Acacia Mining Share Discussion Threads

[malcolmmm] 27/2/2017 00:23

A charging gold price has worked wonders for Acacia Mining’s (LSE: ACA) share value so far in 2017. As we reach the mid-point of quarter one, the Africa-focused mining play has gained a staggering 43% in value.

The shiny commodity has gained wings as investors fret over the political direction of President Trump’s White House, while the evolving Brexit issue — and more recently political intrigue in North Korea — has also added support. These issues have seen gold move back above $1,240 per ounce for the first time since mid-November.

Whilst Federal Reserve rate hikes could see gold values backtrack again, the range of issues supporting cautious buying are unlikely to abate any time soon, a factor that could keep gold prices moving higher, and with it Acacia Mining, moving higher.

Indeed, the list of political and economic tension could well rise as the year progresses as the new US administration beds in; fears of a debt crisis in Europe grow; and major elections on the continent take place.

The City expects earnings at Acacia Mining to leap 85% in 2017, created by predictions of a strong metal price and soaring production levels, particularly from its Buzwagi asset in Tanzania.

This results in an undemanding P/E ratio of 15.6 times, while an additional 2% advance pencilled in for next year nudges the multiple to an even-better 15.2 times. This leaves scope for extra share price strength should commodity prices keep rising

[qs99] 24/2/2017 13:53

finally waking up

[malcolmmm] 24/2/2017 13:37

Gold $1259 to buy

[qs99] 24/2/2017 12:00

very quiet ACA given GP nearly 1% up again....wonder how long before it tests $1,300 and where should ACA be then? I would hazard a guess in excess of £6! DYOR and IMO

[malcolmmm] 24/2/2017 08:34

Gold $1254

[malcolmmm] 24/2/2017 08:07

US don't look like rising interest rates in March hence dollar weakness.

[qs99] 24/2/2017 06:27

Gold Price on the up again this morning, first time through $1,250 for a while IMO....hopefully can be maintained and should IMO benefit the likes of ACA and other golders such as CEY, SHG, OMI, HUM, PAF, CGH, SOLG, .....ahem....some of which I hold! GLA and DYOR as ever

[qs99] 23/2/2017 15:11

Agreed, mirrors GP rise today

[bigbigdave] 23/2/2017 13:56

Next leg up here I reckon, gold price helping too.

[arcadian] 20/2/2017 18:18

New broker price target 600p

[qs99] 18/2/2017 15:54

great week again, hope a few on here still on board for further updates and hopefully GP continuing to hold strong.....

[qs99] 16/2/2017 16:04

Looking good for a strong finish to week on good volumes and rising gold price and broker upgrades IMO. No reason this can't continue next week. DYOR etc

[qs99] 16/2/2017 15:18

And yup off we go...

[qs99] 16/2/2017 13:15

Looks like profit takers IMO that appeared this morning may have cleared....IMO

[maywillow] 16/2/2017 09:16

Crédit Agricole Profits From Market Volatility -- 3rd Update
15/02/2017 11:14am
Dow Jones News

Credit Agricole (EU:ACA)
Intraday Stock Chart

Today : Thursday 16 February 2017
Click Here for more Credit Agricole Charts.

By Noemie Bisserbe

PARIS--French bank Crédit Agricole SA reported a drop in fourth-quarter net profit on a write-down in its domestic retail arm, but posted a solid investment-banking performance amid a broader pickup in activity fueled in part by U.S. President Donald Trump's election victory.

France's second-largest listed bank by assets said Wednesday that net profit fell 67% to EUR291 million ($308 million) in the three months through December, from EUR882 million a year earlier. That undershot analysts' expectations of EUR301 million, according to data provider FactSet.

But excluding one-off items, Crédit Agricole's net profit rose 53% to EUR904 million, lifted by strong investment-banking and asset-management performances, and sending the bank's shares 5.5% higher in early trading in Paris. Revenue rose 7% to EUR4.58 billion.

Banks benefited from a surge in trading activity in the fourth quarter, as investors dumped government bonds and piled into financial stocks on expectations that tax cuts, deregulation and fiscal spending under the new Trump administration would kick-start growth and inflation.

Net profit at Crédit Agricole's corporate-and-investment bank surged to EUR271 million from EUR76 million a year earlier, buoyed by volatile markets.

But at the same time, banks' margins have been pressured by persistently low interest rates and loan renegotiations.

These factors prompted Crédit Agricole to book a EUR491 million write-down on its retail bank LCL in the fourth quarter, announced in January.

"There was a new wave of loan renegotiations in the second half of the year," Chief Executive Philippe Brassac said at a press conference in Paris. However, Mr. Brassac said he saw signs of improvement in the fourth quarter.

Its insurance and asset-management business reported a 14% increase in net profit to EUR448 million, while net profit for its specialized financial-services business rose 15% to EUR170 million.

Amundi SA, Crédit Agricole's fund manager, plans to carry out a capital increase in the first half of this year to help finance its EUR3.9 billion takeover of Pioneer Investments, the asset-management unit of Italian lender UniCredit SpA. Crédit Agricole said it would retain a 70% stake in Amundi after the capital increase.

Net profit for its international retail-banking business--which includes Italy, Poland and Egypt--fell 38% to EUR24 million.

Despite lower earnings in the quarter, Crédit Agricole's core Tier 1 ratio, which compares top-quality capital such as equity and retained earnings with risk-weighted assets, stood at 12.1% in December, up from 12% in September.

The bank's leverage ratio, which measures capital held by the bank against its total assets, was 5% in December, compared with 4.7% at the end of September.

"This should give comfort to investors on the bank's dividend policy," said Credit Suisse analyst Jon Peace.

Crédit Agricole said it would pay out 50% of its earnings in dividends from 2017.

The bank said it would pay shareholders a dividend of EUR0.60 a share for 2016.

Write to Noemie Bisserbe at [e-mail]



(END) Dow Jones Newswires

February 15, 2017 05:59 ET (10:59 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Credit Agricole Chart

[qs99] 16/2/2017 08:03

off we go again

[qs99] 15/2/2017 22:04

Nice moves on GP as well tonight, should IMO help ACA tomorrow as well as all those upgrades...gla and DYOR

[maywillow] 15/2/2017 17:21

(Oddo) has maintained its 'buy' opinion and its target price of 14.5 euros on Crédit Agricole (Paris: FR0000045072 - news), which reported higher than expectations and announcements, Particularly a net profit of 291 million euros.

'Fears about the impact of interest rate hikes on solvency are largely unfounded,' said the broker, who also welcomed the good operating performance of the green bank, driven by most LCL units.

"This is a positive signal on a point that had penalized the stock with stabilized interest income," commented Oddo, for whom the results of the last quarter should result in a further upward revision of the outlook for 2018 consensus results .

[enami] 15/2/2017 14:42

Numis Upgrades Acacia To Buy As Shares Continue To Rally

Numis has upgraded Acacia Mining to Buy after the gold miner paid out a higher-than-expected dividend in 2016 and guided toward a larger...

(Alliance News Headline... I don't subscribe)

[maywillow] 15/2/2017 14:07

The continued improvement of Crédit Agricole SA's solvency ratio (ACA.FR) "should reassure investors about the bank's dividend policy," said Credit Suisse analyst Jon Peace. Crédit Agricole said it would distribute 50% of its profits in the form of dividends as of 2017. Credit Suisse maintains its recommendation "outperformance" for the stock, with a target price of 13.5 euros. On the stock market, the stock price is 4.3% at EUR12.27.

[enami] 15/2/2017 10:15

Jefferies International "Buy" Old Target 550.00 New Target 575.00 Reiterates
JP Morgan Cazenove "Overweight" Old Target 580.00 New Target 610.00 Reiterates

[enami] 15/2/2017 10:14

Yes QS99 folks are still buying.

"Overbought" is a technical term when Relative Strength Index (RSI) is over 70. When it drops below 70 then traders will start selling.
If you look at the chart it was "Oversold" (RSI below 30) in December and the buying started when it rose back over 30.

Personally I will be profit slicing if it hits 550.

Jefferies International "Buy" Old Target 550.00 New Target 575.00 Reiterates
JP Morgan Cazenove "Overweight" Old Target 580.00 New Target 610.00 Reiterates

[qs99] 15/2/2017 08:12

and if recent highs were c.£6, why should it not retrace to there at least if city are liking what they see? DYOR and IMO etc

[the_equaliser] 15/2/2017 07:53

Tx,

Gold looking strong with uncertanties with currencies
increase in production and selling price

(Unaudited) 2016 2015 2016 2015
gold produce 212,954 200,723 829,705 731,912
gold sold 209,292 198,617 816,743 721,203