Resolute Mining (LON:RSG) Stock Price Breaks Above 200-Day Moving Average – Here’s What Happened

Resolute Mining Limited (LON:RSG)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 64.77 and traded as high as GBX 67. Resolute Mining shares last traded at GBX 65.20, with a volume of 185,628 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 110 price target on shares of Resolute Mining in a report on Friday, August 7th. Berenberg Bank reissued a “buy” rating and set a GBX 94 target price on shares of Resolute Mining in a research report on Thursday, October 29th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 237.25.

Resolute Mining Trading Up 1.6%

The company has a debt-to-equity ratio of 19.83, a quick ratio of 0.41 and a current ratio of 1.61. The company has a market cap of £1.35 billion, a price-to-earnings ratio of 6.99 and a beta of 1.32. The company’s fifty day moving average is GBX 62.78 and its two-hundred day moving average is GBX 64.73.

About Resolute Mining

Resolute is an African-focused gold miner with more than 30 years of experience as an explorer, developer and operator. Throughout its history the Company has produced more than 9 million ounces of gold from ten gold mines. The Company is now entering a growth phase through the development of the Doropo project in Côte d’Ivoire which will supplement the existing production from the Syama mine in Mali and Mako mine in Senegal. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.