African Barrick Gold Ltd (NASDAQ:ABGLF) Downgraded by Zacks Investment Research

African Barrick Gold Ltd (NASDAQ:ABGLF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Acacia Mining plc is a mining company which acquires and explores primarily for gold. The Company’s producing mines consists of Bulyanhulu, Buzwagi and North Mara and a portfolio of exploration projects in Tanzania, Kenya and Burkina Faso. Acacia Mining plc, formerly known as African Barrick Gold plc, is based in London, United Kingdom. “

African Barrick Gold (NASDAQ:ABGLF) opened at 2.32 on Thursday. African Barrick Gold has a 1-year low of $2.01 and a 1-year high of $7.47. The company has a 50-day moving average price of $3.18 and a 200 day moving average price of $4.72. The firm has a market capitalization of $952.42 million and a P/E ratio of 5.83.

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