Berenberg Bank Reaffirms Buy Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued on Thursday, MarketBeat.com reports. They currently have a GBX 89 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 18.98% from the stock’s current price.

Several other analysts have also commented on the company. JPMorgan Chase & Co. decreased their price objective on Resolute Mining to GBX 635 and set an “overweight” rating for the company in a report on Thursday, March 26th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 110 price objective on shares of Resolute Mining in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 278.

Resolute Mining Stock Performance

Shares of RSG opened at GBX 74.80 on Thursday. Resolute Mining has a 12 month low of GBX 22.40 and a 12 month high of GBX 86. The stock has a fifty day moving average price of GBX 74.13 and a 200-day moving average price of GBX 63.72. The company has a current ratio of 1.01, a quick ratio of 0.41 and a debt-to-equity ratio of 29.62. The firm has a market cap of £1.60 billion, a PE ratio of 12.49 and a beta of 1.53.

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.