Resolute Mining (LON:RSG) Given Buy Rating at Berenberg Bank

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

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

Resolute Mining Price Performance

Shares of RSG stock traded down GBX 1.50 on Thursday, reaching GBX 79.60. 162,808 shares of the company were exchanged, compared to its average volume of 168,972. The company has a market cap of £1.70 billion, a price-to-earnings ratio of 137.24 and a beta of 1.57. The business has a 50-day moving average price of GBX 68.98 and a 200 day moving average price of GBX 55.28. The company has a debt-to-equity ratio of 29.62, a quick ratio of 0.41 and a current ratio of 1.01. Resolute Mining has a 1 year low of GBX 17.37 and a 1 year high of GBX 86.

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.