Acacia Mining (LON:ACA) Rating Increased to Hold at Berenberg Bank

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Acacia Mining (LON:ACA) was upgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Tuesday, Digital Look reports. The brokerage currently has a GBX 224 ($2.93) price target on the stock, up from their prior price target of GBX 214 ($2.80). Berenberg Bank’s price target points to a potential upside of 32.47% from the stock’s previous close.

ACA has been the subject of several other research reports. Royal Bank of Canada cut their price objective on Acacia Mining from GBX 200 ($2.61) to GBX 190 ($2.48) and set a “sector performer” rating for the company in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Acacia Mining from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the company an “underweight” rating in a report on Friday, May 10th. Numis Securities reissued a “buy” rating on shares of Acacia Mining in a report on Thursday, May 30th. Peel Hunt assumed coverage on Acacia Mining in a report on Monday, March 4th. They issued an “add” rating and a GBX 230 ($3.01) target price on the stock. Finally, Barclays upped their target price on Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the company an “overweight” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 196.41 ($2.57).

LON:ACA opened at GBX 169.10 ($2.21) on Tuesday. The firm has a market capitalization of $693.46 million and a price-to-earnings ratio of 338.20. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.43 and a quick ratio of 0.60. Acacia Mining has a 1 year low of GBX 93.56 ($1.22) and a 1 year high of GBX 268.20 ($3.50).

About Acacia Mining

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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