Resolute Mining (LON:RSG) Reaches New 52-Week High – Here’s Why

Resolute Mining Limited (LON:RSG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 67.80 and last traded at GBX 66, with a volume of 95916 shares traded. The stock had previously closed at GBX 65.30.

Analyst Upgrades and Downgrades

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

Resolute Mining Stock Up 1.1%

The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 9.86. The stock has a market capitalization of £1.41 billion, a PE ratio of 113.79 and a beta of 1.28. The firm’s fifty day moving average is GBX 57.97 and its 200-day moving average is GBX 46.57.

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. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.