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 note released on Friday.
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. “
OTCMKTS:ABGLF opened at $2.10 on Friday. The company has a market cap of $861.18 million, a P/E ratio of 5.83 and a beta of -0.01. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.02. Acacia Mining has a 52-week low of $1.43 and a 52-week 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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