Resolute Mining (LON:RSG) Trading Up 10.1% – What’s Next?

Resolute Mining Limited (LON:RSG)’s stock price was up 10.1% on Friday . The stock traded as high as GBX 76 and last traded at GBX 76. 314,652 shares changed hands during trading, an increase of 116% from the average daily volume of 145,762 shares. The stock had previously closed at GBX 69.

Analyst Ratings Changes

Several research firms have commented on RSG. Berenberg Bank lifted their price objective on shares of Resolute Mining from GBX 105 to GBX 106 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 110 price target on shares of Resolute Mining in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 240.25.

Resolute Mining Trading Up 10.1%

The stock has a fifty day moving average of GBX 55.32 and a 200-day moving average of GBX 64.88. The company has a market cap of £1.62 billion, a PE ratio of 12.69 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.

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.