Resolute Mining (LON:RSG) Hits New 1-Year High – Time to Buy?

Resolute Mining Limited (LON:RSG) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 76.40 and last traded at GBX 76.40, with a volume of 111782 shares traded. The stock had previously closed at GBX 75.

Analyst Ratings Changes

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

Resolute Mining Trading Up 2.9%

The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 9.86. The firm has a market capitalization of £1.65 billion, a price-to-earnings ratio of 133.03 and a beta of 1.28. The business has a 50-day moving average of GBX 66.90 and a two-hundred day moving average of GBX 53.54.

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.