Berenberg Bank restated their sell rating on shares of Acacia Mining (LON:ACA) in a research note issued to investors on Friday, March 9th. Berenberg Bank currently has a GBX 140 ($1.93) price target on the stock.
Other analysts have also recently issued research reports about the stock. Numis Securities reiterated a buy rating and issued a GBX 250 ($3.45) price objective on shares of Acacia Mining in a research note on Tuesday, February 13th. Barclays dropped their price objective on shares of Acacia Mining from GBX 225 ($3.11) to GBX 220 ($3.04) and set an equal weight rating for the company in a research note on Monday, January 8th. Royal Bank of Canada reissued a sector perform rating on shares of Acacia Mining in a report on Monday, February 12th. Citigroup reissued a sell rating and issued a GBX 160 ($2.21) target price on shares of Acacia Mining in a report on Tuesday, February 13th. Finally, Peel Hunt reissued an under review rating on shares of Acacia Mining in a report on Tuesday, December 19th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Acacia Mining has an average rating of Hold and a consensus target price of GBX 228.75 ($3.16).
Shares of LON ACA remained flat at $GBX 142.90 ($1.97) during mid-day trading on Friday. Acacia Mining has a 12-month low of GBX 130 ($1.80) and a 12-month high of GBX 508.50 ($7.03).
Acacia Mining Company Profile
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.
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