Zacks Investment Research Upgrades Acacia Mining (ABGLF) to “Hold”
Zacks Investment Research upgraded shares of Acacia Mining (OTCMKTS:ABGLF) from a sell rating to a hold rating in a research report report published on Friday morning.
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 OTCMKTS ABGLF traded down $0.04 during mid-day trading on Friday, reaching $1.43. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 1. The stock has a market capitalization of $602.83 million, a price-to-earnings ratio of 3.97 and a beta of 0.53. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.02. Acacia Mining has a 1-year low of $1.47 and a 1-year high of $2.77.
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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