Acacia Mining (LON:ACA)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a report issued on Friday.
A number of other equities analysts have also recently issued reports on ACA. Peel Hunt restated an “under review” rating on shares of Acacia Mining in a research note on Monday, June 25th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 170 ($2.22) price objective (down previously from GBX 180 ($2.35)) on shares of Acacia Mining in a research note on Tuesday, June 26th. Numis Securities restated a “buy” rating on shares of Acacia Mining in a research note on Thursday, July 12th. Finally, Royal Bank of Canada dropped their price objective on shares of Acacia Mining from GBX 165 ($2.16) to GBX 130 ($1.70) and set a “sector perform” rating for the company in a research note on Tuesday, September 18th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 178.63 ($2.33).
Shares of ACA stock opened at GBX 156.35 ($2.04) on Friday. Acacia Mining has a 52-week low of GBX 130 ($1.70) and a 52-week high of GBX 508.50 ($6.64).
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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