Resolute Mining (LON:RSG) Given New GBX 600 Price Target at Berenberg Bank

Resolute Mining (LON:RSG) had its price target reduced by stock analysts at Berenberg Bank to GBX 600 in a report issued on Thursday, Marketbeat reports. The firm presently has a “hold” rating on the stock.

Separately, Stifel Nicolaus reissued a “buy” rating and set a GBX 110 price target on shares of Resolute Mining in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 448.33.

Resolute Mining Stock Performance

Shares of Resolute Mining stock opened at GBX 65 on Thursday. The business has a 50-day moving average of GBX 71.63 and a 200 day moving average of GBX 59.29. Resolute Mining has a 12 month low of GBX 17.37 and a 12 month high of GBX 86. The stock has a market capitalization of £1.39 billion, a price-to-earnings ratio of 12.65 and a beta of 1.61. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 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.