Acacia Mining (ACA) Rating Reiterated by Peel Hunt
ACA has been the topic of several other research reports. Numis Securities restated a buy rating and set a GBX 250 ($3.26) price target on shares of Acacia Mining in a research note on Monday, July 23rd. Barclays decreased their price objective on shares of Acacia Mining from GBX 171 ($2.23) to GBX 164 ($2.14) and set an overweight rating for the company in a report on Wednesday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 170 ($2.21) price objective (down from GBX 180 ($2.34)) on shares of Acacia Mining in a report on Tuesday, June 26th. Three analysts have 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 an average rating of Hold and an average price target of GBX 178.63 ($2.33).
Shares of ACA opened at GBX 107 ($1.39) on Monday. Acacia Mining has a 12 month low of GBX 130 ($1.69) and a 12 month high of GBX 508.50 ($6.62).
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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