RESOLUTE MINING LIMITED (RSG)
Share Price Analysis and Chart

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RSG - RESOLUTE MINING LIMITED

FNArena Sector : Gold & Silver

Year End: December

GICS Industry Group : Materials

Debt/EBITDA: 0.58

Index: ASX300 | ALL-ORDS

Resolute Mining is a gold producer with three mines in West Africa and one in Queensland, Australia. The company is listed on the ASX and the London Stock Exchange.

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.44 18 Apr 2024	-0.010 OPEN $0.44	-2.22% HIGH $0.45	5,840,041 LOW $0.44

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$0.44

18 Apr
2024

-0.010

OPEN

$0.44

-2.22%

HIGH

$0.45

5,840,041

LOW

$0.44

TARGET

$0.60

36.4% upside

Franking for last dividend paid out: 0%

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FNARENA'S MARKET CONSENSUS FORECASTS

12 Month Avg FX Values

Present FX Values

Original Currency

Title	FY24 Forecast	FY25 Forecast
EPS (cps)	13.5	xxx
DPS (cps)	1.1	xxx
EPS Growth	N/A	xxx
DPS Growth	N/A	xxx
PE Ratio	3.3	xxx
Dividend Yield	2.4%	xxx
Div Pay Ratio(%)	7.9%	xxx

Title	FY24 Forecast	FY25 Forecast
EPS (cps)	13.9	xxx
DPS (cps)	1.1	xxx
EPS Growth	N/A	xxx
DPS Growth	N/A	xxx
PE Ratio	3.2	xxx
Dividend Yield	2.5%	xxx
Div Pay Ratio(%)	7.9%	xxx

Title	FY22 Actual	FY23 Actual	FY24 Forecast	FY25 Forecast
EPS (cps)	xxx	91.5	8.9	xxx
DPS (cps)	xxx	0.0	0.7	xxx
EPS Growth	xxx	N/A	- 90.3%	xxx
DPS Growth	xxx	N/A	N/A	xxx
Div Pay Ratio(%)	xxx	N/A	7.9%	xxx

This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 31/08 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2024 FactSet UK Limited. All rights reserved

Title	2018	2019	2020	2021	2022	2023
EPS Basic	xxx	xxx	xxx	xxx	xxx	4.6
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	950.7 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	40.6
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	160.5 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	10.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2018	2019	2020	2021	2022	2023
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	11.86 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	11.34 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	7.81 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	11.86 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	10.18 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	58.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title	2018	2019	2020	2021	2022	2023
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	109 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	14 M
Total Debt	xxx	xxx	xxx	xxx	xxx	124 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	90 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	1.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2018	2019	2020	2021	2022	2023
Capex	xxx	xxx	xxx	xxx	xxx	108.2 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	11.38 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	802 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	56 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Macquarie	18/03/2024	1	Outperform	$0.60	36.36%	Macquarie updates resource company earnings estimates after raising 2024/25 forecasts for copper, gold, zinc and nickel by 11%/4%, 4%/6% and 7%/5%, respectively. The broker's iron ore and spodumene forecasts across 2026/27 were cut by -14/-27% and -10%/-29%, respectively. For the longer-term, alumina, zinc and copper forecasts were raised by 18%, 4% and 1%, respectively. Macquarie holds an Underweight view for iron ore and thermal coal and an Overweight outlook for aluminium, nickel, lithium, copper and metallurgical coal. The broker's long-term gold price assumption is unchanged at US$1,650/oz but near-term forecasts are raised up until 2028 when the forecast falls by -5%. A peak price is forecast for the 4Q of 2024 at US$2,200/oz. Resolute Mining's target rises to 60c from 56c. Outperform. FORECAST Macquarie forecasts a full year FY24 dividend of 1.07 cents and EPS of 13.55 cents. Macquarie forecasts a full year FY25 dividend of 1.07 cents and EPS of 16.14 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Macquarie

18/03/2024

Outperform

$0.60

36.36%

Macquarie updates resource company earnings estimates after raising 2024/25 forecasts for copper, gold, zinc and nickel by 11%/4%, 4%/6% and 7%/5%, respectively.

The broker's iron ore and spodumene forecasts across 2026/27 were cut by -14/-27% and -10%/-29%, respectively. For the longer-term, alumina, zinc and copper forecasts were raised by 18%, 4% and 1%, respectively.

Macquarie holds an Underweight view for iron ore and thermal coal and an Overweight outlook for aluminium, nickel, lithium, copper and metallurgical coal.

The broker's long-term gold price assumption is unchanged at US$1,650/oz but near-term forecasts are raised up until 2028 when the forecast falls by -5%. A peak price is forecast for the 4Q of 2024 at US$2,200/oz.

Resolute Mining's target rises to 60c from 56c. Outperform.

FORECAST
Macquarie forecasts a full year FY24 dividend of 1.07 cents and EPS of 13.55 cents.
Macquarie forecasts a full year FY25 dividend of 1.07 cents and EPS of 16.14 cents.

Access Stockbroker Research History >

RSG STOCK CHART

FNArena News on RSG

1	Rudi’s View: Facts & Fiction About Gold Mar 27 2024 - Rudi's View

2	FNArena Corporate Results Monitor – 01-03-2024 Mar 01 2024 - Australia

3	Australian Broker Call Extra Edition – Jan 12, 2024 Jan 12 2024 - Daily Market Reports

4	ESG Focus: The Little Big Things – 23-11-2023 Nov 23 2023 - ESG Focus

5	Australian Broker Call Extra Edition – Nov 09, 2023 Nov 09 2023 - Daily Market Reports

Latest Gold & Silver News

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3	Rudi’s View: Facts & Fiction About Gold Mar 27 2024 - Rudi's View

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7	Northern Star: All About KCGM Nov 15 2023 - Australia

8	Material Matters: Gold, Iron Ore & Met Coal Sep 19 2023 - Commodities

9	Australian Gold Miners: Positive Signs Aug 30 2023 - Technicals

10	Gold: Major Low Locked In Jul 20 2023 - Technicals

Dividend Yield Today On Last Actual Payout :	0.00
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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RESOLUTE MINING LIMITED (RSG)
Share Price Analysis and Chart