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

Berenberg Bank reiterated their buy rating on shares of Resolute Mining (LON:RSG) in a report published on Wednesday,Digital Look reports. The brokerage currently has a GBX 105 price target on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on shares of Resolute Mining to GBX 635 and set an “overweight” rating for the company in a report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 283.33.

Resolute Mining Stock Performance

Shares of LON:RSG opened at GBX 51.60 on Wednesday. Resolute Mining has a 52 week low of GBX 29 and a 52 week high of GBX 86. The stock has a market capitalization of £1.10 billion, a P/E ratio of 8.61 and a beta of 1.32. The firm has a fifty day simple moving average of GBX 56.88 and a two-hundred day simple moving average of GBX 66.08. 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.