Resolute Mining (LON:RSG) Given “Buy” Rating at Berenberg Bank

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 89 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 30.88% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Resolute Mining to GBX 635 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Stifel Nicolaus restated a “buy” rating and issued a GBX 110 price objective on shares of Resolute Mining in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 278.

Resolute Mining Trading Down 0.3%

Shares of Resolute Mining stock opened at GBX 68 on Friday. Resolute Mining has a 52-week low of GBX 26.90 and a 52-week high of GBX 86. The stock’s 50-day simple moving average is GBX 71.02 and its 200 day simple moving average is GBX 65.46. The stock has a market capitalization of £1.45 billion, a P/E ratio of 11.35 and a beta of 1.36. The company has a debt-to-equity ratio of 29.62, a quick ratio of 0.41 and a current ratio of 1.01.

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.