Resolute Mining (LON:RSG) Shares Up 3.8% – What’s Next?

Shares of Resolute Mining Limited (LON:RSG) traded up 3.8% during trading on Monday. The company traded as high as GBX 57.80 and last traded at GBX 55.20. Approximately 141,299 shares traded hands during trading, an increase of 3% from the average session volume of 136,951 shares. The stock had previously closed at GBX 53.20.

Analyst Ratings Changes

RSG has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 110 price objective on shares of Resolute Mining in a research report on Friday, August 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 106 price objective on shares of Resolute Mining in a research note on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 240.25.

Resolute Mining Trading Up 3.8%

The stock has a fifty day moving average of GBX 65.09 and a 200-day moving average of GBX 65.08. The company has a market cap of £1.18 billion, a PE ratio of 6.11 and a beta of 1.32. The company has a debt-to-equity ratio of 19.83, a quick ratio of 0.41 and a current ratio 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.