Berenberg Bank Reaffirms Buy Rating for Resolute Mining (LON:RSG)

Resolute Mining (LON:RSG)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 38 ($0.51) target price on the stock. Berenberg Bank’s price target points to a potential upside of 62.39% from the stock’s previous close.

Resolute Mining Stock Up 0.2 %

RSG opened at GBX 23.40 ($0.31) on Thursday. Resolute Mining has a twelve month low of GBX 16.90 ($0.23) and a twelve month high of GBX 46 ($0.61). The company’s 50-day moving average price is GBX 20.49 and its two-hundred day moving average price is GBX 23.73. The stock has a market cap of £623.45 million, a price-to-earnings ratio of 50.83 and a beta of 1.28. The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 9.86.

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.