Acacia Mining (ACA) Price Target Lowered to GBX 180 at JPMorgan Chase & Co.
Acacia Mining (LON:ACA) had its price target dropped by equities researchers at JPMorgan Chase & Co. from GBX 190 ($2.63) to GBX 180 ($2.49) in a research note issued on Tuesday. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 8.93% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. Peel Hunt reiterated an “under review” rating on shares of Acacia Mining in a research note on Thursday, November 2nd. Numis Securities reiterated a “buy” rating and issued a GBX 400 ($5.53) price objective on shares of Acacia Mining in a research note on Monday, October 23rd. Jefferies Group lowered their price objective on shares of Acacia Mining from GBX 240 ($3.32) to GBX 195 ($2.69) and set a “hold” rating on the stock in a research note on Thursday, October 19th. Citigroup reiterated a “sell” rating on shares of Acacia Mining in a research note on Tuesday, January 16th. Finally, Barclays lowered their price objective on shares of Acacia Mining from GBX 285 ($3.94) to GBX 225 ($3.11) and set an “equal weight” rating on the stock in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Acacia Mining currently has a consensus rating of “Hold” and an average price target of GBX 307.86 ($4.25).
Acacia Mining (LON ACA) opened at GBX 165.25 ($2.28) on Tuesday. Acacia Mining has a one year low of GBX 139.83 ($1.93) and a one year high of GBX 545.50 ($7.54). The firm has a market cap of $666.33 and a P/E ratio of 751.14.
About Acacia Mining
Acacia Mining plc is primarily engaged in the business of mining, processing and sale of gold. The Company has three operating mines located in Tanzania. The Company’s segments are North Mara gold mine, Bulyanhulu gold mine and Buzwagi gold mine. The North Mara gold deposits are situated in the Mara Musoma greenstone belt.
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