Acacia Mining PLC (LON:ACA) Given Consensus Recommendation of “Hold” by Brokerages

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Shares of Acacia Mining PLC (LON:ACA) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 188.15 ($2.46).

ACA has been the subject of a number of research analyst reports. Peel Hunt restated a “buy” rating on shares of Acacia Mining in a report on Monday, August 12th. Barclays restated an “overweight” rating and set a GBX 250 ($3.27) price objective on shares of Acacia Mining in a report on Thursday, July 4th. Peel Hunt restated a “buy” rating and set a GBX 215 ($2.81) price objective on shares of Acacia Mining in a report on Tuesday, June 25th. Finally, Berenberg Bank upped their price objective on Acacia Mining from GBX 224 ($2.93) to GBX 228 ($2.98) and gave the stock a “hold” rating in a report on Tuesday, July 30th.

ACA stock opened at GBX 234 ($3.06) on Friday. The company has a market cap of $959.60 million and a price-to-earnings ratio of 468.00. 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 business has a fifty day simple moving average of GBX 244 and a 200-day simple moving average of GBX 199.87. Acacia Mining has a 52 week low of GBX 132.10 ($1.73) and a 52 week high of GBX 275 ($3.59).

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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