Resolute Mining (LON:RSG) Reaches New 12-Month High – Time to Buy?

Resolute Mining Limited (LON:RSG)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 68.48 and last traded at GBX 68.48, with a volume of 153956 shares traded. The stock had previously closed at GBX 63.60.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their target price on shares of Resolute Mining from GBX 65 to GBX 64 and set a “buy” rating on the stock in a report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Resolute Mining currently has an average rating of “Buy” and a consensus target price of GBX 64.

Resolute Mining Price Performance

The company’s 50 day moving average price is GBX 57.16 and its 200 day moving average price is GBX 45.87. The company has a debt-to-equity ratio of 9.86, a quick ratio of 0.41 and a current ratio of 1.19. The company has a market cap of £1.37 billion, a price-to-earnings ratio of 110.76 and a beta of 1.28.

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.