JPMorgan Chase & Co. restated their underweight rating on shares of Acacia Mining (LON:ACA) in a research note released on Monday, February 19th. JPMorgan Chase & Co. currently has a GBX 180 ($2.49) price target on the stock.
A number of other brokerages also recently commented on ACA. Numis Securities reaffirmed a buy rating and issued a GBX 300 ($4.14) price objective on shares of Acacia Mining in a research report on Tuesday, January 16th. Citigroup reaffirmed a sell rating on shares of Acacia Mining in a research report on Tuesday, January 16th. Barclays lowered their price objective on Acacia Mining from GBX 225 ($3.11) to GBX 220 ($3.04) and set an equal weight rating for the company in a research report on Monday, January 8th. Peel Hunt reissued an under review rating on shares of Acacia Mining in a research report on Tuesday, December 19th. Finally, Shore Capital reissued a not rated rating on shares of Acacia Mining in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Acacia Mining presently has a consensus rating of Hold and an average target price of GBX 256.54 ($3.54).
Shares of Acacia Mining (LON:ACA) traded up GBX 1.57 ($0.02) during trading hours on Monday, hitting GBX 149.32 ($2.06). The stock had a trading volume of 1,130,000 shares, compared to its average volume of 1,660,000. The stock has a market capitalization of $609.96 and a P/E ratio of -120.42. Acacia Mining has a twelve month low of GBX 130 ($1.80) and a twelve month high of GBX 508.50 ($7.03).
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About Acacia Mining
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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