Resolute Mining Bull Sees Positive Tailwind For Shares Ahead -- Market Talk

Dow Jones
06/09

0455 GMT - Resolute Mining bull Macquarie reiterates an outperform rating and A$1.80 price target on the gold-mining stock despite recent logistical and supply chain disruptions. The bank pares its 2026 earnings-per-share estimate for Resolute by 4% to 15.1 U.S. cents, but makes no changes to its 2027 and 2028 estimates. Resolute "is working to mitigate disruptions by the end of the [plant shutdown] period, which should see mining activities normalize and represent a near-term catalyst for the stock," says the bank. Shares in Resolute are down 7.3% at roughly A$1.05, taking month-to-date losses to more than 18%. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

June 09, 2026 00:55 ET (04:55 GMT)

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