Resolute Mining Analyst Ratings
Analysts Issue Mixed Ratings For Resolute Mining Amid Strong Production Outlook
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Analysts remain broadly positive on Resolute Mining, with Berenberg Bank reaffirming a Buy rating and a GBX 106 target, while Royal Bank of Canada maintained an Outperform rating with a GBX 110 target. Canaccord Genuity also reiterated Buy coverage, assigning an A$2.20 target, while broader consensus calls for a Strong Buy rating. Macquarie was more cautious, downgrading the stock to Hold with an A$1.35 target. Resolute is an African-focused gold producer developing the Doropo project in Côte d’Ivoire alongside its Syama and Mako mines.
Key Points
1
Resolute Mining says it has more than 30 years of experience in gold exploration, development and operations, having produced more than 9 million ounces of gold from 10 mines over its history.
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The company is listed on both the Australian Securities Exchange and the London Stock Exchange under the ticker RSG.
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Canaccord analyst Reg Spencer was identified as a five-star TipRanks analyst, with an average return of 14.1% and a 47.75% success rate; the report also noted Resolute’s one-year trading range of A$0.78 to A$1.69 and average daily volume of 7.35 million shares.
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Macquarie analyst Adam Baker, who covers Resolute as well as Evolution Mining and Westgold Resources, was described as having a 17.3% average return and a 70.30% success rate on recommended stocks.
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The Australian-listed business was reported to have a market capitalization of about A$2.9 billion and a price-to-earnings ratio of 11.49.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
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