Zacks Investment Research downgraded shares of African Barrick Gold Ltd (NASDAQ:ABGLF) from a buy rating to a hold rating in a research note released 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. “

Shares of African Barrick Gold (NASDAQ:ABGLF) remained flat at $5.00 during midday trading on Thursday. The stock’s market cap is $2.05 billion. African Barrick Gold has a 52 week low of $3.50 and a 52 week high of $7.47. The firm has a 50 day moving average of $5.20 and a 200-day moving average of $6.14.

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