JPMorgan Chase & Co. Lowers Resolute Mining (LON:RSG) Price Target to GBX 635

Key Points

• JPMorgan cut its price target on Resolute Mining to GBX 635 but maintained an "overweight" rating on the stock.
• Analyst consensus is a Moderate Buy with an average target of GBX 448.33; two analysts rate Buy and one rates Hold, and Berenberg recently lowered its target to GBX 600.
• Shares fell about 6.2% to open at GBX 65; Resolute has a market cap of £1.39 billion and a P/E ratio of 12.65.

Resolute Mining (LON:RSG - Get Free Report) had its target price dropped by equities research analysts at JPMorgan Chase & Co. to GBX 635 in a research report issued on Thursday, Marketbeat reports. The firm presently has an "overweight" rating on the stock.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus reiterated 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 decreased their target price on Resolute Mining to GBX 600 and set a "hold" rating for the company in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 448.33.

Resolute Mining Stock Down 6.2%

RSG stock opened at GBX 65 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 firm has a market capitalization of £1.39 billion, a P/E ratio of 12.65 and a beta of 1.61. Resolute Mining has a 52-week low of GBX 17.37 and a 52-week high of GBX 86. The company's 50 day simple moving average is GBX 71.63 and its 200-day simple moving average is GBX 59.29.

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.

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