Resolute Mining (LON:RSG) Given “Hold” Rating at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Resolute Mining (LON:RSG) in a report issued on Monday,London Stock Exchange reports.

Separately, Stifel Nicolaus reissued a “buy” rating and issued a GBX 110 target price on shares of Resolute Mining in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 105.50.

Resolute Mining Trading Down 8.0%

Shares of RSG traded down GBX 5.80 during trading hours on Monday, reaching GBX 67. The stock had a trading volume of 417,986 shares, compared to its average volume of 162,424. The company has a market cap of £1.43 billion, a P/E ratio of 13.04 and a beta of 1.61. Resolute Mining has a 52 week low of GBX 17.37 and a 52 week high of GBX 86. The company has a quick ratio of 0.41, a current ratio of 1.01 and a debt-to-equity ratio of 29.62. The firm has a 50-day moving average of GBX 71.43 and a 200 day moving average of GBX 58.14.

Resolute Mining Company Profile

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.