Acacia Mining's (ABGLF) rating increases at Zacks Investment Research

Acacia Mining (OTCMKTS: ABGLF) was upgraded by Zacks Investment Research from a "hold" to a "buy" "Rating in a research note published on Thursday . " The target price of Zacks Investment Research indicates a potential upside of 14.29% of the current price of the company. Zacks, "Acacia Mining plc is a mining company that acquires and explores primarily for gold. The Company's production mines consist of Bulyanhulu, Buzwagi and North Mara and a portfolio of exploration projects in Tanzania. , in Kenya and Burkina Faso, such as African Barrick Gold plc, is based in London, UK. "

Acacia Mining shares remained unchanged at $ 1.75 mid-day Thursday, according to MarketBeat Ratings. $ 717.65 million, a price / earnings ratio of 4.86 and a beta of 0.65. Acacia Mining has a one – year low of $ 1.62 and a one – year high of $ 3.70. The company has a debt ratio of 0.04, a ratio of 1.14 and a ratio of 0.42.

Acacia Mining (OTCMKTS: ABGLF) announced its quarterly results on Thursday, April 19th. The base materials company reported earnings per share (EPS) of $ 0.02 for the quarter. The company achieved a turnover of 156.52 million dollars for the quarter. Acacia Mining recorded a return on equity of 12.54% and a negative net margin of 101.50%. The sell-side analysts expect Acacia Mining to post earnings per share of 0.15 for the current year.

About Acacia Mining

Acacia Mining plc, in conjunction 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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