London: In a research report published on Monday, 6 March, JP Morgan Cazenove maintained their Overweight rating on shares of Acacia Mining Plc (LON:ACA). They currently have a GBX 610.00 target price per share on the firm. JP Morgan Cazenove’s target would indicate a potential upside of 41.42% from the company’s last price.
Apache Corporation is an independent energy company. The company has market cap of $19.84 billion. Both domestically and internationally, the Company explores for, develops and produces crude oil, natural gas and natural gas liquids. It currently has negative earnings. The Firm has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
Among 21 analysts covering Acacia Mining Plc (LON:ACA), 12 have Buy rating, 4 Sell and 5 Hold. Therefore 57% are positive. Acacia Mining Plc has GBX 720 highest and GBX 168 lowest target. GBX 418.15’s average target is -0.56% below currents GBX 420.5 stock price. Acacia Mining Plc had 193 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Speculative Buy” rating by Beaufort Securities given on Monday, September 19. The firm has “Buy” rating by Citigroup given on Friday, July 31. The company was maintained on Wednesday, March 9 by Beaufort Securities. The rating was maintained by Nomura on Friday, January 15 with “Neutral”. Numis Securities maintained it with “Buy” rating and GBX 320 target in Thursday, October 8 report. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. Jefferies maintained Acacia Mining PLC (LON:ACA) rating on Wednesday, February 15. Jefferies has “Buy” rating and GBX 575 target. As per Tuesday, February 16, the company rating was maintained by Beaufort Securities. The firm has “Speculative Buy” rating by Beaufort Securities given on Wednesday, February 24. The rating was upgraded by Citigroup on Friday, July 24 to “Buy”.
Acacia Mining Plc , formerly African Barrick Gold Plc, is a gold miner and producer of gold in Africa. The company has market cap of 1.72 billion GBP. The Firm is engaged in the mining, processing and sale of gold business. It has a 22.36 P/E ratio. The Company’s divisions are North Mara gold mine, Bulyanhulu gold mine, Buzwagi gold mine, and Corporate and Exploration segment.
About 1.31 million shares traded or 7.38% up from the average. Acacia Mining PLC (LON:ACA) has declined 19.26% since August 5, 2016 and is downtrending. It has underperformed by 29.08% the S&P500.
The stock increased 0.33% or $0.17 on March 3, reaching $52.09. About shares traded. Apache Corporation (NYSE:APA) has risen 0.48% since July 28, 2016 and is uptrending. It has underperformed by 9.34% the S&P500.
Ratings analysis reveals 24% of Apache Corporation’s analysts are positive. Out of 21 Wall Street analysts rating Apache Corporation, 5 give it “Buy”, 3 “Sell” rating, while 13 recommend “Hold”. The lowest target is $31 while the high is $72. The stock’s average target of $54.08 is 3.82% above today’s ($52.09) share price. APA was included in 53 notes of analysts from July 21, 2015. The firm has “Outperform” rating given on Friday, November 6 by RBC Capital Markets. The rating was downgraded by Barclays Capital to “Equal-Weight” on Friday, August 5. Bank of America downgraded the stock to “Underperform” rating in Tuesday, January 5 report. Wells Fargo upgraded the stock to “Outperform” rating in Friday, April 8 report. The stock of Apache Corporation (NYSE:APA) has “Neutral” rating given on Tuesday, August 9 by Citigroup. Argus Research downgraded Apache Corporation (NYSE:APA) on Tuesday, December 15 to “Hold” rating. As per Thursday, April 7, the company rating was maintained by Citigroup. The stock of Apache Corporation (NYSE:APA) has “Sector Perform” rating given on Friday, March 18 by RBC Capital Markets. RBC Capital Markets maintained Apache Corporation (NYSE:APA) on Friday, May 6 with “Sector Perform” rating. The firm earned “Outperform” rating on Thursday, March 10 by Bernstein.
Edinburgh Partners Ltd holds 14.77% of its portfolio in Apache Corporation for 1.11 million shares. Peconic Partners Llc owns 1.10 million shares or 9.22% of their US portfolio. Moreover, Davis Selected Advisers has 5.44% invested in the company for 19.58 million shares. The California-based Orbis Investment Management (U.S.) Llc has invested 4.82% in the stock. Elm Ridge Management Llc, a New York-based fund reported 342,115 shares.
Since January 1, 0001, it had 2 insider purchases, and 2 sales for $281,666 activity.
The post JP Morgan Cazenove Reconfirms GBX 610.00 Target Price On Acacia Mining Plc (LON:ACA), Reconfirms Overweight Rating, Apache (APA) Has 1 Sentiment appeared first on Stock Market News | HillCountryTimes | Get it Today.
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