Resolute Mining (LON:RSG) Shares Down 1% – Here’s What Happened

Resolute Mining Limited (LON:RSG) traded down 1% during trading on Friday . The company traded as low as GBX 47.10 and last traded at GBX 49. 93,693 shares traded hands during trading, a decline of 38% from the average session volume of 151,682 shares. The stock had previously closed at GBX 49.50.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RSG. JPMorgan Chase & Co. lowered their price target on shares of Resolute Mining to GBX 635 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Berenberg Bank reissued a “buy” rating and set a GBX 105 price objective on shares of Resolute Mining in a report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 283.33.

Resolute Mining Stock Down 1.0%

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 stock has a market capitalization of £1.05 billion, a PE ratio of 8.18 and a beta of 1.32. The business has a 50 day moving average of GBX 58.81 and a two-hundred day moving average of GBX 66.43.

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.