Berenberg Bank Reiterates “Buy” Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They presently have a GBX 105 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 102.35% from the stock’s current price.

A number of other brokerages have also weighed in on RSG. JPMorgan Chase & Co. decreased their target price on Resolute Mining to GBX 635 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 110 target price on shares of Resolute Mining in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 283.33.

Resolute Mining Price Performance

Shares of LON:RSG opened at GBX 51.89 on Thursday. The company has a 50-day moving average price of GBX 65.87 and a two-hundred day moving average price of GBX 67.43. The firm has a market capitalization of £1.11 billion, a PE ratio of 8.66 and a beta of 1.33. Resolute Mining has a twelve month low of GBX 28.30 and a twelve month high of GBX 86. The company has a quick ratio of 0.41, a current ratio of 1.01 and a debt-to-equity ratio of 29.62.

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.