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

Berenberg Bank reiterated their buy rating on shares of Resolute Mining (LON:RSG) in a research report report published on Thursday morning, MarketBeat.com reports. The brokerage currently has a GBX 74 price objective on the stock.

Resolute Mining Price Performance

RSG stock opened at GBX 67 on Thursday. Resolute Mining has a 12 month low of GBX 16.90 and a 12 month high of GBX 69. 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 50-day moving average price of GBX 58.98 and a 200 day moving average price of GBX 47.20. The stock has a market cap of £1.43 billion, a PE ratio of 115.52 and a beta of 1.28.

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.