Resolute Mining (LON:RSG) Earns “Buy” Rating from Berenberg Bank

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 89 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 20.27% from the company’s current price.

Several other research analysts have also recently weighed in on RSG. Stifel Nicolaus reissued a “buy” rating and issued a GBX 110 price objective on shares of Resolute Mining in a research report on Thursday, March 5th. JPMorgan Chase & Co. decreased their target price on Resolute Mining to GBX 635 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Resolute Mining presently has a consensus rating of “Buy” and an average price target of GBX 278.

Resolute Mining Stock Performance

RSG stock opened at GBX 74 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 1.01 and a debt-to-equity ratio of 29.62. The firm has a market cap of £1.58 billion, a PE ratio of 12.35 and a beta of 1.36. The business has a 50 day moving average of GBX 72.33 and a 200-day moving average of GBX 64.64. Resolute Mining has a 12-month low of GBX 26.40 and a 12-month 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.