Resolute Mining (LON:RSG) Price Target Raised to GBX 106

Resolute Mining (LON:RSG) had its target price increased by equities research analysts at Berenberg Bank from GBX 105 to GBX 106 in a report released on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 121.13% from the stock’s previous close.

Resolute Mining Trading Down 7.1%

RSG opened at GBX 47.94 on Thursday. The firm has a market capitalization of £1.02 billion, a price-to-earnings ratio of 8.00 and a beta of 1.32. The company’s 50 day simple moving average is GBX 56.10 and its two-hundred day simple moving average is GBX 65.87. Resolute Mining has a 1-year low of GBX 29 and a 1-year high of GBX 86. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41.

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.