Shares of Acacia Mining PLC (LON:ACA) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 162.48 ($2.12).
Several equities analysts have weighed in on ACA shares. Berenberg Bank reiterated a “sell” rating and set a GBX 214 ($2.80) price objective on shares of Acacia Mining in a research report on Thursday, April 25th. Peel Hunt reiterated a “buy” rating and set a GBX 215 ($2.81) price objective on shares of Acacia Mining in a research report on Wednesday, May 29th. Barclays reiterated an “overweight” rating on shares of Acacia Mining in a research report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Acacia Mining from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock an “underweight” rating in a research report on Wednesday, April 10th. Finally, Numis Securities reiterated a “buy” rating on shares of Acacia Mining in a research report on Thursday, May 16th.
Acacia Mining stock traded up GBX 0.40 ($0.01) during mid-day trading on Monday, hitting GBX 170.50 ($2.23). The company’s stock had a trading volume of 680,608 shares, compared to its average volume of 1,700,000. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of $699.20 million and a PE ratio of 341.00. Acacia Mining has a twelve month low of GBX 93.56 ($1.22) and a twelve month high of GBX 268.20 ($3.50). The firm’s fifty day simple moving average is GBX 156.74.
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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