Resolute Mining Limited (LON:RSG – Get Free Report) shares dropped 9.5% during trading on Wednesday . The company traded as low as GBX 51.20 and last traded at GBX 51.40. Approximately 629,910 shares were traded during trading, an increase of 303% from the average daily volume of 156,130 shares. The stock had previously closed at GBX 56.80.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Resolute Mining to GBX 635 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Berenberg Bank decreased their price objective on Resolute Mining from GBX 109 to GBX 107 and set a “buy” rating for the company in a research note on Friday, June 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 110 price objective on shares of Resolute Mining in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 284.
Get Our Latest Stock Report on Resolute Mining
Resolute Mining Stock Performance
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.
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