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

Resolute Mining Limited (LON:RSG) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 58.80 ($0.79) and last traded at GBX 58.20 ($0.78), with a volume of 82598 shares changing hands. The stock had previously closed at GBX 57 ($0.76).

Analyst Ratings Changes

Separately, Berenberg Bank raised their price objective on shares of Resolute Mining from GBX 46 to GBX 65 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Resolute Mining presently has an average rating of “Buy” and an average target price of GBX 65.

Resolute Mining Trading Up 5.2%

The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41. The company has a market cap of £1.18 billion, a PE ratio of 95.60 and a beta of 1.28. The company’s 50 day simple moving average is GBX 43.50 and its two-hundred day simple moving average is GBX 33.37.

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.