Resolute Mining (LON:RSG) Reaches New 1-Year High – Here’s What Happened

Resolute Mining Limited (LON:RSG)’s share price reached a new 52-week high on Friday . The stock traded as high as GBX 65.80 and last traded at GBX 65.80, with a volume of 214104 shares trading hands. The stock had previously closed at GBX 63.40.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price target on shares of Resolute Mining from GBX 65 to GBX 64 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 64.

Resolute Mining Price Performance

The company has a market cap of £1.39 billion, a price-to-earnings ratio of 112.93 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 9.86. The company has a fifty day moving average price of GBX 54.50 and a two-hundred day moving average price of GBX 44.39.

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.