Resolute Mining Bull Sees Positive Tailwind For Shares Ahead -- Market Talk
Dow Jones
Jun 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)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.