Key Investment Analysts at Macquarie Have Maintained their ‘Underperform’ rating for Acacia Mining Plc (LON:ACA) Shares Today. Their Price Objective Given is GBX 210.00

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Acacia Mining Plc (LON:ACA) Rating Reaffirmed

The brokerage firm has just set a Estimated Target Price of GBX 210.00 on Acacia Mining Plc (LON:ACA) shares. This is 22.77% from the price per share. In recent note revealed to investors on Monday, 30 November, Macquarie reconfirmed their Underperform rating on shares of ACA.

From a total of 16 analysts covering Acacia Mining Plc (LON:ACA) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 4 a ”Hold”. This means that 63% of the ratings are positive. The highest target price is GBX 370 while the lowest target price is GBX 180. The mean of all analyst targets is GBX 255.13 with a 48.76% above today’s (GBX 171.5) stock price. Acacia Mining Plc was the topic of 52 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Bank of America maintained shares on November 25 with “Neutral” rating. Barclays Capital downgraded shares to “Equal Weight” rating and GBX 210 target share price in a report from a November 10. Investec maintained ACA stock in a recent report from November 17 with “Buy” rating. Peel Hunt maintained the rating on November 6. Peel Hunt has a “Buy” rating and a GBX 275 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a November 12.

Approximately 20,058 shares of stock traded hands. Acacia Mining PLC (LON:ACA) has declined 41.35% since May 1, 2015 and is downtrending. It has underperformed by 40.46% the S&P500.

Key Investment Analysts at Macquarie Have Maintained their ‘Underperform’ rating for Acacia Mining Plc (LON:ACA) Shares Today. Their Price Objective Given is GBX 210.00

Acacia Mining plc., formerly African Barrick Gold plc, is a United Kingdom company. The company has a market cap of 708.56 million GBP. The Firm is a gold producer in Tanzania. It has 45.99 P/E ratio. The Company’s activities include exploration and development to mine construction and operation.

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