Resolute Mining’s (RSG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Resolute Mining (LON:RSGFree Report) in a report issued on Monday morning,Digital Look reports. Berenberg Bank currently has a GBX 106 target price on the stock.

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 110 price objective on shares of Resolute Mining in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 240.25.

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Resolute Mining Trading Down 2.8%

Resolute Mining stock opened at GBX 63.20 on Monday. The firm’s fifty day moving average price is GBX 62.92 and its 200-day moving average price is GBX 64.42. The stock has a market cap of £1.35 billion, a P/E ratio of 6.99 and a beta of 1.32. The company has a debt-to-equity ratio of 19.83, a quick ratio of 0.41 and a current ratio of 1.61. Resolute Mining has a fifty-two week low of GBX 39.40 and a fifty-two week high of GBX 86.

Resolute Mining Company Profile

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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.

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