Resolute Mining (LON:RSG) Earns “Buy” Rating from Berenberg Bank

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report released on Monday, September 21st, Digital Look reports. They presently have a GBX 106 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 79.66% from the company’s current price.

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

Resolute Mining Price Performance

RSG stock traded down GBX 6 during trading on Monday, hitting GBX 59. 181,385 shares of the stock traded hands, compared to its average volume of 142,034. The stock has a market cap of £1.26 billion, a price-to-earnings ratio of 6.53 and a beta of 1.32. Resolute Mining has a one year low of GBX 39.40 and a one year high of GBX 86. 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 company has a 50 day simple moving average of GBX 63.52 and a 200 day simple moving average of GBX 64.29.

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.