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

Berenberg Bank reaffirmed their buy rating on shares of Resolute Mining (LON:RSG) in a research note issued to investors on Thursday,Digital Look reports. The firm currently has a GBX 94 target price on the stock.

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 110 target price on shares of Resolute Mining in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Resolute Mining currently has an average rating of “Buy” and a consensus price target of GBX 237.25.

Resolute Mining Stock Down 6.4%

Shares of LON:RSG opened at GBX 55.60 on Thursday. Resolute Mining has a 12-month low of GBX 39.40 and a 12-month high of GBX 86. The firm has a market cap of £1.19 billion, a price-to-earnings ratio of 6.15 and a beta of 1.32. The stock’s 50-day moving average price is GBX 64.55 and its two-hundred day moving average price is GBX 64.94. The company has a current ratio of 1.61, a quick ratio of 0.41 and a debt-to-equity ratio of 19.83.

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.