Resolute Mining (LON:RSG) Shares Up 10.1% – Time to Buy?

Resolute Mining Limited (LON:RSG) was up 10.1% during trading on Friday . The stock traded as high as GBX 76 and last traded at GBX 76. Approximately 314,652 shares traded hands during trading, an increase of 116% from the average daily volume of 145,762 shares. The stock had previously closed at GBX 69.

Analyst Ratings Changes

A number of research firms have recently weighed in on RSG. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 110 price objective on shares of Resolute Mining in a research note on Friday, August 7th. Berenberg Bank boosted their target price on shares of Resolute Mining from GBX 105 to GBX 106 and gave the company a “buy” rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 240.25.

Resolute Mining Stock Performance

The company has a market capitalization of £1.62 billion, a PE ratio of 12.69 and a beta of 1.32. The firm has a 50-day moving average of GBX 55.67 and a two-hundred day moving average of GBX 64.96. The company has a quick ratio of 0.41, a current ratio of 1.61 and a debt-to-equity ratio of 19.83.

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.