Resolute Mining (LON:RSG) Sets New 52-Week High – Should You Buy?

Resolute Mining Limited (LON:RSG) reached a new 52-week high on Wednesday . The stock traded as high as GBX 64.60 and last traded at GBX 64.60, with a volume of 209868 shares. The stock had previously closed at GBX 63.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their target price on Resolute Mining from GBX 65 to GBX 64 and set a “buy” rating on the stock in a report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 64.

Resolute Mining Price Performance

The stock’s 50-day moving average price is GBX 52.73 and its 200 day moving average price is GBX 42.09. The firm has a market cap of £1.38 billion, a price-to-earnings ratio of 111.38 and a beta of 1.28. The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 9.86.

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.