JPMorgan Chase & Co. Issues Pessimistic Forecast for Resolute Mining (LON:RSG) Stock Price

Resolute Mining (LON:RSG) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. to GBX 635 in a report released on Thursday, MarketBeat reports. The brokerage presently has an “overweight” rating on the stock.

RSG has been the subject of several other reports. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 110 price objective on shares of Resolute Mining in a research report on Thursday, March 5th. Berenberg Bank cut their target price on Resolute Mining to GBX 600 and set a “hold” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Resolute Mining has a consensus rating of “Moderate Buy” and a consensus target price of GBX 448.33.

Resolute Mining Stock Performance

LON:RSG opened at GBX 67.41 on Thursday. The firm has a market capitalization of £1.44 billion, a PE ratio of 13.11 and a beta of 1.61. The business’s fifty day moving average price is GBX 71.69 and its 200 day moving average price is GBX 59.56. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.01 and a quick ratio of 0.41. 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.