Berenberg Bank analyst Richard Hatch maintained a Buy rating on Resolute Mining (RMGGF) today and set a price target of p77.00. The company’s shares closed last Friday at $0.57.
According to TipRanks.com, Hatch is ranked #1253 out of 7230 analysts.
Currently, the analyst consensus on Resolute Mining is a Strong Buy with an average price target of $0.85, implying a 53.2% upside from current levels. In a report issued on January 15, Citigroup also maintained a Buy rating on the stock with a price target.
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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.
