African Barrick Gold (OTCMKTS:ABGLF) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of African Barrick Gold (OTCMKTS:ABGLF) from a strong sell rating to a hold rating in a research report released on Tuesday, December 19th.

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 (ABGLF) remained flat at $$2.65 during trading on Tuesday. The company has a market cap of $1,090.00 and a P/E ratio of 8.28. African Barrick Gold has a 52 week low of $2.01 and a 52 week high of $6.62. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.03.

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About African Barrick Gold

Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company has three gold mines in north-west Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and a portfolio of exploration projects at various stages of development in Tanzania, Kenya, Burkina Faso, and Mali.

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