Resolute Mining (LON:RSG) Reaches New 12-Month High – What’s Next?

Resolute Mining Limited (LON:RSG)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 76.40 and last traded at GBX 76.40, with a volume of 111782 shares trading hands. The stock had previously closed at GBX 75.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 74 target price on shares of Resolute Mining in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 74.

Resolute Mining Stock Up 2.9%

The stock has a market capitalization of £1.65 billion, a price-to-earnings ratio of 133.03 and a beta of 1.28. The firm has a 50 day simple moving average of GBX 66.90 and a 200-day simple moving average of GBX 53.54. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41.

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.