Acacia Mining (LON:ACA) Price Target Cut to GBX 220 by Analysts at Barclays

Acacia Mining (LON:ACA) had its price target lowered by Barclays from GBX 225 ($3.05) to GBX 220 ($2.98) in a research note issued on Monday, January 8th. The brokerage currently has an “equal weight” rating on the stock. Barclays’ target price suggests a potential upside of 10.55% from the company’s current price.

Other research analysts have also issued research reports about the stock. Numis Securities reiterated a “buy” rating and set a GBX 450 ($6.10) price objective on shares of Acacia Mining in a research note on Monday, September 25th. Jefferies Group reduced their target price on shares of Acacia Mining from GBX 240 ($3.25) to GBX 195 ($2.64) and set a “hold” rating for the company in a report on Thursday, October 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 230 ($3.12) price objective on shares of Acacia Mining in a research note on Monday, October 23rd. Shore Capital Group reaffirmed a “not rated” rating on shares of Acacia Mining in a research note on Thursday, November 2nd. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Acacia Mining in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Acacia Mining has an average rating of “Hold” and an average target price of GBX 307.86 ($4.17).

Shares of Acacia Mining (ACA) traded up GBX 1.60 ($0.02) during trading hours on Monday, hitting GBX 199 ($2.70). 1,368,238 shares of the company’s stock traded hands, compared to its average volume of 1,010,000. Acacia Mining has a 12 month low of GBX 152.80 ($2.07) and a 12 month high of GBX 545.50 ($7.40). The firm has a market capitalization of $812.41 and a price-to-earnings ratio of 904.55.

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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.

Analyst Recommendations for Acacia Mining (LON:ACA)

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