Resolute Mining (LON:RSG) Earns “Buy” Rating from Berenberg Bank

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 74 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 10.45% from the stock’s previous close.

Resolute Mining Price Performance

Resolute Mining stock opened at GBX 67 on Thursday. Resolute Mining has a 1 year low of GBX 16.90 and a 1 year high of GBX 69. The company has a debt-to-equity ratio of 9.86, a quick ratio of 0.41 and a current ratio of 1.19. The firm has a 50 day moving average price of GBX 58.98 and a 200 day moving average price of GBX 47.09. The company has a market cap of £1.43 billion, a price-to-earnings ratio of 115.52 and a beta of 1.28.

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.