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

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report released on Thursday, MarketBeat reports. They presently have a GBX 101 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 26.88% from the stock’s previous close.

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 110 target price on shares of Resolute Mining in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 105.50.

Resolute Mining Stock Performance

Resolute Mining stock traded down GBX 1.50 during mid-day trading on Thursday, reaching GBX 79.60. 162,808 shares of the company traded hands, compared to its average volume of 168,972. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. Resolute Mining has a fifty-two week low of GBX 17.37 and a fifty-two week high of GBX 86. The company has a market capitalization of £1.70 billion, a price-to-earnings ratio of 137.24 and a beta of 1.57. The firm’s fifty day moving average is GBX 68.98 and its two-hundred day moving average is GBX 55.28.

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.