Resolute Mining (LON:RSG) Stock Jumps 3.8% – What’s Next?

Resolute Mining Limited (LON:RSG)’s stock price rose 3.8% during mid-day trading on Monday. The stock traded as high as GBX 57.80 and last traded at GBX 55.20. 141,299 shares were traded during trading, an increase of 3% from the average daily volume of 136,951 shares. The stock had previously closed at GBX 53.20.

Wall Street Analyst Weigh In

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

Resolute Mining Stock Up 3.8%

The company has a fifty day moving average of GBX 65.09 and a two-hundred 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.

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.