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

Berenberg Bank reiterated their buy rating on shares of Resolute Mining (LON:RSG) in a report released on Thursday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 101 target price on the stock.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 110 price target on shares of Resolute Mining in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 105.50.

Resolute Mining Trading Down 3.3%

LON RSG opened at GBX 76 on Thursday. The stock has a market capitalization of £1.62 billion, a price-to-earnings ratio of 131.03 and a beta of 1.57. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. Resolute Mining has a one year low of GBX 17.37 and a one year high of GBX 86. The business’s fifty day moving average is GBX 69.28 and its 200-day moving average is GBX 55.45.

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.