Resolute Mining’s (RSG) “Buy” Rating Reiterated at Berenberg Bank

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 89 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 20.27% from the company’s current price.

A number of other brokerages have also recently issued reports on RSG. Stifel Nicolaus restated a “buy” rating and issued a GBX 110 price objective on shares of Resolute Mining in a research note on Thursday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of Resolute Mining to GBX 635 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 278.

Resolute Mining Stock Up 5.4%

RSG stock opened at GBX 74 on Wednesday. The company has a debt-to-equity ratio of 29.62, a quick ratio of 0.41 and a current ratio of 1.01. The company has a market capitalization of £1.58 billion, a price-to-earnings ratio of 12.35 and a beta of 1.36. Resolute Mining has a fifty-two week low of GBX 26.40 and a fifty-two week high of GBX 86. The stock has a fifty day moving average of GBX 72.33 and a 200-day moving average of GBX 64.64.

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.