Berenberg Bank analyst Richard Hatch reiterated a Buy rating on Resolute Mining Limited (RMGGF – Research Report) today and set a price target of p31.00. The company’s shares closed yesterday at $0.17.
Hatch covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Anglo American, and Centamin. According to TipRanks, Hatch has an average return of 5.0% and a 53.33% success rate on recommended stocks.
Resolute Mining Limited has an analyst consensus of Moderate Buy, with a price target consensus of $0.32, representing a 91.55% upside. In a report released on January 17, Macquarie also maintained a Buy rating on the stock with a A$0.30 price target.
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RMGGF market cap is currently $435.6M and has a P/E ratio of -1.51.
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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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