Resolute Mining’s (RSG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Resolute Mining (LON:RSG) in a research report report published on Thursday morning, MarketBeat.com reports. They currently have a GBX 101 target price on the stock.

Separately, Stifel Nicolaus restated a “buy” rating and set a GBX 110 target price on shares of Resolute Mining in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 105.50.

Resolute Mining Trading Down 5.3%

LON:RSG opened at GBX 74.41 on Thursday. The company has a market cap of £1.59 billion, a P/E ratio of 14.48 and a beta of 1.61. Resolute Mining has a twelve month low of GBX 17.37 and a twelve month high of GBX 86. The business has a 50 day moving average price of GBX 69.47 and a two-hundred day moving average price of GBX 55.88. The company has a quick ratio of 0.41, a current ratio of 1.01 and a debt-to-equity ratio of 29.62.

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.