Resolute Mining (LON:RSG) Sets New 12-Month High – Time to Buy?

Resolute Mining Limited (LON:RSG)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 68.48 and last traded at GBX 68.48, with a volume of 153956 shares trading hands. The stock had previously closed at GBX 63.60.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on shares of Resolute Mining from GBX 65 to GBX 64 and set a “buy” rating for the company in a report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Resolute Mining presently has an average rating of “Buy” and an average price target of GBX 64.

Resolute Mining Price Performance

The company has a market cap of £1.41 billion, a PE ratio of 114.14 and a beta of 1.28. The business has a 50 day moving average of GBX 56.22 and a 200 day moving average of GBX 45.48. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41.

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.