Resolute Mining (LON:RSG) Reaches New 12-Month High – What’s Next?

Resolute Mining Limited (LON:RSG) reached a new 52-week high on Thursday . The stock traded as high as GBX 59.60 and last traded at GBX 59.60, with a volume of 403933 shares changing hands. The stock had previously closed at GBX 56.90.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on Resolute Mining from GBX 65 to GBX 64 and set a “buy” rating for the company in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 64.

Resolute Mining Stock 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 market capitalization of £1.26 billion, a PE ratio of 101.72 and a beta of 1.28. The firm has a fifty day moving average price of GBX 51.86 and a two-hundred day moving average price of GBX 40.80.

About Resolute Mining

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.