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Resolute Mining LimitedASX:RSG Stock Report

Market Cap AU$2.3b
Share Price
AU$1.08
AU$2.21
51.4% undervalued intrinsic discount
1Y88.6%
7D-11.9%
1D
Portfolio Value
View

Resolute Mining Limited

ASX:RSG Stock Report

Market Cap: AU$2.3b

Resolute Mining (RSG) Stock Overview

Engages in mining, prospecting, and exploration of mineral properties in Africa. More details

RSG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends0/6

Rewards

Risk Analysis

No risks detected for RSG from our risk checks.

RSG Community Fair Values

Create Narrative

See what 67 others think this stock is worth. Follow their fair value or set your own to get alerts.

Resolute Mining Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Resolute Mining
Historical stock prices
Current Share PriceAU$1.08
52 Week HighAU$1.69
52 Week LowAU$0.55
Beta1.33
1 Month Change-16.67%
3 Month Change-26.37%
1 Year Change88.60%
3 Year Change136.26%
5 Year Change90.27%
Change since IPO-78.50%

Recent News & Updates

Narrative Update Jun 05

RSG: Doropo Development And 2026 Guidance Will Support Stronger Earnings Conviction

Analysts have lifted their fair value estimate for Resolute Mining to A$2.21 from A$2.09, reflecting a higher Street price target and updated assumptions on discount rate, revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research on Resolute Mining has included both upward and downward revisions to fair value, with the latest move taking the U.K. price target to 109 GBp from 89 GBp. This back and forth in targets gives you a sense of how analysts are weighing the company’s execution against expectations on earnings quality and valuation.
Narrative Update May 19

RSG: West African Project Delivery Will Drive Future Re Rating Potential

Analysts have reduced their price target on Resolute Mining by A$0.12, citing updated assumptions that reflect a higher discount rate, revised expectations for revenue growth, and adjusted profit margin and forward P/E inputs in their models. Analyst Commentary Street research around Resolute Mining has recently included a price target cut of 12 GBp, which aligns with updated modeling assumptions around discount rates, revenue growth and profit margins.

Recent updates

Narrative Update Jun 05

RSG: Doropo Development And 2026 Guidance Will Support Stronger Earnings Conviction

Analysts have lifted their fair value estimate for Resolute Mining to A$2.21 from A$2.09, reflecting a higher Street price target and updated assumptions on discount rate, revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research on Resolute Mining has included both upward and downward revisions to fair value, with the latest move taking the U.K. price target to 109 GBp from 89 GBp. This back and forth in targets gives you a sense of how analysts are weighing the company’s execution against expectations on earnings quality and valuation.
Narrative Update May 19

RSG: West African Project Delivery Will Drive Future Re Rating Potential

Analysts have reduced their price target on Resolute Mining by A$0.12, citing updated assumptions that reflect a higher discount rate, revised expectations for revenue growth, and adjusted profit margin and forward P/E inputs in their models. Analyst Commentary Street research around Resolute Mining has recently included a price target cut of 12 GBp, which aligns with updated modeling assumptions around discount rates, revenue growth and profit margins.
Narrative Update May 01

RSG: Doropo Development And 2026 Guidance Will Support Stronger Long Term Earnings

Analysts have slightly reduced their fair value estimate for Resolute Mining to A$2.09 from A$2.10, citing updated assumptions around discount rates, revenue growth, margins and future P/E expectations. Analyst Commentary Recent street research on Resolute Mining highlights a modest reset in expectations, with at least one published target move pointing to a lower valuation in absolute price terms.
Narrative Update Apr 17

RSG: West African Project Pipeline Will Support Future Cash Generation

Analysts have lifted their fair value estimate for Resolute Mining to A$3.15 from A$2.55. This reflects updated assumptions for higher revenue growth of 42.91% and a revised future P/E of 6.96, partly offset by a lower profit margin outlook of 35.27% and a slightly higher discount rate of 8.29%.
Narrative Update Apr 03

RSG: West African Project Execution Will Support A Stronger Future Re Rating

Analysts have trimmed their A$ fair value estimate for Resolute Mining to A$1.70 from A$1.75, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E. Analyst Commentary Recent research indicates that some bearish analysts are reassessing valuation assumptions for Resolute Mining, in line with the lower A$ fair value estimate.
Analysis Article Mar 30

Impressive Earnings May Not Tell The Whole Story For Resolute Mining (ASX:RSG)

Despite posting some strong earnings, the market for Resolute Mining Limited's ( ASX:RSG ) stock hasn't moved much. We...
Narrative Update Mar 20

RSG: Doropo Development And New Guidance Will Support Stronger Long Term Earnings

Analysts have raised the fair value estimate for Resolute Mining to A$2.10 from A$1.85, citing updated assumptions that include higher projected revenue growth, a slightly adjusted discount rate, a modestly stronger profit margin outlook, and a revised future P/E expectation. Analyst Commentary Recent valuation work on Resolute Mining sits against a broader backdrop where other covered names are seeing frequent price target changes and mixed rating views.
Narrative Update Mar 05

RSG: Higher Margins And Production Will Support A Stronger Re Rating

Analysts have lifted their price target for Resolute Mining to A$1.75 from A$0.75, citing updated assumptions that now reflect positive revenue growth, higher profit margins, and a slightly higher future P/E multiple despite a higher discount rate. Analyst Commentary While the higher A$1.75 price target signals more constructive assumptions on Resolute Mining, it also sits against a backdrop of mixed moves in other sectors where analysts have recently adjusted targets both higher and lower.
Narrative Update Feb 19

RSG: Index Inclusion And Margin Gains Will Support Future Cash Generation

Analysts have lifted their fair value estimate for Resolute Mining to A$2.55 from A$2.40, citing updated assumptions that combine slightly higher discount rates and more moderate revenue growth with stronger projected profit margins and a higher future P/E multiple. Analyst Commentary Recent research on Resolute Mining sits alongside broader sector commentary, where bullish analysts have highlighted cases of resilient execution, disciplined capital allocation, and supportive pricing power in other asset heavy businesses.
Narrative Update Feb 05

RSG: Doropo And La Debo Progress Will Support Stronger Long Term Earnings

Analysts have lifted their fair value estimate for Resolute Mining from A$1.40 to A$1.85, citing updated assumptions that include a slightly higher discount rate, a 15.54% revenue growth outlook paired with a 35.07% profit margin, and a forward P/E of 7.07x. Analyst Commentary Recent revisions to fair value for Resolute Mining suggest analysts are refreshing their views on how much earnings power and balance sheet resilience the company can sustain.
Narrative Update Jan 22

RSG: Index Inclusion And Higher P/E Multiple Will Support Future Cash Generation

Analysts have trimmed their fair value estimate for Resolute Mining in line with a reduced price target to £0.64 from £0.65, reflecting updated assumptions around projected revenue growth, margins and the P/E multiple applied to the shares. Analyst Commentary Recent research on Resolute Mining has been fairly measured, but the latest move in the price target signals that some bullish analysts still see value at current levels, even after revisiting their assumptions on revenue, margins and the P/E multiple applied to the shares.
Narrative Update Jan 08

RSG: Higher Margins And Index Inclusion Will Support Future Cash Generation

Analysts have trimmed their price target on Resolute Mining slightly to 64 GBp from 65 GBp, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple as key drivers of the change. Analyst Commentary Recent research activity around Resolute Mining has been relatively light compared with larger sector peers, but the latest price target revision still sits above the current share price.
Narrative Update Dec 23

RSG: Gold Price Upside Will Support Margin Expansion And Cash Generation

Analysts have nudged their price target on Resolute Mining slightly lower to 64 GBp from 65 GBp, reflecting a modest recalibration of expectations while maintaining a constructive view on the company’s improving growth profile and margin outlook. Analyst Commentary Bullish analysts view the modest trim in the Resolute Mining price target as a fine tuning of valuation rather than a shift in conviction, noting that the stock still offers attractive upside from current levels given its improving operational and growth outlook.
Narrative Update Dec 09

RSG: Expanded La Debo Resource Will Drive Stronger Long-Term Earnings Potential

Analysts have trimmed their price target on Resolute Mining by 1 GBp to 64 GBp, reflecting a modestly higher discount rate and slightly softer long term growth expectations, partially offset by incremental improvement in projected profitability and valuation multiples. Analyst Commentary Recent research updates suggest that sentiment around Resolute Mining remains generally constructive, with the latest adjustment in price target viewed more as a fine tuning of assumptions rather than a fundamental change in outlook.
Narrative Update Nov 25

RSG: Expanded Mineral Resources Will Drive Stronger Long-Term Earnings Potential

Resolute Mining's analyst price target was reduced slightly from 65 GBp to 64 GBp, as analysts cited minor adjustments in their financial model while maintaining a positive outlook on the company. Analyst Commentary Analyst perspectives on Resolute Mining remain broadly constructive, with some cautious adjustments balancing continued optimism on the company's trajectory.
Narrative Update Nov 07

RSG: Future Production Increases Will Drive Improved Earnings And Value

Analysts have slightly lowered their price target for Resolute Mining to 64 GBp from 65 GBp. They cited incremental adjustments to discount rates and earnings forecasts as contributing factors to the change. Analyst Commentary Recent analyst updates regarding Resolute Mining reflect a balanced outlook, highlighting both positives and potential challenges impacting the company’s valuation and future growth.
Narrative Update Oct 24

Rising West African Demand And Urbanization Will Drive Stronger Gold Opportunities

Resolute Mining's analyst price target has increased from 46 GBp to 65 GBp. Analysts cite improved fair value estimates, stronger revenue growth, and higher profit margins in their revised outlook. Analyst Commentary Analyst sentiment towards Resolute Mining has become increasingly positive following the recent price target upgrade.
Narrative Update Oct 10

De-dollarization And West African Urbanization Will Unlock Robust Gold Demand

Analysts have raised their price target for Resolute Mining to £0.65 from £0.46. They cite improved revenue growth forecasts, margin expansion, and a more attractive valuation outlook.
Narrative Update Sep 26

De-dollarization And West African Urbanization Will Unlock Robust Gold Demand

The consensus price target for Resolute Mining has increased to A$1.12, reflecting improved profit margins and a higher future P/E ratio, indicating stronger earnings expectations. What's in the News Doropo Gold Project’s updated Mineral Resource Estimate increased by 28% to 4.4 Moz, with 84% in Measured and Indicated category, and most resources within 150m of surface; key deposits remain open for expansion.
Analysis Article Sep 23

Resolute Mining Limited (ASX:RSG) Stock Catapults 30% Though Its Price And Business Still Lag The Industry

Despite an already strong run, Resolute Mining Limited ( ASX:RSG ) shares have been powering on, with a gain of 30% in...
Narrative Update Aug 22

De-dollarization And West African Urbanization Will Unlock Robust Gold Demand

Despite significantly improved revenue growth forecasts and a lower future P/E ratio indicating enhanced earnings prospects and valuation appeal, the consensus analyst price target for Resolute Mining has been revised down from A$1.13 to A$1.07. What's in the News Resolute Mining is evaluating M&A opportunities to support its geographic diversification and mid-tier African gold producer strategy, though notes a limited current pipeline and a focus on internal value creation.
Analysis Article Aug 08

Lacklustre Performance Is Driving Resolute Mining Limited's (ASX:RSG) Low P/S

ASX:RSG 1 Year Share Price vs Fair Value Explore Resolute Mining's Fair Values from the Community and select yours...
Analysis Article Mar 17

Improved Revenues Required Before Resolute Mining Limited (ASX:RSG) Stock's 30% Jump Looks Justified

Resolute Mining Limited ( ASX:RSG ) shares have had a really impressive month, gaining 30% after a shaky period...
Analysis Article Mar 04

Results: Resolute Mining Limited Delivered A Surprise Loss And Now Analysts Have New Forecasts

The full-year results for Resolute Mining Limited ( ASX:RSG ) were released last week, making it a good time to revisit...
User avatar
New Narrative Feb 02

Shift To Sulphide-Only Operations At Syama Will Improve Production Efficiency

The Syama Sulphide Conversion Project and focus on new explorations are set to enhance production efficiency and spur future revenue growth.
Analysis Article Nov 08

Resolute Mining Limited's (ASX:RSG) Shares Lagging The Industry But So Is The Business

You may think that with a price-to-sales (or "P/S") ratio of 1.5x Resolute Mining Limited ( ASX:RSG ) is definitely a...
Analysis Article Aug 03

Estimating The Intrinsic Value Of Resolute Mining Limited (ASX:RSG)

Key Insights The projected fair value for Resolute Mining is AU$0.81 based on 2 Stage Free Cash Flow to Equity Resolute...
Analysis Article Jun 14

Resolute Mining (ASX:RSG) Has A Pretty Healthy Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article May 24

Resolute Mining Limited (ASX:RSG) Held Back By Insufficient Growth Even After Shares Climb 28%

Despite an already strong run, Resolute Mining Limited ( ASX:RSG ) shares have been powering on, with a gain of 28% in...
Analysis Article Apr 05

Resolute Mining Limited's (ASX:RSG) Shares Bounce 26% But Its Business Still Trails The Industry

Resolute Mining Limited ( ASX:RSG ) shares have had a really impressive month, gaining 26% after a shaky period...
Analysis Article Mar 05

Resolute Mining (ASX:RSG) Has A Rock Solid Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

RSGAU Metals and MiningAU Market
7D-11.9%-7.1%-1.6%
1Y88.6%48.6%-0.4%

Return vs Industry: RSG exceeded the Australian Metals and Mining industry which returned 52.4% over the past year.

Return vs Market: RSG exceeded the Australian Market which returned 0.1% over the past year.

Price Volatility

Is RSG's price volatile compared to industry and market?
RSG volatility
RSG Average Weekly Movement9.3%
Metals and Mining Industry Average Movement12.0%
Market Average Movement10.1%
10% most volatile stocks in AU Market17.2%
10% least volatile stocks in AU Market4.0%

Stable Share Price: RSG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: RSG's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/aChris Egerwww.rml.com.au

Resolute Mining Limited engages in mining, prospecting, and exploration of mineral properties in Africa. The company explores for gold and silver. Its flagship project is the Doropo Gold Project located in Côte d’Ivoire, West Africa.

Resolute Mining Limited Fundamentals Summary

How do Resolute Mining's earnings and revenue compare to its market cap?
RSG fundamental statistics
Market capAU$2.30b
Earnings (TTM)AU$182.86m
Revenue (TTM)AU$1.23b
12.6x
P/E Ratio
1.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RSG income statement (TTM)
RevenueUS$865.60m
Cost of RevenueUS$444.50m
Gross ProfitUS$421.10m
Other ExpensesUS$292.30m
EarningsUS$128.80m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.06
Gross Margin48.65%
Net Profit Margin14.88%
Debt/Equity Ratio8.5%

How did RSG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 04:11
End of Day Share Price 2026/06/09 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Resolute Mining Limited is covered by 26 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dale KoendersBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Taylor GuyotBarrenjoey Markets Pty Limited