Resolute Mining (LON:RSG) Shares Down 13.4% - Time to Sell?

Key Points

• Resolute Mining shares fell by 13.4% on Tuesday, closing at GBX 31.42 ($0.42) after trading as low as GBX 30.50 ($0.41).
• Berenberg Bank raised its price target for Resolute Mining from GBX 45 to GBX 47, maintaining a "buy" rating for the stock.
• The company expects to produce between 275,000 - 300,000 ounces of gold in 2025 with an all-in sustaining cost of $1,650 - $1,750 per ounce.

Resolute Mining Limited (LON:RSG - Get Free Report) fell 13.4% during mid-day trading on Tuesday . The company traded as low as GBX 30.50 ($0.41) and last traded at GBX 31.42 ($0.42). 3,299,765 shares were traded during trading, an increase of 1,257% from the average session volume of 243,238 shares. The stock had previously closed at GBX 36.30 ($0.49).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 46 price target on shares of Resolute Mining in a report on Thursday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 46.

Resolute Mining Price Performance

The firm has a market cap of £655.75 million, a price-to-earnings ratio of -2,315.79 and a beta of 1.28. The stock has a 50-day moving average price of GBX 31.73 and a 200 day moving average price of GBX 26.49. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41.

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.