Resolute Mining (LON:RSG) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Resolute Mining, setting a price target of GBX 46, indicating a potential upside of 46.96% from the current stock price.
• Resolute Mining operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal, with a gold production estimate for 2025 ranging from 275,000 to 300,000 ounces.
• The company's market cap is approximately £833.94 million, with a debt-to-equity ratio of 9.86 and a price-to-earnings ratio of 67.99.

Resolute Mining (LON:RSG - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Berenberg Bank in a research note issued on Thursday, Marketbeat reports. They presently have a GBX 46 price objective on the stock. Berenberg Bank's price target suggests a potential upside of 49.35% from the stock's previous close.

Resolute Mining Trading Down 4.6%

LON:RSG traded down GBX 1.50 during trading hours on Thursday, reaching GBX 30.80. 326,563 shares of the company were exchanged, compared to its average volume of 227,136. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.19 and a quick ratio of 0.41. 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. Resolute Mining has a 52-week low of GBX 16.90 and a 52-week high of GBX 46. The stock has a 50 day simple moving average of GBX 31.73 and a 200 day simple moving average of GBX 26.49.

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.