Resolute Mining (LON:RSG) Reaches New 1-Year High – What’s Next?

Resolute Mining Limited (LON:RSGGet Free Report) 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 Upgrades and Downgrades

Separately, Berenberg Bank raised their price target 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.com, Resolute Mining currently has an average rating of “Buy” and an average price target of GBX 65.

Get Our Latest Analysis on Resolute Mining

Resolute Mining Price Performance

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 stock has a fifty day simple moving average of GBX 42.68 and a 200-day simple moving average of GBX 33.09. The company has a market capitalization of £1.21 billion, a price-to-earnings ratio of 97.93 and a beta of 1.28.

Resolute Mining Company Profile

(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.

See Also

Receive News & Ratings for Resolute Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Mining and related companies with MarketBeat.com's FREE daily email newsletter.