Acacia Mining (ACA) Stock Rating Reaffirmed by Berenberg Bank

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Berenberg Bank reissued their sell rating on shares of Acacia Mining (LON:ACA) in a research report sent to investors on Wednesday morning, Digital Look reports. Berenberg Bank currently has a GBX 214 ($2.80) price objective on the stock.

ACA has been the topic of several other research reports. JPMorgan Chase & Co. reiterated an underweight rating on shares of Acacia Mining in a research report on Tuesday, February 12th. Royal Bank of Canada dropped their target price on shares of Acacia Mining from GBX 200 ($2.61) to GBX 190 ($2.48) and set a sector performer rating on the stock in a research report on Monday, April 15th. Shore Capital reiterated a not rated rating on shares of Acacia Mining in a research report on Monday, February 11th. Peel Hunt assumed coverage on shares of Acacia Mining in a research report on Monday, March 4th. They issued an add rating and a GBX 230 ($3.01) target price on the stock. Finally, Barclays lifted their target price on shares of Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the company an overweight rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 197.13 ($2.58).

Shares of LON ACA opened at GBX 161 ($2.10) on Wednesday. Acacia Mining has a 52-week low of GBX 93.56 ($1.22) and a 52-week high of GBX 268.20 ($3.50). The stock has a market capitalization of $660.24 million and a PE ratio of 322.00. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 3.64.

Acacia Mining Company Profile

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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Analyst Recommendations for Acacia Mining (LON:ACA)

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