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

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

Several other equities analysts have also recently weighed in on ACA. Royal Bank of Canada cut their price target on 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. Barclays restated an overweight rating and set a GBX 250 ($3.27) price target on shares of Acacia Mining in a report on Thursday, July 4th. JPMorgan Chase & Co. raised their price target on 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. Peel Hunt restated a buy rating and set a GBX 215 ($2.81) price target on shares of Acacia Mining in a report on Tuesday, June 25th. Finally, Berenberg Bank raised their price target on Acacia Mining from GBX 224 ($2.93) to GBX 228 ($2.98) and gave the company a hold rating in a report on Tuesday, July 30th. 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’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 191.99 ($2.51).

LON:ACA opened at GBX 248 ($3.24) on Monday. The stock has a market capitalization of $1.02 billion and a P/E ratio of 496.00. The stock has a 50-day moving average price of GBX 209.05 and a 200 day moving average price of GBX 189.56. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 3.64. Acacia Mining has a 12-month low of GBX 93.56 ($1.22) and a 12-month high of GBX 268.20 ($3.50).

About Acacia Mining

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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