Resolute Mining (LON:RSG) Price Target Cut to GBX 635 by Analysts at JPMorgan Chase & Co.

Resolute Mining (LON:RSG) had its price target trimmed by JPMorgan Chase & Co. to GBX 635 in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a GBX 110 target price on shares of Resolute Mining in a research note on Thursday, March 5th. Berenberg Bank lowered their price target on shares of Resolute Mining to GBX 600 and set a “hold” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 448.33.

Resolute Mining Price Performance

RSG stock opened at GBX 66 on Thursday. The business’s 50-day moving average is GBX 71.63 and its two-hundred day moving average is GBX 59.34. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. 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 1 year low of GBX 17.37 and a 1 year high of GBX 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.