Acacia Mining’s (ACA) “Buy” Rating Reaffirmed at Peel Hunt

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Peel Hunt reaffirmed their buy rating on shares of Acacia Mining (LON:ACA) in a research report released on Monday, ThisIsMoney.Co.Uk reports.

Other equities analysts also recently issued reports about the stock. Barclays reaffirmed an overweight rating and set a GBX 250 ($3.27) price objective on shares of Acacia Mining in a report on Thursday, July 4th. Royal Bank of Canada reduced their price objective on shares of Acacia Mining from GBX 190 ($2.48) to GBX 160.90 ($2.10) and set a sector performer rating for the company in a report on Friday, April 26th. Peel Hunt reaffirmed a buy rating and set a GBX 215 ($2.81) price objective on shares of Acacia Mining in a report on Tuesday, June 25th. Numis Securities reaffirmed a buy rating on shares of Acacia Mining in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Acacia Mining from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the company an underweight rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 191.99 ($2.51).

LON:ACA opened at GBX 248 ($3.24) on Monday. The company has a 50-day moving average of GBX 209.05 and a 200-day moving average of GBX 189.56. The company has a market capitalization of $1.02 billion and a price-to-earnings ratio of 496.00. Acacia Mining has a 52 week low of GBX 93.56 ($1.22) and a 52 week high of GBX 268.20 ($3.50). The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.60 and a current ratio of 1.43.

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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Analyst Recommendations for Acacia Mining (LON:ACA)

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