Resolute Mining’s (RSG) “Buy” Rating Reaffirmed at Berenberg Bank

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 105 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 108.33% from the company’s previous close.

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

Resolute Mining Trading Down 1.9%

Shares of LON RSG opened at GBX 50.40 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.41 and a debt-to-equity ratio of 29.62. Resolute Mining has a one year low of GBX 29 and a one year high of GBX 86. The business has a 50-day moving average price of GBX 57.99 and a two-hundred day moving average price of GBX 66.32. The firm has a market capitalization of £1.08 billion, a PE ratio of 8.41 and a beta of 1.32.

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.