Acacia Mining (LON:ACA)‘s stock had its “sector performer” rating reissued by analysts at Royal Bank of Canada in a research note issued on Monday. They currently have a GBX 130 ($1.70) price objective on the stock. Royal Bank of Canada’s price target indicates a potential downside of 39.90% from the company’s current price.
A number of other research firms have also recently weighed in on ACA. Barclays reaffirmed an “overweight” rating on shares of Acacia Mining in a research note on Friday, January 4th. JPMorgan Chase & Co. boosted their price objective on shares of Acacia Mining from GBX 90 ($1.18) to GBX 100 ($1.31) and gave the stock an “underweight” rating in a research note on Thursday, January 31st. Jefferies Financial Group reissued a “hold” rating and issued a GBX 145 ($1.89) price objective (down previously from GBX 195 ($2.55)) on shares of Acacia Mining in a research note on Wednesday, October 17th. Finally, Peel Hunt reissued an “under review” rating on shares of Acacia Mining in a research note on Friday, October 19th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 163.63 ($2.14).
Shares of LON ACA traded up GBX 16.95 ($0.22) during midday trading on Monday, reaching GBX 216.30 ($2.83). 1,533,085 shares of the company were exchanged, compared to its average volume of 1,700,000. Acacia Mining has a one year low of GBX 130 ($1.70) and a one year high of GBX 508.50 ($6.64).
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.
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