Macquarie analyst Andrew Bowler maintained a Buy rating on Resolute Mining Limited (RMGGF – Research Report) today and set a price target of A$0.29. The company’s shares closed last Wednesday at $0.12.
According to TipRanks, Bowler is an analyst with an average return of -13.6% and a 28.57% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Dacian Gold Ltd., Gold Road Resources Ltd, and St. Barbara Ltd..
Currently, the analyst consensus on Resolute Mining Limited is a Strong Buy with an average price target of $0.42.
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Based on Resolute Mining Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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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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