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Acacia Mining (OTCMKTS: ABGLF) was upgraded by Zacks Investment Research from a "hold" to a "buy" "price target of Zacks Investment Research is proposing upside potential of 14.29% over current stock price, "according to a research report released Thursday. "Acacia Mining plc is a mining company that acquires and explores primarily for gold. The Company's production mines consists of Bulyanhulu, Buzwagi and North Mara and a portfolio of exploration projects in Tanzania, Canada. Kenya and Burkina Faso, known as African Barrick Gold plc, is based in London, UK. "
Acacia Mining remained steady at $ 1.75 on Thursday, reports MarketBeat Ratings, with a market capitalization of $ 717.65 million. 86 and a beta of 0.65. The company has a ratio of 1.14, a ratio of 0.42 and a debt ratio of 0.04. Acacia Mining has a one – year low of $ 1.62 and a one – year high of $ 3.70.
Acacia Mining (OTCMKTS: ABGLF) released its financial results for the last time on Thursday, April 19th. The base materials company reported earnings per share of $ 0.02 for the quarter. Acacia Mining recorded a return on equity of 12.54% and a negative net margin of 101.50%. The company achieved a turnover of 156.52 million dollars for the quarter. Research analysts expect that Acacia Mining will post 0.14 earnings per share for the current fiscal year.
About Acacia Mining
Acacia Mining plc, with its subsidiaries, extracts, processes and sells gold in Africa. The company owns three gold mines in northwestern 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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