JPMorgan Chase & Co. Cuts Resolute Mining (LON:RSG) Price Target to GBX 635

Resolute Mining (LON:RSG) had its price target cut by JPMorgan Chase & Co. to GBX 635 in a research report released on Thursday, MarketBeat Ratings reports. They currently have an overweight rating on the stock.

RSG has been the subject of a number of other reports. Berenberg Bank dropped their price target on shares of Resolute Mining to GBX 600 and set a “hold” rating for the company in a research report on Thursday. Stifel Nicolaus restated a “buy” rating and set a GBX 110 price objective on shares of Resolute Mining in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 448.33.

Resolute Mining Trading Up 3.7%

Resolute Mining stock opened at GBX 67.41 on Thursday. Resolute Mining has a 12-month low of GBX 17.37 and a 12-month high of GBX 86. The firm has a market capitalization of £1.44 billion, a price-to-earnings ratio of 13.11 and a beta of 1.61. The firm has a 50 day moving average of GBX 71.69 and a 200 day moving average of GBX 59.71. The company has a current ratio of 1.01, a quick ratio of 0.41 and a debt-to-equity ratio of 29.62.

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.