African Barrick Gold Ltd (NASDAQ:ABGLF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

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. “

African Barrick Gold (NASDAQ:ABGLF) traded down 5.93% during midday trading on Tuesday, hitting $5.55. 650 shares of the company traded hands. The company’s market capitalization is $2.28 billion. African Barrick Gold has a 12-month low of $2.40 and a 12-month high of $7.47. The stock’s 50-day moving average price is $6.40 and its 200 day moving average price is $5.69.

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