Resolute Mining stock gets a 19 GBp Berenberg target raise

Published on 10/08/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Resolute Mining stock posted USD 584.7 million in half-year revenue on August 20, 2026, up 31 percent year over year. Berenberg raised its target by 19 GBp on October 8.

Resolute Mining, AU000000RSG6, Illustration mit AI erstellt.

Resolute Mining stock (ISIN AU000000RSG6) was last at AUD 1.115 on the Sydney Stock Exchange on October 7, 2026, against a 52-week range of AUD 0.783 to AUD 1.685. The Fly reports that Berenberg raised its price target by 19 GBp on October 8, 2026, giving the gold producer a fresh analyst catalyst.

Berenberg raises its target

The Berenberg action is separate from the RBC Capital report already circulating earlier in the week. According to The Fly, Berenberg increased its Resolute Mining target by 19 GBp on October 8, 2026.

The valuation debate sits against a sharp improvement in the first-half income statement. Kapitales Research reported that revenue for the half year ended June 30, 2026, rose 31 percent to USD 584.7 million, while EBITDA increased 42 percent to USD 323.9 million.

Profit growth meets mine risk

Net profit after tax reached USD 162.6 million in the same period, compared with USD 71.0 million in the prior corresponding period, while operating cash inflow was USD 277.6 million. The company also held USD 317.4 million in net cash and bullion, giving the growth program financial support.

The counterweight is operational execution at Syama in Mali. The September 21 update cut 2026 Syama production guidance to 150,000-160,000 ounces and group production guidance to 205,000-225,000 ounces, with group AISC of USD 2,250-2,350 per ounce, according to Quartr. The company planned an onsite emulsion plant for November 2026 to address explosives supply constraints.

Consensus remains above the market

Investing.com lists four analysts with a Strong Buy consensus, an average 12-month target of AUD 1.780, a high of AUD 2.35 and a low of AUD 1.25. The average target stands 59.64 percent above the AUD 1.115 reference price.

Stock remains below its yearly high

Resolute Mining had a market capitalization of AUD 2.38 billion on October 7, 2026, while the stock remained AUD 0.570 below its 52-week high of AUD 1.685. The market is weighing stronger half-year earnings against the lower mine production outlook.