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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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24 Oct 2016 13:05

Broker tips: Acacia Mining, Petra Diamonds, Rathbone Brothers

(ShareCast News) - Acacia Mining's shares rose on Monday as Deutsche Bank reiterated a 'buy' rating and lifted its target price to 580p from 570p, citing progress on the company's turnaround. The miner last Friday reported it swung to a pre-tax profit for the third quarter and said full-year gold p

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24 Oct 2016 10:38

Acacia Mining rallies as Deutsche Bank lifts target price

(ShareCast News) - Acacia Mining's shares rose on Monday as Deutsche Bank reiterated a 'buy' rating and lifted its target price to 580p from 570p, citing progress on the company's turnaround. The miner last Friday reported it swung to a pre-tax profit for the third quarter and said full-year gold pr

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21 Oct 2016 07:41

Acacia Mining improves full-year 2016 guidance

(ShareCast News) - Acacia Mining reported a sharp drop in its operating costs during the third quarter of 2016, which contributed to a near doubling of its cash even as the company raised its full-year guidance for output. All in sustaining costs declined 16% to $998 per ounce over the three months

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20 Oct 2016 13:29

Friday preview: Acacia Mining reports third quarter results

(ShareCast News) - Tanzania-focused Acacia Mining on Friday reports its third quarter results with the focus likely to be on the impact of a mill shutdown at the Bulyanhulu gold mine. In September, Acacia said it had restarted operations at Bulyanhulu which had been halted due to overheating of the

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11 Oct 2016 17:12

Sector movers: Retailers, homebuilders pace gains

(ShareCast News) - Somewhat ironically, it was two of the sectors with perhaps the most to lose from the drop in the pound's value which helped to offset losses in Mining and Oil & Gas even as Sterling continued to skid lower. A better than expected showing from retailers during the month of Septemb

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11 Oct 2016 14:32

FTSE 250 movers: Clothing retailers outstrip weight of gold miners

(ShareCast News) - While its larger sibling fell into the red after soaring to record levels, the FTSE 250 was still in positive territory on Tuesday afternoon, as positive earnings reports provided good cheer. After some difficult months for the sector as weather played havoc with their seasonal sa

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6 Oct 2016 15:00

FTSE 250 movers: Gold miner Hochschild leads mid-caps lower

(ShareCast News) - The FTSE 250 retreated further away from its all-time high on Thursday, stung by Brexit worries and investor caution that it may be vulnerable to the reaction to Friday's US non-farm payrolls report. After business group's stressed the importance of immigration to government earli

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4 Oct 2016 16:04

FTSE 250 movers: Exporters exce but OneSavings tops the list

(ShareCast News) - Boosted by another plunge in the pound that is expected to prop up exporters, the FTSE 250 was 1.66% higher late on Tuesday. Exporting companies that were high in the leaderboard included European-focused lender International Personal Finance, equipment rental group Aggreko, which

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27 Sep 2016 08:31

Acacia Mining resolves Bulyanhulu overheating issue

(ShareCast News) - Acacia Mining announced on Tuesday that it has resolved the previously disclosed issue of the overheating of the ball mill trunion bearing at Bulyanhulu, and the process plant is now operating at normal throughput levels. The FTSE 250 firm said the overheating was found to be due

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23 Sep 2016 15:06

UK Dividends Calendar - Next 7 Days

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16 Sep 2016 11:17

LONDON MARKET MIDDAY: Lenders Drag FTSE 100 After Deutsche Bank Fine

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16 Sep 2016 07:35

Acacia Mining reiterates output guidance despite setback at Bulyanhulu

(ShareCast News) - Acacia Mining reiterated its full-year production guidance for its Bulyanhulu mine and for the group as a whole, despite setbacks in resuming production at its processing plant at the former site following planned maintenance. Thanks to the strong performance to date at North Mara

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15 Sep 2016 08:29

BROKER RATINGS SUMMARY: Liberum Downgrades Hargreaves Lansdown To Sell

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15 Sep 2016 07:15

LONDON BRIEFING: UK Retailers See No Brexit Effect; Informa Buys In US

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1 Sep 2016 07:41

LONDON MARKET OPEN: Miners Lift FTSE 100 Ahead Of Manufacturing PMIs

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