Acacia Mining (LON:ACA)‘s stock had its “buy” rating reissued by equities researchers at Numis Securities in a report issued on Monday, April 23rd. They presently have a GBX 250 ($3.39) price target on the stock. Numis Securities’ price target points to a potential upside of 74.95% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Credit Suisse Group cut their target price on shares of Acacia Mining from GBX 200 ($2.71) to GBX 180 ($2.44) and set a “neutral” rating for the company in a research report on Tuesday, March 20th. JPMorgan Chase restated an “underweight” rating and set a GBX 170 ($2.31) target price on shares of Acacia Mining in a research report on Monday, January 22nd. Berenberg Bank restated a “sell” rating and issued a GBX 140 ($1.90) target price on shares of Acacia Mining in a report on Friday, March 9th. Citigroup restated a “sell” rating on shares of Acacia Mining in a report on Tuesday, January 16th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Acacia Mining in a research report on Friday, April 6th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 215.64 ($2.93).
Shares of Acacia Mining traded up GBX 3.15 ($0.04), hitting GBX 142.90 ($1.94), during midday trading on Monday, according to Marketbeat. The company had a trading volume of 561,830 shares, compared to its average volume of 1,700,000. Acacia Mining has a twelve month low of GBX 130 ($1.76) and a twelve month high of GBX 508.50 ($6.90).
Acacia Mining Company Profile
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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