In a report released on April 13, Tim McCormack from Canaccord Genuity maintained a Buy rating on Resolute Mining Limited (RMGGF – Research Report), with a price target of A$0.70. The company’s shares closed last Thursday at $0.33.
McCormack covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Regis Resources Limited, and Evolution Mining Limited. According to TipRanks, McCormack has an average return of 12.5% and a 52.34% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Resolute Mining Limited with a $0.37 average price target, which is a 12.12% upside from current levels. In a report released on March 30, Berenberg Bank also maintained a Buy rating on the stock with a p25.00 price target.
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The company has a one-year high of $0.34 and a one-year low of $0.08. Currently, Resolute Mining Limited has an average volume of 13.65K.
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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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