Acacia Mining Plc (LON:ACA) Rating Reaffirmed
Acacia Mining Plc (LON:ACA) has had their stock rating maintained as a solid “Speculative Buy” by expert analysts at Beaufort Securities. This was announced to investors in a note on 4 December.
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 42.93% above today’s (GBX 178.5) stock price. Acacia Mining Plc was the topic of 54 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 1 with “Hold” rating. Barclays Capital downgraded shares to “Equal Weight” rating and GBX 210 target share price in a report from a November 10. Bank of America maintained ACA stock in a recent report from November 25 with “Neutral” rating. Peel Hunt maintained the rating on November 6. Peel Hunt has a “Buy” rating and a GBX 275 price target on shares. Finally, Nomura maintained the stock with “Neutral” rating in a report issued on a November 13.
Approximately 61 shares of stock traded hands. Acacia Mining PLC (LON:ACA) has declined 38.36% since May 7, 2015 and is downtrending. It has underperformed by 35.58% the S&P500.
Acacia Mining plc., formerly African Barrick Gold plc, is a United Kingdom company. The company has a market cap of 722.57 million GBP. The Firm is a gold producer in Tanzania. It has 48 P/E ratio. The Company’s activities include exploration and development to mine construction and operation.