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

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 105 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 115.16% from the stock’s current price.

Separately, JPMorgan Chase & Co. lowered their price objective on Resolute Mining to GBX 635 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 283.33.

Resolute Mining Trading Down 7.9%

RSG opened at GBX 48.80 on Wednesday. The stock has a 50-day moving average of GBX 57.21 and a 200 day moving average of GBX 66.19. The company has a current ratio of 1.01, a quick ratio of 0.41 and a debt-to-equity ratio of 29.62. Resolute Mining has a 12 month low of GBX 29 and a 12 month high of GBX 86. The firm has a market cap of £1.04 billion, a P/E ratio of 8.15 and a beta of 1.32.

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.