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 to investors 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, reaching $5.55. The company’s stock had a trading volume of 650 shares. The firm has a 50-day moving average price of $6.40 and a 200 day moving average price of $5.69. African Barrick Gold has a 52-week low of $2.40 and a 52-week high of $7.47. The stock’s market capitalization is $2.28 billion.

5 Day Chart for NASDAQ:ABGLF

Receive News & Stock Ratings for African Barrick Gold Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for African Barrick Gold Ltd and related stocks with our FREE daily email newsletter.