Resolute Mining (LON:RSG) Price Target Raised to GBX 47 at Berenberg Bank

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 target increased by Berenberg Bank from GBX 45 ($0.60) to GBX 47 ($0.62) in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a buy rating on the stock.

Resolute Mining Price Performance

RSG traded up GBX 0.25 ($0.00) on Tuesday, hitting GBX 31.20 ($0.41). 90,373 shares of the company's stock were exchanged, compared to its average volume of 232,686. Resolute Mining has a fifty-two week low of GBX 16.90 ($0.22) and a fifty-two week high of GBX 46 ($0.61). 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 price of GBX 30.17 and a 200-day moving average price of GBX 24.43. The stock has a market cap of £831.27 million, a price-to-earnings ratio of 67.77 and a beta of 1.28.

About Resolute Mining

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.