Beadell Resources (OTCMKTS:BDREF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Beadell Resources Limited is a gold producer. It owns and operates the Tucano gold mine primarily in Brazil. Beadell Resources Limited is based in West Perth, Australia. “

Separately, ValuEngine lowered Beadell Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th.

OTCMKTS BDREF opened at $0.04 on Wednesday. Beadell Resources has a one year low of $0.04 and a one year high of $0.19.

About Beadell Resources

Beadell Resources Limited operates as a gold producer in Brazil and Australia. Its primary property is the Tucano gold mine covering an area of approximately 2,500 square kilometers of gold exploration tenements located in the Amapá state, northern Brazil. The company is headquartered in West Perth, Australia.

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