Acacia Mining (ACA) Receives Buy Rating from Numis Securities

Numis Securities restated their buy rating on shares of Acacia Mining (LON:ACA) in a research note published on Tuesday. They currently have a GBX 300 ($4.07) price target on the stock.

ACA has been the topic of several other reports. Citigroup restated a sell rating and set a GBX 170 ($2.31) price objective on shares of Acacia Mining in a report on Tuesday, October 24th. JPMorgan Chase & Co. lifted their price objective on Acacia Mining from GBX 200 ($2.71) to GBX 230 ($3.12) and gave the stock a neutral rating in a report on Wednesday, September 27th. Shore Capital restated a not rated rating on shares of Acacia Mining in a report on Friday, October 13th. Jefferies Group dropped their price objective on Acacia Mining from GBX 240 ($3.25) to GBX 195 ($2.64) and set a hold rating on the stock in a report on Thursday, October 19th. Finally, Peel Hunt restated an under review rating on shares of Acacia Mining in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 307.86 ($4.17).

Shares of Acacia Mining (LON ACA) opened at GBX 192.40 ($2.61) on Tuesday. Acacia Mining has a twelve month low of GBX 152.80 ($2.07) and a twelve month high of GBX 545.50 ($7.40). The stock has a market capitalization of $785.25 and a P/E ratio of 874.55.

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Acacia Mining Company Profile

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.

Analyst Recommendations for Acacia Mining (LON:ACA)

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