
A number of other research firms also recently commented on ACA. Barclays restated an “overweight” rating on shares of Acacia Mining in a report on Friday, January 4th. Royal Bank of Canada restated a “sector performer” rating and issued a GBX 130 ($1.70) price objective on shares of Acacia Mining in a report on Monday. JPMorgan Chase & Co. increased their price objective on 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 restated a “hold” rating and issued 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 restated an “under review” rating on shares of Acacia Mining in a report on Friday, October 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 163.63 ($2.14).
LON:ACA traded down GBX 2.35 ($0.03) during mid-day trading on Monday, reaching GBX 189.80 ($2.48). The stock had a trading volume of 535,400 shares, compared to its average volume of 1,700,000. Acacia Mining has a fifty-two week low of GBX 130 ($1.70) and a fifty-two week 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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