Acacia Mining PLC (LON:ACA) Receives GBX 196.78 Consensus Price Target from Analysts

Acacia Mining PLC (LON:ACA) has earned an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 196.78 ($2.57).

Several research firms have commented on ACA. Peel Hunt reaffirmed a “buy” rating on shares of Acacia Mining in a research report on Monday, August 12th. Berenberg Bank increased their price objective on shares of Acacia Mining from GBX 224 ($2.93) to GBX 228 ($2.98) and gave the company a “hold” rating in a research report on Tuesday, July 30th.

Shares of ACA stock remained flat at $GBX 234 ($3.06) during mid-day trading on Thursday. The firm has a market cap of $959.60 million and a PE ratio of 468.00. The company has a fifty day moving average price of GBX 234 and a 200-day moving average price of GBX 205.77. Acacia Mining has a 52-week low of GBX 137 ($1.79) and a 52-week high of GBX 275 ($3.59). The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.60 and a current ratio of 1.43.

Acacia Mining Company Profile

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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Analyst Recommendations for Acacia Mining (LON:ACA)

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