Resolute Mining (LON:RSG) Given New GBX 106 Price Target at Berenberg Bank

Resolute Mining (LON:RSG) had its target price boosted by stock analysts at Berenberg Bank from GBX 105 to GBX 106 in a report issued on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 121.13% from the stock’s current price.

Resolute Mining Stock Performance

LON RSG opened at GBX 47.94 on Thursday. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. The stock’s 50 day simple moving average is GBX 56.10 and its 200-day simple moving average is GBX 65.87. The company has a market cap of £1.02 billion, a PE ratio of 8.00 and a beta of 1.32. Resolute Mining has a 1-year low of GBX 29 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.