Resolute Mining (LON:RSG) Stock Price Down 2.6% - Should You Sell?

Key Points

• Resolute Mining's share price decreased by 2.6% on Friday, closing at GBX 29.60 ($0.39), amid a trading volume decline of 52% from its average session.
• Berenberg Bank raised their price target for Resolute Mining from GBX 45 to GBX 47 and assigned a "buy" rating to the stock.
• The company has projected a gold production range of 275,000 - 300,000 oz for 2025 at an all-in sustaining cost (AISC) of $1,650 - $1,750 per ounce.

Resolute Mining Limited (LON:RSG - Get Free Report)'s stock price fell 2.6% during trading on Friday . The stock traded as low as GBX 29 ($0.39) and last traded at GBX 29.60 ($0.39). 111,133 shares were traded during trading, a decline of 52% from the average session volume of 230,318 shares. The stock had previously closed at GBX 30.40 ($0.40).

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price objective on shares of Resolute Mining from GBX 45 ($0.60) to GBX 47 ($0.62) and gave the company a "buy" rating in a report on Tuesday, July 29th.

Resolute Mining Price Performance

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 company's 50 day moving average price is GBX 30.18 and its 200 day moving average price is GBX 24.63. The company has a market cap of £807.29 million, a price-to-earnings ratio of 65.81 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.