Stifel Nicolaus Reiterates Buy Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a report released on Thursday, MarketBeat.com reports. They currently have a GBX 110 price objective on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 47.84% from the stock’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 74 target price on shares of Resolute Mining in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 105.50.

Resolute Mining Price Performance

Shares of Resolute Mining stock opened at GBX 74.41 on Thursday. Resolute Mining has a 52 week low of GBX 17.37 and a 52 week high of GBX 86. 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 stock has a market cap of £1.59 billion, a PE ratio of 14.48 and a beta of 1.61. The company’s 50-day moving average price is GBX 69.47 and its two-hundred day moving average price is GBX 55.73.

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.