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Broker tips: Acacia Mining, Hunting, Ashtead

Wed, 15th Feb 2017 16:45

(ShareCast News) - Gold miner Acacia Mining had its share price target lifted in a bullish note from Jefferies on Wednesday morning.Jefferies reiterated its 'buy' rating and status as the investment bank's top pick in the sector, and lifted its target price to 575p from 550p as the once-chronic underperformer continues to deliver operational and financial improvements under new management.2017 guidance for higher production and lower costs was "robust", analysts felt, and despite the strong recent run in the shares, the valuation is "not stretched", with its enterprise value 4.9 times EBITDA versus the sector's 7.9x.Hunting shares got a lift as Goldman Sachs reiterated its 'buy' rating on the stock and added it to its Conviction List, upping its price target to 734.3p from 666.7p.GS noted that this year to date, the stock is down 11% versus its Europe sector coverage and said the underperformance is a buying opportunity.The bank said it is positive on the company's US exposure, adding that within its European oil services coverage, Hunting has the highest exposure there, and as such should benefit from improving volumes from the second half onwards.Ashtead got a boost on Wednesday as Bank of America-Merrill Lynch upped its price target on the stock to 2,000p from 1,620p and reiterated its 'buy' rating.The bank said Ashtead remains an attractive long-term investment opportunity, offering around 20% earnings per share compound annual growth rate for an attractive price-to-earnings rating of 12.6x to April 2018."The long-term growth story of structural and macro growth remains well entrenched with the added benefits of self-propelled growth fragmented markets and relatively placid competition," Merrill said.

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23 Jul 2018 12:53

Monday broker round-up

(Sharecast News) - Hargreaves Lansdown: Jefferies downgrades to underperform with a target price of 1,650p.

20 Jul 2018 08:49

TOP NEWS: Acacia Earnings Slide As Tanzania Woes Continue To Bite

LONDON (Alliance News) - Acacia Mining PLC on Friday said profit slumped in the first half of its current financial year due to lower production, as the Tanzanian ban on metal concentrates to the

20 Jul 2018 07:39

LONDON MARKET PRE-OPEN: Acacia Profit Slump; HomeServe Trading In Line

LONDON (Alliance News) - Stocks in London are set to open marginally lower on Friday amid weak investor sentiment after US President Donald Trump criticised the US Federal Reserve, while reported a a

6 Jul 2018 08:40

LONDON MARKET OPEN: Stocks Higher; Inmarsat Dives On Offer Rebuff

LONDON (Alliance News) - Stock prices in London were broadly higher early on Friday with M&A action prominent, leading to both Inmarsat and BCA Marketplace in in

6 Jul 2018 08:25

Acacia Mining Quarterly Production Drops On Reduced Operations

LONDON (Alliance News) - Acacia Mining PLC on Friday posted a drop in quarterly gold production from the previous year due to reduced operations at one of its mines and stockpile processing at its

6 Jul 2018 07:42

LONDON MARKET PRE-OPEN: Stocks Seen Up; Inmarsat Rebuffs New Proposal

LONDON (Alliance News) - Stock prices in London are called for a higher open on Friday despite the start of US tariffs on Chinese goods, in a fairly thin morning for UK company news. Among the large

12 Jun 2018 08:55

Acacia Mining Reports Fatal Accident At North Mara Gold Mine

LONDON (Alliance News) - Acacia Mining PLC on Tuesday said that a accident at North Mara gold mine located in the Mara region of Tanzania led to the death of a contractor's operator early said

19 Apr 2018 07:01

LONDON MARKET EARLY CALL: Stocks Called Higher As Commodities Surge

LONDON (Alliance News) - Stock prices in London are seen opening higher on Thursday, continuing gains made on Wednesday, as a falling pound helps overseas exposed stocks and a surge in commodity a

9 Mar 2018 10:40

WINNERS & LOSERS SUMMARY: RM2 Jumps As It Sees Positive 2019 Earnings

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Anglo American, up the

15 Feb 2017 11:18

Acacia Mining's valuation still not stretched, says Jefferies

15 Feb 2017 09:21

Wednesday broker round-up

(ShareCast News) - William Hill: HSBC downgrades to Reduce with a target price of 255p. Smith & Nephew: Berenberg reiterates Hold with a target price of 1275p. JD Wetherspoon: Deutsche Bank reiterates Sell with a target price of 600p. Acacia: Jefferies reiterates Buy with a target price of 575p.

14 Feb 2017 12:03

LONDON MARKET MIDDAY: Weak Pound Boosts FTSE 100 As Inflation Rises

14 Feb 2017 07:26

Acacia Mining returns to profit in 4th quarter

(ShareCast News) - Acacia Mining returned to profit in the final quarter of 2016 as it said 2017 gold production increased to between 850,000-900,000 ounces at lower costs of $880-$920 per oz. Fourth quarter pre-tax profits rose to $62m compared with a loss of $131.9m year-on-year. Revenues were up

31 Jan 2017 16:30

Sector movers: Miners boosted by weaker dollar, strike threat

(ShareCast News) - Shares of Industrial Metals and Mining firms led gains on Tuesday as a weaker dollar, supportive news-flow for crude oil and copper futures and low trading volumes in the latter lifted commodity prices. As of 1800 GMT, the US dollar spot index was fading 0.73% to 99.697 after US t

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Broker tips: Acacia Mining, Hunting, Ashtead

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