Resolute Mining (LON:RSG) Given Buy Rating at Berenberg Bank

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 89 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 14.10% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on RSG. JPMorgan Chase & Co. reduced their price objective on Resolute Mining to GBX 635 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 110 price objective on shares of Resolute Mining in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Resolute Mining has an average rating of “Buy” and a consensus target price of GBX 278.

Resolute Mining Stock Up 5.1%

RSG traded up GBX 3.80 on Thursday, reaching GBX 78. The company’s stock had a trading volume of 65,292 shares, compared to its average volume of 154,654. The stock has a 50 day moving average of GBX 74.02 and a two-hundred day moving average of GBX 63.48. The company has a quick ratio of 0.41, a current ratio of 1.01 and a debt-to-equity ratio of 29.62. The company has a market capitalization of £1.67 billion, a price-to-earnings ratio of 13.02 and a beta of 1.53. Resolute Mining has a fifty-two week low of GBX 22.27 and a fifty-two week high of GBX 86.

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.