Resolute Mining (LON:RSG) Given New GBX 107 Price Target at Berenberg Bank

Resolute Mining (LON:RSG) had its price target decreased by investment analysts at Berenberg Bank from GBX 109 to GBX 107 in a report issued on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 77.98% from the company’s current price.

A number of other research firms also recently issued reports on RSG. JPMorgan Chase & Co. decreased their price target on shares of Resolute Mining to GBX 635 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 110 price target on shares of Resolute Mining in a research note on Thursday, March 5th. Three equities 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 price target of GBX 284.

Resolute Mining Price Performance

RSG stock opened at GBX 60.12 on Friday. Resolute Mining has a 1 year low of GBX 26.90 and a 1 year high of GBX 86. The company has a market cap of £1.29 billion, a P/E ratio of 10.04 and a beta of 1.36. The firm has a 50-day moving average of GBX 70.12 and a 200 day moving average of GBX 66.96. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41.

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.