Resolute Mining’s (RSG) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Resolute Mining (LON:RSG)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 110 price objective on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 100.00% from the stock’s previous close.

Separately, Berenberg Bank boosted their price target on Resolute Mining from GBX 105 to GBX 106 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 240.25.

Resolute Mining Stock Performance

Shares of LON:RSG opened at GBX 55 on Friday. 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 capitalization of £1.18 billion, a PE ratio of 9.18 and a beta of 1.32. Resolute Mining has a 1 year low of GBX 30.40 and a 1 year high of GBX 86. The firm has a fifty day moving average price of GBX 54.09 and a 200 day moving average price of GBX 65.26.

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.