African Barrick Gold Ltd (ABGLF) Lowered to Hold at 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 note issued to investors on Tuesday.

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. “

Shares of African Barrick Gold (NASDAQ:ABGLF) remained flat at $2.52 during mid-day trading on Tuesday. The company’s 50-day moving average price is $2.47 and its 200-day moving average price is $3.76. African Barrick Gold has a 52 week low of $2.01 and a 52 week high of $6.62. The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of 6.33.

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