Berenberg Bank Issues Pessimistic Forecast for Resolute Mining (LON:RSG) Stock Price

Resolute Mining (LON:RSG) had its target price lowered by analysts at Berenberg Bank from GBX 65 to GBX 64 in a report issued on Tuesday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 30.21% from the company’s previous close.

Resolute Mining Stock Up 2.4%

RSG stock opened at GBX 49.15 on Tuesday. Resolute Mining has a fifty-two week low of GBX 16.90 and a fifty-two week high of GBX 59. The business has a 50-day moving average of GBX 45.30 and a 200-day moving average of GBX 34.70. The stock has a market capitalization of £1.05 billion, a P/E ratio of 84.74 and a beta of 1.28. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41.

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.