Acacia Mining (LON:ACA) Rating Reiterated by Peel Hunt

Acacia Mining (LON:ACA)‘s stock had its “add” rating reaffirmed by Peel Hunt in a research note issued on Monday, April 15th, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued research reports about the stock. Berenberg Bank reiterated a “hold” rating on shares of Acacia Mining in a report on Friday, February 22nd. Shore Capital restated a “not rated” rating on shares of Acacia Mining in a report on Monday, February 11th. Barclays boosted their price target on shares of Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the stock an “overweight” rating in a report on Friday, April 12th. Royal Bank of Canada cut shares of Acacia Mining to a “sector performer” rating in a report on Friday, January 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Acacia Mining from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock an “underweight” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Acacia Mining has an average rating of “Hold” and an average price target of GBX 197.13 ($2.58).

Shares of Acacia Mining stock traded down GBX 0.50 ($0.01) on Monday, hitting GBX 149.50 ($1.95). 647,484 shares of the company’s stock traded hands, compared to its average volume of 1,700,000. The stock has a market capitalization of $615.95 million and a price-to-earnings ratio of 299.00. Acacia Mining has a one year low of GBX 93.56 ($1.22) and a one year 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.

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.

Further Reading: Stock Split

Analyst Recommendations for Acacia Mining (LON:ACA)

Receive News & Ratings for Acacia Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Mining and related companies with MarketBeat.com's FREE daily email newsletter.