In a report released today, Richard Hatch from Berenberg Bank reiterated a Buy rating on Resolute Mining Limited (RMGGF – Research Report), with a price target of p25.00. The company’s shares closed yesterday at $0.28.
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 3.2% and a 49.34% success rate on recommended stocks.
Resolute Mining Limited has an analyst consensus of Strong Buy, with a price target consensus of $0.37, implying a 32.14% upside from current levels. In a report released on April 13, Canaccord Genuity also maintained a Buy rating on the stock with a A$0.70 price target.
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RMGGF market cap is currently $619M and has a P/E ratio of -10.69.
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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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