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News

Acacia Mining Releases 1st-Quarter Results

ACA

Before the opening bell on Thursday, Acacia Mining PLC (ACA.L) released its operating and financial results for the first quarter of fiscal 2019. Acacia Mining, whose majority shareholder is Barrick Gold (GOLD), also recorded a 12% decrease in revenue to $138 billion, a 72% decline in adjusted earnings before interest, taxes, depreciation and amortization to $23.8 million and an earnings loss of $7 million. These financial results were influenced by lower sales as well as lower production and lower gold prices. The company received a $190 billion fine from the Tanzanian government in July 2017 and a ban on the export of unprocessed gold and copper in March 2017. For the benefit of all its shareholders, the company believes a negotiated resolution is the best way to proceed, relying on the support of its major shareholder Barrick Gold.

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News

Acacia Mining core profit slumps as Tanzanian troubles bite

ACA

* International arbitration hearing set for Q3 (Adds comment from Acacia, detail, share price movement). Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. Gold output dropped 13 percent to 104,899 ounces during the quarter, due to problems preventing access to higher-grade ore at the North Mara Gokona underground mine, the company said. However, it stood by its production target for the rest of the year and said it believed it was nearing a settlement with the Tanzanian government that could transform its fortunes. Among the factors increasing the pressure was an international arbitration hearing in the third quarter, he said.

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Social Chatter

Acacia Mining (FTAL:ACA) social chatter is higher than usual

ACA
$ACA Acacia Mining reports weaker first quarter production but leaves full year guidance unchanged https://t.co/X2Pfq2nixX via @proactive_UK #ACA #brighterir #AndrewScottTV #CapitalNetwork1
News

Acacia Mining core profit slumps as Tanzanian troubles bite

ACA

* International arbitration hearing set for Q3 (Adds comment from Acacia, detail, share price movement). Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. Gold output dropped 13 percent to 104,899 ounces during the quarter, due to problems preventing access to higher-grade ore at the North Mara Gokona underground mine, the company said. However, it stood by its production target for the rest of the year and said it believed it was nearing a settlement with the Tanzanian government that could transform its fortunes. Among the factors increasing the pressure was an international arbitration hearing in the third quarter, he said.

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Friday, April 19


Social Chatter

Acacia Mining (FTAL:ACA) social chatter is higher than usual

ACA
IMF Slates Unpredictable Policies in Report #Tanzania Blocked “Tanzania’s economy has been rocked by a series of policy decisions ... demanded that gold producer Acacia Mining Plc pay a tax bill of $190 billion, equivalent to two centuries of revenue” https://t.co/81e6niBjZ9

Thursday, April 18


News

Summary of Acacia Mining plc (LON:ACA) Ratings

ACA

A total of 5 analysts rate Acacia Mining Plc (LON:ACA) as follows: 2 “Buy”, 0 “Hold” and 3 “Sell”. On Thursday, April 18 the stock of Acacia Mining plc (LON:ACA) has “Sector Performer” rating given by RBC Capital Markets. Listed here are Acacia Mining plc (LON:ACA) PTs and latest ratings. 18/04/2019 Broker: RBC Capital Markets Rating: Sector Performer Old Target: GBX 200.00 New Target: GBX 190.00 Maintain15/04/2019 Broker: Peel Hunt Rating: Add Old Target: GBX 230.00 Maintain15/04/2019 Broker: RBC Capital Markets Rating: Sector Performer Maintain12/04/2019 Broker: Barclays Capital Rating: Overweight Old Target: GBX 225.00 New Target: GBX 250.00 Maintain10/04/2019 Broker: JP Morgan Rating: Underweight Old Target: GBX 100.00 New Target: GBX 120.00 Maintain08/03/2019 Broker: Peel Hunt Rating: Add Old Target: GBX 230.00 Maintain04/03/2019 Broker: Peel Hunt Rating: Add New Target: GBX 230.00 Initiates Starts25/02/2019 Broker: Berenberg Rating: Sell Old Target: GBX 140.00 New Target: GBX 214.00 Maintain12/02/2019 Broker: JP Morgan Rating: Underweight Old Target: GBX 100.00 Maintain11/02/2019 Broker: Shore Capital Rating: Not Rated Maintain.

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Wednesday, April 17


News

Acacia Communications, Inc. (ACIA) Analysts See $0.10 EPS on May, 2

ACA

Investors expect Acacia Communications, Inc. (NASDAQ:ACIA)’s quarterly earnings on May, 2., RTT reports. That is 433.33 % up compareed to $-0.03 EPS for last year. If ACIA’s EPS is $0.10 the profit will be $4.05M for 146.93 P/E. Ticker’s shares touched $58.77 during the last trading session after 3.00% change.Acacia Communications, Inc. has volume of 604,153 shares. Since April 18, 2018 ACIA has risen 42.80% and is uptrending. The titles are as follows: “10 Biggest Price Target Changes For Wednesday – Benzinga” released on March 27, 2019, “Acacia Communications and Lumentum Demonstrate 200G Interoperability in CFP2-DCO Form Factor – Nasdaq” on March 05, 2019, “Acacia Communications, Inc. (ACIA) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release – Nasdaq” with a publish date: February 14, 2019, “CIENA (CIEN) Management NDR Shows Acacia (ACIA) Concerns Are Overdone – JPMorgan – StreetInsider.com” and the last “Why Acacia Communications, Inc. (ACIA) is Poised to Beat Earnings Estimates Again – Nasdaq” with publication date: April 04, 2019.

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Acacia Mining (ACA) Stock Rating Reaffirmed by Peel Hunt

ACA

Acacia Mining (LON:ACA)‘s stock had its “add” rating reaffirmed by investment analysts at Peel Hunt in a report issued on Monday, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. upped their price objective on Acacia Mining from GBX 90 ($1.18) to GBX 100 ($1.31) and gave the company an “underweight” rating in a report on Thursday, January 31st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Acacia Mining presently has an average rating of “Hold” and a consensus price target of GBX 192.38 ($2.51).

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Social Chatter

Acacia Mining (FTAL:ACA) social chatter is higher than usual

ACA
Acacia mining reported 13 per cent fall in quarterly gold production during the first quarter of 2019, following lo… https://t.co/SeTD6TpW0S