Resolute Mining (LON:RSG) Shares Down 1% – Here’s Why

Resolute Mining Limited (LON:RSG)’s stock price was down 1% on Friday . The stock traded as low as GBX 47.10 and last traded at GBX 49. 93,693 shares changed hands during trading, a decline of 38% from the average daily volume of 151,682 shares. The stock had previously closed at GBX 49.50.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RSG. JPMorgan Chase & Co. cut their price target on shares of Resolute Mining to GBX 635 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Berenberg Bank reissued a “buy” rating and issued a GBX 105 price objective on shares of Resolute Mining in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 283.33.

Resolute Mining Stock Down 1.0%

The company has a debt-to-equity ratio of 29.62, a quick ratio of 0.41 and a current ratio of 1.01. The company has a fifty day simple moving average of GBX 58.81 and a two-hundred day simple moving average of GBX 66.43. The firm has a market capitalization of £1.05 billion, a PE ratio of 8.18 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.