Royal Bank Of Canada Reaffirms Outperform Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 110 price target on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 100.00% from the stock’s current price.

Separately, Berenberg Bank lifted their price target on Resolute Mining from GBX 105 to GBX 106 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Resolute Mining has a consensus rating of “Buy” and a consensus price target of GBX 240.25.

Resolute Mining Price Performance

LON RSG opened at GBX 55 on Friday. The stock has a 50-day simple moving average of GBX 54.09 and a 200 day simple moving average of GBX 65.26. Resolute Mining has a twelve month low of GBX 30.40 and a twelve month high of GBX 86. The stock has a market capitalization of £1.18 billion, a PE ratio of 9.18 and a beta of 1.32. The company has a debt-to-equity ratio of 29.62, a quick ratio of 0.41 and a current ratio of 1.01.

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.