had its price target hoisted by equities researchers at Berenberg Bank from GBX 46 to GBX 65 in a note issued to investors on Wednesday,
Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price objective indicates a potential upside of 18.61% from the stock's previous close.
Resolute Mining Stock Performance
RSG stock traded down GBX 1 during trading hours on Wednesday, reaching GBX 54.80. The stock had a trading volume of 106,911 shares, compared to its average volume of 242,296. The stock has a market capitalization of £1.17 billion, a PE ratio of 9,448.28 and a beta of 1.28. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41. The stock has a 50-day simple moving average of GBX 38.29 and a 200 day simple moving average of GBX 30.90. Resolute Mining has a fifty-two week low of GBX 16.90 and a fifty-two week high of GBX 55.80.
About Resolute Mining
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Resolute Mining ASX/LSE: RSG 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.
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