Resolute Mining (LON:RSG) Sets New 12-Month High – Here’s What Happened

Resolute Mining Limited (LON:RSG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 54.72 ($0.73) and last traded at GBX 54.72 ($0.73), with a volume of 451778 shares changing hands. The stock had previously closed at GBX 52.80 ($0.71).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 46 price target on shares of Resolute Mining in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 46.

Resolute Mining Stock Performance

The company has a market capitalization of £1.18 billion, a PE ratio of 9,517.24 and a beta of 1.28. The firm’s 50-day simple moving average is GBX 37.27 and its 200-day simple moving average is GBX 30.49. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 9.86.

About Resolute Mining

Resolute Mining (ASX/LSE: RSG) 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.