Resolute Mining (LON:RSG) Given “Buy” Rating at Berenberg Bank

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 74 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 11.45% from the company’s previous close.

Resolute Mining Stock Performance

Shares of Resolute Mining stock opened at GBX 66.40 on Thursday. The firm has a market cap of £1.41 billion, a P/E ratio of 114.48 and a beta of 1.28. Resolute Mining has a fifty-two week low of GBX 16.90 and a fifty-two week high of GBX 68.60. 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 firm has a 50 day simple moving average of GBX 58.33 and a 200 day simple moving average of GBX 46.71.

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.