Acacia Mining Plc (LON:ACA) Rating Reaffirmed
The brokerage has just set a TP of GBX 265.00 on Acacia Mining Plc (LON:ACA) shares. This is 65.46% from the price per share. In a very recent research note shared with investors on Tuesday morning, Credit Suisse has reaffirmed their “Outperform” rating on shares of ACA.
From a total of 17 analysts covering Acacia Mining Plc (LON:ACA) stock, 11 rate it a ”Buy”, 2 a “Sell”, and 4 a ”Hold”. This means that 65% 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 59.30% above today’s (GBX 160.16) stock price. Acacia Mining Plc was the topic of 55 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Beaufort Securities maintained shares on December 4 with “Speculative Buy” rating. Nomura maintained shares with “Neutral” rating and GBX 240 target share price in a report from a November 13. Macquarie Research maintained ACA stock in a recent report from November 30 with “Underperform” rating. Barclays Capital downgraded the rating on November 10. Barclays Capital has a “Equal Weight” rating and a GBX 210 price target on shares. Finally, Investec maintained the stock with “Buy” rating in a report issued on a November 17.
The stock decreased 10.02% or GBX 17.84 on December 14, striking GBX 160.16. Approximately 545,335 shares of stock traded hands. Acacia Mining PLC (LON:ACA) has declined 48.26% since May 18, 2015 and is downtrending. It has underperformed by 43.84% the S&P500.
Acacia Mining plc., formerly African Barrick Gold plc, is a United Kingdom company. The company has a market cap of 656.81 million GBP. The Firm is a gold producer in Tanzania. It has 43.11 P/E ratio. The Company’s activities include exploration and development to mine construction and operation.