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Acacia Mining (OTCMKTS: ABGLF) was upgraded by Zacks Investment Research from a "hold" to a "buy" "rating in a research report issued to clients and investors on Thursday, July 12 The brokerage firm currently has a target price of $ 2.00 on the title of the commodity company. Zacks Investment Research's price target indicates a upside potential of 36, 05% After Zacks, "Acacia Mining plc is a mining company that acquires and explores primarily for gold. The Company's producing mines consist of Bulyanhulu, Buzwagi and North Mara and a portfolio of projects. Exploration in Tanzania, Kenya and Burkina Faso Acacia Mining plc, formerly known as African Barrick Gold plc, is based in London, UK. "
Acacia Mining shares remained at 1 , 47 dollar Thursday, reports Marketbeat.com. uick ratio of 0.42, a ratio of 1.14 and a debt ratio of 0.04. Acacia Mining has a low of fifty-two weeks of $ 1.47 and a fifty-two week high of $ 2.77. The stock has a market capitalization of $ 602.83 million, a price / earnings ratio of 4.08 and a beta of 0.65.
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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