Brokerages Set Acacia Mining PLC (ACA) PT at $165.00

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Acacia Mining PLC (LON:ACA) has earned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 165 ($2.16).

Several equities analysts have recently weighed in on ACA shares. JPMorgan Chase & Co. decreased their target price on Acacia Mining from GBX 170 ($2.22) to GBX 110 ($1.44) and set an “underweight” rating on the stock in a research report on Thursday, October 18th. Peel Hunt restated an “under review” rating on shares of Acacia Mining in a research report on Friday, October 19th. Jefferies Financial Group restated a “hold” rating and issued a GBX 145 ($1.89) target price (down previously from GBX 195 ($2.55)) on shares of Acacia Mining in a research report on Wednesday, October 17th. Barclays restated an “overweight” rating on shares of Acacia Mining in a research report on Friday, January 4th. Finally, Royal Bank of Canada reduced their price objective on Acacia Mining from GBX 165 ($2.16) to GBX 130 ($1.70) and set a “sector perform” rating on the stock in a research report on Tuesday, September 18th.

Shares of ACA stock opened at GBX 192.85 ($2.52) on Friday. Acacia Mining has a 12-month low of GBX 130 ($1.70) and a 12-month high of GBX 508.50 ($6.64).

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.

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Analyst Recommendations for Acacia Mining (LON:ACA)

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