Acacia Mining (LON:ACA)‘s stock had its “under review” rating restated by equities researchers at Peel Hunt in a report released on Tuesday.
Other analysts have also issued reports about the company. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 330 ($4.44) target price on shares of Acacia Mining in a research note on Tuesday, September 5th. Shore Capital Group restated a “not rated” rating on shares of Acacia Mining in a research note on Thursday, November 2nd. Shore Capital restated a “not rated” rating on shares of Acacia Mining in a research note on Friday, October 13th. Citigroup restated a “sell” rating and issued a GBX 170 ($2.29) target price on shares of Acacia Mining in a research note on Tuesday, October 24th. Finally, Numis Securities lowered their target price on Acacia Mining from GBX 400 ($5.38) to GBX 300 ($4.04) and set a “buy” rating on the stock in a research note on Friday, December 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Acacia Mining has an average rating of “Hold” and an average target price of GBX 312.50 ($4.21).
Shares of Acacia Mining (ACA) opened at GBX 186.28 ($2.51) on Tuesday. Acacia Mining has a 12 month low of GBX 152.80 ($2.06) and a 12 month high of GBX 545.50 ($7.34).
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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