Resolute Mining’s (RSG) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Resolute Mining (LON:RSG) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a GBX 74 price target on the stock.

Resolute Mining Trading Down 0.2%

LON:RSG opened at GBX 66 on Thursday. Resolute Mining has a 52-week low of GBX 16.90 and a 52-week high of GBX 68.60. The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 9.86. The stock has a fifty day simple moving average of GBX 58.63 and a 200-day simple moving average of GBX 46.84. The company has a market capitalization of £1.41 billion, a PE ratio of 113.79 and a beta of 1.28.

Resolute Mining Company Profile

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.