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

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 African Barrick Gold (NASDAQ ABGLF) remained flat at $2.53 during trading on Monday. The stock had a trading volume of 27 shares. The company’s 50-day moving average price is $2.49 and its 200 day moving average price is $3.57. African Barrick Gold has a 52 week low of $2.01 and a 52 week high of $6.62. The stock has a market capitalization of $1.04 billion and a PE ratio of 6.36.

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