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

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 105 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 108.33% from the company’s current price.

Separately, JPMorgan Chase & Co. cut their price target on shares of Resolute Mining to GBX 635 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Resolute Mining has an average rating of “Buy” and an average target price of GBX 283.33.

Resolute Mining Price Performance

LON RSG opened at GBX 50.40 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 1.01 and a debt-to-equity ratio of 29.62. The stock has a market capitalization of £1.08 billion, a PE ratio of 8.41 and a beta of 1.32. The company has a 50 day moving average price of GBX 57.99 and a two-hundred day moving average price of GBX 66.32. Resolute Mining has a 12-month low of GBX 29 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.