Acacia Mining (ACA) Rating Lowered to Hold at Peel Hunt

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Acacia Mining (LON:ACA) was downgraded by analysts at Peel Hunt to a “hold” rating in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

ACA has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on Acacia Mining from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock an “underweight” rating in a research note on Wednesday, April 10th. Royal Bank of Canada downgraded Acacia Mining to a “sector performer” rating in a research note on Friday, January 25th. Shore Capital reiterated a “not rated” rating on shares of Acacia Mining in a research note on Monday, February 11th. Finally, Berenberg Bank upped their price target on Acacia Mining from GBX 140 ($1.83) to GBX 214 ($2.80) and gave the stock a “sell” rating in a research note on Monday, February 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Acacia Mining presently has a consensus rating of “Hold” and a consensus target price of GBX 195.70 ($2.56).

ACA opened at GBX 151 ($1.97) on Tuesday. The stock has a market cap of $597.09 million and a PE ratio of 302.00. Acacia Mining has a 52-week low of GBX 93.56 ($1.22) and a 52-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.

Acacia Mining Company Profile

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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