Resolute Mining’s (RSG) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Resolute Mining (LON:RSG) in a report issued on Friday morning, Marketbeat.com reports. The firm currently has a GBX 110 target price on the stock.

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

Resolute Mining Stock Up 5.5%

Shares of LON RSG opened at GBX 58 on Friday. Resolute Mining has a 52-week low of GBX 30.40 and a 52-week high of GBX 86. 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 business has a fifty day moving average of GBX 53.83 and a two-hundred day moving average of GBX 65.20. The stock has a market cap of £1.24 billion, a PE ratio of 9.68 and a beta of 1.32.

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.