JPMorgan Chase & Co. Raises Acacia Mining (LON:ACA) Price Target to GBX 120

Acacia Mining (LON:ACA) had its target price increased by stock analysts at JPMorgan Chase & Co. from GBX 100 ($1.31) to GBX 120 ($1.57) in a research report issued on Wednesday, April 10th, ThisIsMoney.Co.Uk reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 17.64% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Berenberg Bank reaffirmed a “hold” rating on shares of Acacia Mining in a report on Friday, February 22nd. Peel Hunt began coverage on Acacia Mining in a report on Monday, March 4th. They set an “add” rating and a GBX 230 ($3.01) target price for the company. Royal Bank of Canada reissued a “sector performer” rating and set a GBX 130 ($1.70) target price on shares of Acacia Mining in a report on Monday, February 11th. Shore Capital reissued a “not rated” rating on shares of Acacia Mining in a report on Monday, February 11th. Finally, Barclays reissued an “overweight” rating on shares of Acacia Mining in a report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Acacia Mining presently has an average rating of “Hold” and an average price target of GBX 195.70 ($2.56).

LON ACA traded up GBX 2.60 ($0.03) during trading hours on Wednesday, reaching GBX 145.70 ($1.90). The company’s stock had a trading volume of 1,525,416 shares, compared to its average volume of 1,700,000. The stock has a market capitalization of $597.50 million and a price-to-earnings ratio of 291.40. Acacia Mining has a 1-year low of GBX 93.56 ($1.22) and a 1-year high of GBX 268.20 ($3.50). 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 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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