Berenberg Bank Issues Pessimistic Forecast for Resolute Mining (LON:RSG) Stock Price

Resolute Mining (LON:RSG) had its price target cut by equities research analysts at Berenberg Bank to GBX 600 in a note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a “hold” rating on the stock.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 110 price target on shares of Resolute Mining in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 448.33.

Resolute Mining Price Performance

Shares of RSG stock opened at GBX 67.41 on Thursday. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. The company has a market capitalization of £1.44 billion, a PE ratio of 13.11 and a beta of 1.61. The firm’s 50-day moving average is GBX 71.69 and its two-hundred day moving average is GBX 59.56. Resolute Mining has a 12 month low of GBX 17.37 and a 12 month high of GBX 86.

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.