Zacks: African Barrick Gold Ltd (ABGLF) Given Consensus Recommendation of “Sell” by Brokerages
Shares of African Barrick Gold Ltd (NASDAQ:ABGLF) have been assigned an average broker rating score of 3.67 (Sell) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and two have issued a hold recommendation on the company. African Barrick Gold’s rating score has declined by 22.3% in the last 90 days as a result of various analysts’ ratings changes.
Zacks has also given African Barrick Gold an industry rank of 193 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of African Barrick Gold from a “buy” rating to a “hold” rating in a report on Thursday.
Shares of African Barrick Gold (NASDAQ:ABGLF) remained flat at $2.32 during trading on Friday. The stock has a market capitalization of $951.40 million and a price-to-earnings ratio of 5.83. The company’s 50 day moving average is $3.18 and its 200-day moving average is $4.72. African Barrick Gold has a 52 week low of $2.01 and a 52 week high of $6.80.
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