Resolute Mining (LON:RSG) Hits New 1-Year High – Here’s Why

Resolute Mining Limited (LON:RSG)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 86 and last traded at GBX 85.75, with a volume of 25733 shares changing hands. The stock had previously closed at GBX 78.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 74 price objective on shares of Resolute Mining in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 74.

Resolute Mining Stock Performance

The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. The firm has a market cap of £1.84 billion, a P/E ratio of 148.28 and a beta of 1.57. The stock’s 50 day moving average is GBX 68.38 and its two-hundred day moving average is GBX 54.80.

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.