Canaccord Genuity Remains a Buy on Resolute Mining (RMGGF)
Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Resolute Mining on January 13 and set a price target of A$2.40. The company’s shares closed yesterday at A$1.33.
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Spencer covers the Basic Materials sector, focusing on stocks such as Kingsgate Consolidated Limited, Perseus Mining , and Resolute Mining . According to TipRanks, Spencer has an average return of 21.8% and a 54.66% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Resolute Mining with a A$1.60 average price target.
RMGGF market cap is currently A$2.8B and has a P/E ratio of 154.12.
Read More on RMGGF:
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