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

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 105 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 102.35% from the company’s previous close.

RSG has been the subject of a number of other reports. JPMorgan Chase & Co. cut their target price on shares of Resolute Mining to GBX 635 and set an “overweight” rating for the company in a report on Thursday, March 26th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 110 price objective on shares of Resolute Mining in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 283.33.

Resolute Mining Stock Up 1.0%

Shares of RSG stock opened at GBX 51.89 on Thursday. The stock has a market cap of £1.11 billion, a P/E ratio of 8.66 and a beta of 1.33. Resolute Mining has a 52 week low of GBX 28.30 and a 52 week high of GBX 86. 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 company’s fifty day simple moving average is GBX 65.87 and its two-hundred day simple moving average is GBX 67.43.

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.