Resolute Mining (LON:RSG) Reaches New 12-Month High – What’s Next?

Resolute Mining Limited (LON:RSG)’s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 65.80 and last traded at GBX 65.80, with a volume of 214104 shares. The stock had previously closed at GBX 63.40.

Analyst Ratings Changes

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 research report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 64.

Resolute Mining Trading Up 1.9%

The business has a 50 day moving average of GBX 54.84 and a two-hundred day moving average of GBX 44.74. The firm has a market cap of £1.38 billion, a P/E ratio of 111.38 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 0.41 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.