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

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

Other analysts also recently issued reports about the stock. 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. JPMorgan Chase & Co. lowered their price objective on shares of Resolute Mining to GBX 635 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Three equities research 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 price target of GBX 284.

Resolute Mining Stock Performance

Resolute Mining stock opened at GBX 60.12 on Friday. 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 company has a market capitalization of £1.29 billion, a PE ratio of 10.04 and a beta of 1.36. The firm has a fifty day simple moving average of GBX 70.12 and a two-hundred day simple moving average of GBX 66.96. Resolute Mining has a twelve month low of GBX 26.90 and a twelve month high of GBX 86.

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.