Acacia Mining PLC (ACA) Receives GBX 396.50 Consensus Target Price from Analysts

Shares of Acacia Mining PLC (LON:ACA) have earned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 401.67 ($5.25).

A number of brokerages have recently weighed in on ACA. Barclays PLC dropped their price objective on shares of Acacia Mining PLC from GBX 450 ($5.88) to GBX 285 ($3.72) and set an “equal weight” rating on the stock in a report on Friday. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 340 ($4.44) price objective on shares of Acacia Mining PLC in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 285 ($3.72) price target on shares of Acacia Mining PLC in a report on Thursday, June 29th. Shore Capital reaffirmed a “not rated” rating on shares of Acacia Mining PLC in a report on Monday, June 26th. Finally, Citigroup Inc. reaffirmed a “sell” rating and issued a GBX 270 ($3.53) price target on shares of Acacia Mining PLC in a report on Tuesday, June 13th.

Shares of Acacia Mining PLC (LON ACA) opened at 280.30 on Tuesday. Acacia Mining PLC has a one year low of GBX 250.00 and a one year high of GBX 615.00. The company’s market capitalization is GBX 1.16 billion. The company’s 50-day moving average price is GBX 324.27 and its 200-day moving average price is GBX 406.76.

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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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