Resolute Mining (LON:RSG) Stock Price Down 9.2% – What’s Next?

by · The Markets Daily

Resolute Mining Limited (LON:RSG – Get Free Report) was down 9.2% during mid-day trading on Monday. The stock traded as low as GBX 59 and last traded at GBX 59. Approximately 181,385 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 142,034 shares. The stock had previously closed at GBX 65.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 110 price objective on shares of Resolute Mining in a report on Friday, August 7th. Berenberg Bank restated a “buy” rating and issued a GBX 106 price objective on shares of Resolute Mining in a report on Monday, September 21st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 240.25.

View Our Latest Stock Analysis on RSG

Resolute Mining Stock Down 9.2%

The company has a 50-day moving average of GBX 63.52 and a two-hundred day moving average of GBX 64.29. The company has a quick ratio of 0.41, a current ratio of 1.61 and a debt-to-equity ratio of 19.83. The company has a market capitalization of £1.26 billion, a P/E ratio of 6.53 and a beta of 1.32.

Resolute Mining Company Profile

(Get Free Report)

Resolute is an African-focused gold miner with more than 30 years of experience as an explorer, developer and operator. Throughout its history the Company has produced more than 9 million ounces of gold from ten gold mines. The Company is now entering a growth phase through the development of the Doropo project in Côte d’Ivoire which will supplement the existing production from the Syama mine in Mali and Mako mine in Senegal. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.

Featured Stories