Berenberg Bank analyst Richard Hatch reiterated a Buy rating on Resolute Mining Limited (RMGGF – Research Report) on July 28 and set a price target of p49.00. The company’s shares closed last Thursday at $0.19, close to its 52-week low of $0.16.
According to TipRanks.com, Hatch is a 4-star analyst with an average return of 6.4% and a 53.6% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Anglo American, and BHP Group Ltd.
Resolute Mining Limited has an analyst consensus of Strong Buy, with a price target consensus of $0.44, which is a 128.0% upside from current levels. In a report issued on July 13, Canaccord Genuity 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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