Resolute Mining (LON:RSG) Price Target Raised to GBX 106

Resolute Mining (LON:RSG) had its price target increased by Berenberg Bank from GBX 105 to GBX 106 in a research note published on Thursday,Digital Look reports. The brokerage currently has a buy rating on the stock.

Resolute Mining Stock Performance

RSG opened at GBX 49 on Thursday. The stock’s fifty day moving average is GBX 55.41 and its two-hundred day moving average is GBX 65.65. The company has a market capitalization of £1.05 billion, a P/E ratio of 8.18 and a beta of 1.32. Resolute Mining has a 52 week low of GBX 29 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.

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.