Macquarie analyst Andrew Bowler maintained a Buy rating on Resolute Mining Limited (RMGGF – Research Report) today and set a price target of A$0.56. The company’s shares closed yesterday at $0.24.
According to TipRanks, Bowler is an analyst with an average return of -1.7% and a 39.64% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Resolute Mining Limited, Evolution Mining Limited, and De Grey Mining Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resolute Mining Limited with a $0.38 average price target.
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The company has a one-year high of $0.38 and a one-year low of $0.10. Currently, Resolute Mining Limited has an average volume of 14.42K.
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Resolute Mining Limited (RMGGF) Company Description:
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.
