The company’s shares closed last Friday at $0.16, close to its 52-week low of $0.16.
According to TipRanks.com, Spencer is a 4-star analyst with an average return of 16.8% and a 37.5% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Gascoyne Resources Limited, Lynas Rare Earths Limited, and Evolution Mining Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Resolute Mining Limited with a $0.42 average price target, a 153.0% upside from current levels. In a report issued on July 7, Berenberg Bank also maintained a Buy rating on the stock with a price target.
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Resolute Mining Ltd. operates as a holding company, which engages in exploration, development, and operation of gold mines across Australia and Africa. It currently operates Syama, Bibiani and Ravenswood gold mines in Africa and Australia. The company was founded on June 8, 2001 and is headquartered in Perth, Australia.
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