Resolute Mining (LON:RSG) Given New GBX 45 Price Target at Berenberg Bank

Resolute Mining (LON:RSG) had its price objective lifted by Berenberg Bank from GBX 41 ($0.56) to GBX 45 ($0.61) in a research report released on Wednesday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Resolute Mining Stock Up 4.7%

Shares of RSG opened at GBX 31 ($0.42) on Wednesday. The company has a 50-day simple moving average of GBX 28.38 and a 200-day simple moving average of GBX 22.96. The firm has a market capitalization of £825.94 million, a P/E ratio of 67.33 and a beta of 1.28. The company has a debt-to-equity ratio of 9.86, a quick ratio of 0.41 and a current ratio of 1.19. Resolute Mining has a 52 week low of GBX 16.90 ($0.23) and a 52 week high of GBX 46 ($0.63).

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.