Resolute Mining (LON:RSG) Shares Down 3.6% – Should You Sell?

Resolute Mining Limited (LON:RSG) shares traded down 3.6% during mid-day trading on Tuesday . The stock traded as low as GBX 49 and last traded at GBX 49.55. 497,279 shares were traded during mid-day trading, an increase of 88% from the average session volume of 263,907 shares. The stock had previously closed at GBX 51.40.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price target on shares of Resolute Mining from GBX 65 to GBX 64 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Resolute Mining presently has an average rating of “Buy” and a consensus target price of GBX 64.

Resolute Mining Trading Down 3.6%

The company has a debt-to-equity ratio of 9.86, a quick ratio of 0.41 and a current ratio of 1.19. The firm has a 50-day moving average of GBX 48.71 and a 200-day moving average of GBX 37.07. The firm has a market capitalization of £1.06 billion, a P/E ratio of 85.43 and a beta of 1.28.

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.