Berenberg Bank Forecasts Strong Price Appreciation for Resolute Mining (LON:RSG) Stock

Key Points

• Resolute Mining's price target has been increased by Berenberg Bank from GBX 45 to GBX 47, reflecting a potential upside of 56.67% from its previous close.
• Currently, Resolute Mining is trading at GBX 30, with a one-year low of GBX 16.90 and a high of GBX 46.
• The company forecasts gold production between 275,000 - 300,000 oz for 2025, with an all-in sustaining cost (AISC) of $1,650 - $1,750/oz.

Resolute Mining (LON:RSG - Free Report) had its price objective increased by Berenberg Bank from GBX 45 ($0.60) to GBX 47 ($0.62) in a research report released on Tuesday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Resolute Mining Price Performance

LON:RSG traded down GBX 0.80 ($0.01) on Tuesday, hitting GBX 29.60 ($0.39). The company had a trading volume of 111,133 shares, compared to its average volume of 230,318. The stock has a market capitalization of £788.64 million, a price-to-earnings ratio of 64.29 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 9.86. The firm has a 50 day moving average of GBX 30.18 and a two-hundred day moving average of GBX 24.57. Resolute Mining has a 52 week low of GBX 16.90 ($0.22) and a 52 week high of GBX 46 ($0.61).

Resolute Mining Company Profile

Resolute Mining ASX/LSE: RSG is an African gold miner, developer, and explorer with more than 30 years of experience across Australia and Africa. To date the Company has produced over nine million ounces of gold. It currently operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Resolute's gold production and cost guidance for 2025 is 275,000 - 300,000 oz at an AISC of $1,650 - 1,750/oz. Through all its activities, sustainability is the core value at Resolute.