Acacia Mining (ABGLF) Upgraded by Zacks Investment Research to “Hold”

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Acacia Mining (OTCMKTS:ABGLF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. “

Shares of OTCMKTS:ABGLF traded down $0.04 on Friday, reaching $1.43. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 1. Acacia Mining has a twelve month low of $1.47 and a twelve month high of $2.77. The firm has a market cap of $602.83 million, a PE 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 Company Profile

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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