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

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 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) remained flat at $2.32 on Thursday. The company’s 50 day moving average price is $3.26 and its 200-day moving average price is $4.76. African Barrick Gold has a 1-year low of $2.01 and a 1-year high of $7.47. The company has a market cap of $952.42 million and a PE ratio of 5.83.

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