Resolute Mining’s (RSG) Buy Rating Reiterated at Stifel Nicolaus

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 110 price target on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 38.19% from the stock’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 74 price objective on shares of Resolute Mining in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 105.50.

Resolute Mining Price Performance

LON RSG traded down GBX 1.50 during trading on Thursday, reaching GBX 79.60. 162,808 shares of the company traded hands, compared to its average volume of 168,972. Resolute Mining has a 1-year low of GBX 17.37 and a 1-year high of GBX 86. The company has a market cap of £1.70 billion, a price-to-earnings ratio of 137.24 and a beta of 1.57. The stock’s 50 day moving average price is GBX 68.98 and its two-hundred day moving average price is GBX 55.28. The company has a debt-to-equity ratio of 29.62, a quick ratio of 0.41 and a current ratio of 1.01.

Resolute Mining Company Profile

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.