Acacia Mining PLC (ACA) Receives Consensus Recommendation of “Hold” from Analysts
Acacia Mining PLC (LON:ACA) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 162.48 ($2.12).
ACA has been the topic of a number of research analyst reports. Peel Hunt restated an “add” rating on shares of Acacia Mining in a research report on Monday, April 15th. JPMorgan Chase & Co. raised their target price on shares of Acacia Mining from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the company an “underweight” rating in a research report on Wednesday, April 10th. Royal Bank of Canada cut their target price on shares of Acacia Mining from GBX 200 ($2.61) to GBX 190 ($2.48) and set a “sector performer” rating on the stock in a research report on Monday, April 15th. Shore Capital reiterated a “not rated” rating on shares of Acacia Mining in a report on Monday, February 11th. Finally, Berenberg Bank lifted their price target on shares of 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.
Acacia Mining stock traded up GBX 8.50 ($0.11) during mid-day trading on Thursday, reaching GBX 159.50 ($2.08). The company had a trading volume of 360,584 shares, compared to its average volume of 1,700,000. Acacia Mining has a fifty-two week low of GBX 93.56 ($1.22) and a fifty-two week high of GBX 268.20 ($3.50). The company has a debt-to-equity ratio of 3.64, a current ratio of 1.43 and a quick ratio of 0.60. The firm has a market capitalization of $654.09 million and a P/E ratio of 319.00.
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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