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

Berenberg Bank restated their buy rating on shares of Resolute Mining (LON:RSG) in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 105 target price on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on Resolute Mining to GBX 635 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 283.33.

Resolute Mining Stock Performance

RSG opened at GBX 53 on Wednesday. The company has a market capitalization of £1.13 billion, a price-to-earnings ratio of 8.85 and a beta of 1.32. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. Resolute Mining has a 1-year low of GBX 29 and a 1-year high of GBX 86. The business has a 50 day moving average price of GBX 57.63 and a two-hundred day moving average price of GBX 66.27.

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.