Resolute Mining (LON:RSG) Stock Price Up 6.1% - Here's What Happened

Key Points

• Resolute Mining Limited shares increased by 6.1%, trading at GBX 36.30 ($0.49) after closing at GBX 34.20 ($0.46), with a significant trading volume increase of 124% from the average.
• Berenberg Bank upgraded Resolute Mining's price target from GBX 45 to GBX 47 and maintained a "buy" rating, reflecting positive analyst sentiment.
• The company has projected gold production of 275,000 - 300,000 ounces for 2025, with an all-in sustaining cost (AISC) estimated at $1,650 - $1,750/oz.

Shares of Resolute Mining Limited (LON:RSG - Get Free Report) rose 6.1% during trading on Monday . The stock traded as high as GBX 36.30 ($0.49) and last traded at GBX 36.30 ($0.49). Approximately 502,975 shares traded hands during trading, an increase of 124% from the average daily volume of 224,486 shares. The stock had previously closed at GBX 34.20 ($0.46).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price target on shares of Resolute Mining from GBX 45 to GBX 47 and gave the company a "buy" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Resolute Mining currently has an average rating of "Buy" and a consensus target price of GBX 47.

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 fifty day moving average is GBX 31.65 and its two-hundred day moving average is GBX 26.13. The stock has a market cap of £967.15 million, a price-to-earnings ratio of 78.85 and a beta of 1.28.

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.

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