In a report released today, Andrew Bowler from Macquarie maintained a Buy rating on Resolute Mining Limited (RMGGF – Research Report), with a price target of A$0.56. The company’s shares closed last Monday at $0.23.
Bowler covers the Basic Materials sector, focusing on stocks such as Resolute Mining Limited, Evolution Mining Limited, and Westgold Resources Ltd. According to TipRanks, Bowler has an average return of -2.3% and a 39.82% success rate on recommended stocks.
Resolute Mining Limited has an analyst consensus of Moderate Buy, with a price target consensus of $0.37, representing a 58.12% upside. In a report released yesterday, Berenberg Bank also reiterated a Buy rating on the stock with a p28.00 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 16.75K.
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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.
