Berenberg Bank Reiterates Hold Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a report issued on Monday,London Stock Exchange reports.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 110 price objective on shares of Resolute Mining in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Resolute Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 105.50.

Resolute Mining Trading Down 8.0%

Shares of RSG traded down GBX 5.80 during mid-day trading on Monday, reaching GBX 67. 417,986 shares of the company’s stock traded hands, compared to its average volume of 162,424. 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 stock’s 50-day moving average is GBX 71.43 and its two-hundred day moving average is GBX 58.14. Resolute Mining has a 12 month low of GBX 17.37 and a 12 month high of GBX 86. The stock has a market cap of £1.43 billion, a P/E ratio of 13.04 and a beta of 1.61.

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.