Numis Securities reissued their buy rating on shares of Acacia Mining (LON:ACA) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also commented on ACA. Berenberg Bank boosted their price target on shares of Acacia Mining from GBX 140 ($1.83) to GBX 214 ($2.80) and gave the company a sell rating in a research report on Monday, February 25th. Peel Hunt initiated coverage on shares of Acacia Mining in a research report on Monday, March 4th. They set an add rating and a GBX 230 ($3.01) price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Acacia Mining from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock an underweight rating in a report on Wednesday, April 10th. Barclays lifted their price objective on shares of Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the stock an overweight rating in a report on Friday, April 12th. Finally, Royal Bank of Canada reaffirmed a sector performer rating and set a GBX 130 ($1.70) price objective on shares of Acacia Mining in a report on Monday, February 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 197.13 ($2.58).
Shares of ACA traded up GBX 1 ($0.01) during mid-day trading on Thursday, reaching GBX 152 ($1.99). 425,288 shares of the stock traded hands, compared to its average volume of 1,700,000. The firm has a market capitalization of $623.33 million and a P/E ratio of 304.00. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.43 and a quick ratio of 0.60. Acacia Mining has a 1 year low of GBX 93.56 ($1.22) and a 1 year high of GBX 268.20 ($3.50).
About Acacia Mining
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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