Resolute Mining (LON:RSG) Hits New 1-Year High – Time to Buy?

Shares of Resolute Mining Limited (LON:RSG) reached a new 52-week high on Thursday . The stock traded as high as GBX 76 and last traded at GBX 75.40, with a volume of 53915 shares. The stock had previously closed at GBX 73.20.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 74 target price on shares of Resolute Mining in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 74.

Resolute Mining Stock Performance

The business’s fifty day moving average price is GBX 63.33 and its two-hundred day moving average price is GBX 50.63. The company has a debt-to-equity ratio of 9.86, a quick ratio of 0.41 and a current ratio of 1.19. The stock has a market capitalization of £1.56 billion, a P/E ratio of 125.86 and a beta of 1.28.

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.