African Barrick Gold Ltd (ABGLF) Expected to Post FY2017 Earnings of $0.28 Per Share

African Barrick Gold Ltd (OTCMKTS:ABGLF) – Investment analysts at Jefferies Group lifted their FY2017 earnings per share estimates for shares of African Barrick Gold in a note issued to investors on Monday. Jefferies Group analyst A. Spence now anticipates that the basic materials company will post earnings of $0.28 per share for the year, up from their prior estimate of $0.27.

Separately, Zacks Investment Research upgraded African Barrick Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th.

Shares of African Barrick Gold (OTCMKTS:ABGLF) opened at $2.77 on Wednesday. The stock has a market capitalization of $1,135.94, a price-to-earnings ratio of 7.49 and a beta of 0.01. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.03. African Barrick Gold has a 52 week low of $2.01 and a 52 week high of $6.62.

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About African Barrick Gold

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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