Resolute Mining (LON:RSG) Stock Price Down 9.2% – What’s Next?

Resolute Mining Limited (LON:RSG – Get Free Report)’s stock price was down 9.2% during mid-day trading on Monday. The stock traded as low as GBX 59 and last traded at GBX 59. 181,385 shares were traded during mid-day trading, an increase of 28% from the average session volume of 142,034 shares. The stock had previously closed at GBX 65.

Analyst Ratings Changes

Several equities research analysts have issued reports on RSG shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 110 price target on shares of Resolute Mining in a research note on Friday, August 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 106 price target on shares of Resolute Mining in a research report on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 240.25.

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Resolute Mining Stock Down 9.2%

The company has a current ratio of 1.61, a quick ratio of 0.41 and a debt-to-equity ratio of 19.83. The stock has a 50 day simple moving average of GBX 63.52 and a 200 day simple moving average of GBX 64.29. The firm has a market capitalization of £1.26 billion, a PE ratio of 6.53 and a beta of 1.32.

About Resolute Mining

(Get Free Report)

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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