Berenberg Bank analyst Richard Hatch reiterated a Buy rating on Resolute Mining Limited (RMGGF – Research Report) today and set a price target of p28.00. The company’s shares closed last Thursday at $0.31.
Hatch covers the Basic Materials sector, focusing on stocks such as Anglo American, Resolute Mining Limited, and BHP Group Ltd. According to TipRanks, Hatch has an average return of 0.9% and a 45.53% success rate on recommended stocks.
Resolute Mining Limited has an analyst consensus of Strong Buy, with a price target consensus of $0.50, which is a 59.95% upside from current levels. In a report released on January 12, Canaccord Genuity also maintained a Buy rating on the stock with a A$1.15 price target.
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The company has a one-year high of $0.38 and a one-year low of $0.12. Currently, Resolute Mining Limited has an average volume of 11.16K.
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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.
