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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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27 Jan 2017 15:39

FTSE 250 movers: Miners climb while Nostrum Oil and Gas slips

(ShareCast News) - The FTSE 250 index rose 0.26% to 18,190.37 in the late afternoon. The UK's largest food wholesale operator Booker Group gained as it reached an agreement to merge with supermarket giant Tesco. Under the terms of the merger, each Booker scheme shareholder would receive 0.861 new Te

25 Jan 2017 14:47

Sector movers: Cyclicals, banks jump, while precious metals miners retreat

(ShareCast News) - Cyclicals led the advance, led by Automobile stocks such as GKN and construction outfits like CRH, both of which benefit from bets on an improving world economy, especially in the States. Banks were also higher, boosted by bumper full-year results from Spanish lender Santander, am

20 Jan 2017 09:36

BROKER RATINGS SUMMARY: Exane BNP Cuts Sainsbury's And Tesco

19 Jan 2017 08:31

Acacia achieves record gold production at Tanzania mine

(ShareCast News) - Acacia Mining delivered strong fourth quarter gold production, which resulted in forecast-beating full year production at its Tanzania mine with costs towards the bottom of expectations. For the three months ended 31 December, gold production increased 6% to 212,954 ounces, which

16 Jan 2017 07:58

Acacia Mining confirms talks with Endeavour

(ShareCast News) - Acacia Mining confirmed on Monday that it is in preliminary discussions regarding a possible combination with Canadian gold miner Endeavour. The statement was in response to press speculation and both Acacia and Endeavour stressed that the discussions might not result in agreement

12 Jan 2017 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

12 Jan 2017 15:00

Sector movers: Miners rise on Chinese lending data, US dollar weakness

(ShareCast News) - Mining stocks were again in favour on Thursday as metals´ prices continued to gain in overnight trading on the heels of stronger than expected lending data for Asia´s largest economy and positive newsflow on specific commodities. Continued selling in the US dollar after the Presid

10 Jan 2017 13:25

Tuesday broker round-up

(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with

30 Dec 2016 10:36

WINNERS & LOSERS SUMMARY: NEX And TP ICAP Rise After Completing Deal

20 Dec 2016 10:31

WINNERS & LOSERS SUMMARY: Lloyds Shares Rise After MBNA Deal

15 Dec 2016 08:32

LONDON MARKET OPEN: Precious Metals Miners Fall As Fed Hike Hits Gold

14 Dec 2016 09:32

BROKER RATINGS SUMMARY: Deutsche Bank Cuts Centrica To Sell From Hold

2 Dec 2016 14:49

Friday broker round-up

(ShareCast News) - John Menzies: Berenberg starts coverage at buy with a target price of 660p. Synthomer: Jefferies stays at hold 367p target. WPP: Deutsche Bank reiterates buy with a 1890p target. MCBride: Berenberg starts coverage at buy with a 220p target. Acacia Mining: Canaccord stays at ove

7 Nov 2016 11:39

Monday broker round-up

(ShareCast News) - Acacia Mining: JP Morgan keeps at overweight with a target price of 620p. Indivior: Jefferies stays at buy, 450p target. Centrica: Berenberg reiterates buy with a 240p target. South 32: Deutsche Bank reiterates hold with a 122p target. Glencore: JP Morgan keeps at neutral with

7 Nov 2016 09:29

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