Macquarie analyst Andrew Bowler maintained a Buy rating on Resolute Mining Limited (RMGGF – Research Report) today and set a price target of A$0.30. The company’s shares closed last Thursday at $0.17.
According to TipRanks, Bowler is a 5-star analyst with an average return of 31.1% and a 65.79% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Westgold Resources Ltd, Ramelius Resources Limited, and Gold Road Resources Ltd.
Currently, the analyst consensus on Resolute Mining Limited is a Moderate Buy with an average price target of $0.31.
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RMGGF market cap is currently $363.4M and has a P/E ratio of -1.33.
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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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