Resolute Mining (LON:RSG) Given New GBX 600 Price Target at Berenberg Bank

Resolute Mining (LON:RSG) had its target price lowered by Berenberg Bank to GBX 600 in a report issued on Thursday morning, MarketBeat.com reports. Berenberg Bank currently has a hold rating on the stock.

Separately, Stifel Nicolaus reiterated a “buy” rating and set a GBX 110 price target on shares of Resolute Mining in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Resolute Mining presently has a consensus rating of “Moderate Buy” and an average price target of GBX 448.33.

Resolute Mining Stock Performance

LON RSG opened at GBX 66 on Thursday. The company has a debt-to-equity ratio of 29.62, a quick ratio of 0.41 and a current ratio of 1.01. The stock’s fifty day moving average is GBX 71.63 and its two-hundred day moving average is GBX 59.34. The firm has a market capitalization of £1.41 billion, a P/E ratio of 12.84 and a beta of 1.61. Resolute Mining has a fifty-two week low of GBX 17.37 and a fifty-two week high of GBX 86.

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.