Acacia Mining PLC (LON:ACA)’s share price traded down 11.5% on Monday . The company traded as low as GBX 169.80 ($2.22) and last traded at GBX 170 ($2.22). 968,082 shares traded hands during trading, a decline of 43% from the average session volume of 1,700,000 shares. The stock had previously closed at GBX 192 ($2.51).

A number of equities analysts recently weighed in on the company. Berenberg Bank reissued a “sell” rating and set a GBX 214 ($2.80) price objective on shares of Acacia Mining in a report on Monday. Royal Bank of Canada reiterated a “sector performer” rating on shares of Acacia Mining in a research report on Monday. Peel Hunt reiterated an “add” rating on shares of Acacia Mining in a research report on Monday. Barclays lifted their price objective on Acacia Mining from GBX 225 ($2.94) to GBX 250 ($3.27) and gave the stock an “overweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on Acacia Mining from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock an “underweight” rating in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 192.38 ($2.51).

The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 3.64. The stock has a market cap of $710.68 million and a PE ratio of 11.81.

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About Acacia Mining (LON:ACA)

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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