Berenberg Bank Sticks to Its Buy Rating for Resolute Mining (RMGGF)
In a report released yesterday, Richard Hatch from Berenberg Bank maintained a Buy rating on Resolute Mining , with a price target of A$1.50. The company’s shares closed yesterday at A$1.11.
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According to TipRanks, Hatch is a 5-star analyst with an average return of 17.7% and a 55.38% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Rainbow Rare Earths, Antofagasta, and Wheaton Precious Metals.
Resolute Mining has an analyst consensus of Strong Buy, with a price target consensus of $0.99, representing a -10.81% downside. In a report released on December 15, Macquarie also maintained a Buy rating on the stock with a A$1.45 price target.
RMGGF market cap is currently A$2.35B and has a P/E ratio of 128.82.
Read More on RMGGF:
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- Resolute Mining Unveils Enhanced Feasibility for Doropo Gold Project
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- State Street Corporation Ceases Substantial Holding in Resolute Mining
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- Resolute Mining Announces Significant Resource Expansion at La Debo Project
