Acacia Mining Plc (LON:ACA) Stock Upgrade
In a note finalized earlier today, Deutsche Bank upgraded shares of Acacia Mining Plc (LON:ACA) to a Buy. Analysts currently have a GBX 250.00 PT on the shares. Deutsche Bank’s PT indicates a ppossible upside of 49.30% from the last stock price of the stock.
From a total of 17 analysts covering Acacia Mining Plc (LON:ACA) stock, 12 rate it a ”Buy”, 2 a “Sell”, and 3 a ”Hold”. This means that 71% 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 256.69 with a 53.89% above today’s (GBX 166.8) stock price. Acacia Mining Plc was the topic of 57 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank upgraded shares on December 16 to “Buy” rating. Investec maintained shares with “Buy” rating and GBX 211 target share price in a report from a November 17. Beaufort Securities maintained ACA stock in a recent report from December 4 with “Speculative Buy” rating. Nomura maintained the rating on November 13. Nomura has a “Neutral” rating and a GBX 240 price target on shares. Finally, Bank of America maintained the stock with “Neutral” rating in a report issued on a November 25.
Approximately 187,671 shares of stock traded hands. Acacia Mining PLC (LON:ACA) has declined 46.35% since May 19, 2015 and is downtrending. It has underperformed by 43.72% the S&P500.
Acacia Mining plc., formerly African Barrick Gold plc, is a United Kingdom company. The company has a market cap of 698.29 million GBP. The Firm is a gold producer in Tanzania. It has 44.85 P/E ratio. The Company’s activities include exploration and development to mine construction and operation.