Resolute Mining (LON:RSG) Earns “Buy” Rating from Stifel Nicolaus

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 110 price target on the stock. Stifel Nicolaus’ target price points to a potential upside of 38.19% from the stock’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 74 price objective on shares of Resolute Mining in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 105.50.

Resolute Mining Stock Performance

LON RSG traded down GBX 1.50 during trading hours on Thursday, hitting GBX 79.60. The company had a trading volume of 162,808 shares, compared to its average volume of 168,972. The company has a quick ratio of 0.41, a current ratio of 1.01 and a debt-to-equity ratio of 29.62. The firm has a market cap of £1.70 billion, a P/E ratio of 137.24 and a beta of 1.57. Resolute Mining has a fifty-two week low of GBX 17.37 and a fifty-two week high of GBX 86. The business has a fifty day simple moving average of GBX 68.98 and a 200-day simple moving average of GBX 55.28.

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.