Resolute Mining (LON:RSG) Stock Price Down 1.5% – Should You Sell?

Resolute Mining Limited (LON:RSG) dropped 1.5% on Tuesday . The company traded as low as GBX 53.08 and last traded at GBX 53.60. Approximately 23,665 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 256,271 shares. The stock had previously closed at GBX 54.40.

Analysts Set New Price Targets

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

Resolute Mining Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 9.86. The stock has a market capitalization of £1.14 billion, a PE ratio of 92.41 and a beta of 1.28. The business’s 50 day moving average is GBX 51.65 and its 200 day moving average is GBX 39.78.

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.