Berenberg Bank Reiterates “Buy” Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a GBX 101 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 35.74% from the company’s current price.

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 110 price objective on shares of Resolute Mining in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 105.50.

Resolute Mining Stock Down 5.3%

LON RSG opened at GBX 74.41 on Thursday. Resolute Mining has a twelve month low of GBX 17.37 and a twelve month high of GBX 86. The stock has a market cap of £1.59 billion, a PE ratio of 14.48 and a beta of 1.61. The firm has a 50-day simple moving average of GBX 69.47 and a 200 day simple moving average of GBX 55.73. The company has a debt-to-equity ratio of 29.62, a quick ratio of 0.41 and a current ratio of 1.01.

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.