Acacia Mining PLC (ACA) Receives Consensus Rating of “Hold” from Brokerages

Acacia Mining PLC (LON:ACA) has been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 326 ($4.29).

Several analysts recently issued reports on ACA shares. Numis Securities Ltd reissued a “buy” rating and issued a GBX 450 ($5.92) target price on shares of Acacia Mining PLC in a research note on Monday, September 25th. HSBC Holdings plc cut their price objective on Acacia Mining PLC from GBX 540 ($7.10) to GBX 285 ($3.75) and set a “buy” rating on the stock in a research report on Friday, August 18th. Barclays PLC cut their price objective on Acacia Mining PLC from GBX 285 ($3.75) to GBX 225 ($2.96) and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Jefferies Group LLC cut their price objective on Acacia Mining PLC from GBX 265 ($3.49) to GBX 240 ($3.16) and set a “hold” rating on the stock in a research report on Monday, July 24th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 230 ($3.03) price objective on shares of Acacia Mining PLC in a research report on Friday, October 13th.

Shares of Acacia Mining PLC (ACA) opened at GBX 174.30 ($2.29) on Friday. Acacia Mining PLC has a 12 month low of GBX 152.80 ($2.01) and a 12 month high of GBX 545.50 ($7.17).

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About Acacia Mining PLC

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 PLC (LON:ACA)

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