Acacia Mining (LON:ACA) Earns Buy Rating from Peel Hunt

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

A number of other brokerages also recently weighed in on ACA. Numis Securities upped their target price on from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the company a buy rating in a report on Thursday, June 6th. Berenberg Bank reiterated a buy rating and issued a GBX 250 ($3.27) target price on shares of in a report on Tuesday, June 18th. JPMorgan Chase & Co. set a €52.00 ($60.47) target price on Vonovia and gave the company a buy rating in a report on Friday, May 10th. Barclays reiterated an underweight rating on shares of in a report on Thursday, July 4th. Finally, Royal Bank of Canada set a $147.00 target price on Ameriprise Financial and gave the company a hold rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Acacia Mining has a consensus rating of Hold and a consensus target price of GBX 196.41 ($2.57).

Shares of ACA opened at GBX 182.50 ($2.38) on Monday. The firm has a market cap of $755.79 million and a P/E ratio of 365.00. Acacia Mining has a fifty-two week low of GBX 93.56 ($1.22) and a fifty-two week high of GBX 268.20 ($3.50). The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 3.64. The firm has a 50-day simple moving average of GBX 170.54.

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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