Acacia Mining (ACA) Rating Reiterated by Numis Securities
Numis Securities restated their buy rating on shares of Acacia Mining (LON:ACA) in a report published on Thursday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently weighed in on ACA. Berenberg Bank upped their price target on Acacia Mining from GBX 140 ($1.83) to GBX 214 ($2.80) and gave the stock a sell rating in a report on Monday, February 25th. 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) price target for the company. JPMorgan Chase & Co. upped their price target on Acacia Mining from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock an underweight rating in a report on Wednesday, April 10th. Barclays upped their price target on Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the stock an overweight rating in a report on Friday, April 12th. Finally, Royal Bank of Canada reaffirmed a sector performer rating and issued a GBX 130 ($1.70) price target on shares of Acacia Mining in a report on Monday, February 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Acacia Mining presently has an average rating of Hold and an average target price of GBX 194.99 ($2.55).
LON ACA opened at GBX 157.40 ($2.06) on Thursday. The stock has a market capitalization of $645.48 million and a P/E ratio of 314.80. 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 company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 3.64.
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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