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

Berenberg Bank reiterated their buy rating on shares of Resolute Mining (LON:RSG) in a research note released on Monday morning,Digital Look reports. The firm currently has a GBX 106 price target on the stock.

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 110 target price on shares of Resolute Mining in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 240.25.

Resolute Mining Trading Down 5.6%

Shares of LON:RSG opened at GBX 67 on Monday. The company has a debt-to-equity ratio of 19.83, a quick ratio of 0.41 and a current ratio of 1.61. The stock’s 50-day moving average is GBX 62.38 and its 200-day moving average is GBX 64.64. The company has a market cap of £1.43 billion, a P/E ratio of 7.41 and a beta of 1.32. Resolute Mining has a 52-week low of GBX 39.40 and a 52-week high of GBX 86.

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.