Berenberg Bank Reaffirms Buy Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “buy” rating restated by Berenberg Bank in a research note issued to investors on Monday, Digital Look reports. They currently have a GBX 106 target price on the stock. Berenberg Bank’s target price points to a potential upside of 63.08% from the stock’s previous close.

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 110 target price on shares of Resolute Mining in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 240.25.

Resolute Mining Stock Performance

Shares of Resolute Mining stock opened at GBX 65 on Monday. The company has a current ratio of 1.61, a quick ratio of 0.41 and a debt-to-equity ratio of 19.83. The stock’s fifty day moving average price is GBX 62.65 and its 200-day moving average price is GBX 64.53. The firm has a market cap of £1.39 billion, a P/E ratio of 7.19 and a beta of 1.32. Resolute Mining has a 12 month low of GBX 39.40 and a 12 month high of GBX 86.

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.