Berenberg Bank Increases Resolute Mining (LON:RSG) Price Target to GBX 47

Resolute Mining (LON:RSG) had its target price lifted by equities researchers at Berenberg Bank from GBX 45 ($0.60) to GBX 47 ($0.62) in a report released on Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 50.64% from the stock’s current price.

Resolute Mining Trading Up 0.8%

Shares of LON RSG opened at GBX 31.20 ($0.41) on Tuesday. The stock has a market cap of £831.27 million, a price-to-earnings ratio of 67.77 and a beta of 1.28. The business has a 50 day simple moving average of GBX 30.17 and a 200 day simple moving average of GBX 24.43. The company has a debt-to-equity ratio of 9.86, a quick ratio of 0.41 and a current ratio of 1.19. Resolute Mining has a 52 week low of GBX 16.90 ($0.22) and a 52 week high of GBX 46 ($0.61).

About Resolute Mining

Resolute Mining (ASX/LSE: RSG) is an African gold miner, developer, and explorer with more than 30 years of experience across Australia and Africa. To date the Company has produced over nine million ounces of gold. It currently operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Resolute’s gold production and cost guidance for 2025 is 275,000 – 300,000 oz at an AISC of $1,650 – 1,750/oz.

Through all its activities, sustainability is the core value at Resolute.