Acacia Mining (ACA) Rating Increased to Sell at Citigroup

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).

How to Become a New Pot Stock Millionaire

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).

WARNING: This article was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://stocknewstimes.com/2018/04/20/acacia-mining-aca-rating-increased-to-sell-at-citigroup.html.



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.

Analyst Recommendations for Acacia Mining (LON:ACA)

Receive News & Ratings for Acacia Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply