Resolute Mining (LON:RSG) Trading Up 9.6% - Here's Why

Key Points

• Resolute Mining's shares rose by 9.6% during trading, reaching as high as GBX 39 ($0.53) with a significant increase in trading volume, up 868% from the average.
• Analysts have set a target price of GBX 46 for Resolute Mining, reaffirming a "buy" rating, contributing to a consensus rating of "Buy" for the stock.
• Resolute Mining, an African gold miner, has a target gold production of 275,000 - 300,000 ounces in 2025, with a total production exceeding nine million ounces to date.

Resolute Mining Limited (LON:RSG - Get Free Report) shares were up 9.6% during trading on Tuesday . The stock traded as high as GBX 39 ($0.53) and last traded at GBX 38.63 ($0.52). Approximately 2,288,156 shares traded hands during mid-day trading, an increase of 868% from the average daily volume of 236,303 shares. The stock had previously closed at GBX 35.25 ($0.48).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 46 target price on shares of Resolute Mining in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 46.

Resolute Mining Price Performance

The stock has a market cap of £819.51 million, a price-to-earnings ratio of 6,634.48 and a beta of 1.28. The stock has a fifty day simple moving average of GBX 32.26 and a 200-day simple moving average of GBX 27.17. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 9.86.

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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