Acacia Mining’s (ACA) Sell Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their sell rating on shares of Acacia Mining (LON:ACA) in a report published on Monday morning, Digital Look reports. They currently have a GBX 214 ($2.80) target price on the stock.

ACA has been the topic of a number of other reports. JPMorgan Chase & Co. lifted 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 research note on Wednesday, April 10th. Barclays reaffirmed an overweight rating on shares of Acacia Mining in a research note on Friday, January 4th. Royal Bank of Canada lowered Acacia Mining to a sector performer rating in a research note on Friday, January 25th. Shore Capital reaffirmed a not rated rating on shares of Acacia Mining in a research note on Monday, February 11th. Finally, Peel Hunt initiated coverage on Acacia Mining in a research note on Monday, March 4th. They issued an add rating and a GBX 230 ($3.01) price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 192.38 ($2.51).

Shares of LON:ACA opened at GBX 175.70 ($2.30) on Monday. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 3.64. The company has a market capitalization of $721.34 million and a PE ratio of 12.20. Acacia Mining has a 1 year low of GBX 93.56 ($1.22) and a 1 year high of GBX 268.20 ($3.50).

About Acacia Mining

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.

See Also: Net Income

Analyst Recommendations for Acacia Mining (LON:ACA)

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