Berenberg Bank Reiterates “Buy” Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 89 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 30.88% from the stock’s previous close.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. cut their price objective on Resolute Mining to GBX 635 and set an “overweight” rating for the company in a report on Thursday, March 26th. Stifel Nicolaus restated a “buy” rating and issued a GBX 110 target price on shares of Resolute Mining in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 278.

Resolute Mining Stock Down 0.3%

Shares of LON RSG opened at GBX 68 on Friday. Resolute Mining has a 12 month low of GBX 26.90 and a 12 month high of GBX 86. The company has a current ratio of 1.01, a quick ratio of 0.41 and a debt-to-equity ratio of 29.62. The firm has a market capitalization of £1.45 billion, a price-to-earnings ratio of 11.35 and a beta of 1.36. The business has a 50-day moving average of GBX 71.02 and a 200-day moving average of GBX 65.46.

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.