Acacia Mining (LON:ACA) was upgraded by investment analysts at Citigroup to a “sell” rating in a note issued to investors on Friday. The firm currently has a GBX 200 ($2.86) target price on the stock, down from their prior target price of GBX 220 ($3.15). Citigroup’s price objective would indicate a potential upside of 45.09% from the stock’s current price.
ACA has been the subject of a number of other research reports. Numis Securities reissued a “buy” rating and set a GBX 250 ($3.58) target price on shares of Acacia Mining in a research report on Tuesday, February 13th. Credit Suisse Group dropped their target price on shares of Acacia Mining from GBX 200 ($2.86) to GBX 180 ($2.58) and set a “neutral” rating for the company in a research report on Tuesday, March 20th. JPMorgan Chase reissued an “underweight” rating and set a GBX 170 ($2.43) target price on shares of Acacia Mining in a research report on Monday, January 22nd. Berenberg Bank reissued a “sell” rating and set a GBX 140 ($2.00) target price on shares of Acacia Mining in a research report on Friday, March 9th. Finally, Deutsche Bank reissued a “buy” rating on shares of Acacia Mining in a research report on Friday, April 6th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Acacia Mining presently has a consensus rating of “Hold” and a consensus price target of GBX 231.25 ($3.31).
ACA opened at GBX 137.85 ($1.97) on Friday. Acacia Mining has a 1 year low of GBX 130 ($1.86) and a 1 year high of GBX 508.50 ($7.28).
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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