Resolute Mining Limited

ASX:RSG Stock Report

Market Cap: AU$851.6m

Resolute Mining Valuation

Is RSG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RSG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RSG (A$0.4) is trading below our estimate of fair value (A$6.31)

Significantly Below Fair Value: RSG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RSG?

Key metric: As RSG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RSG. This is calculated by dividing RSG's market cap by their current earnings.
What is RSG's PE Ratio?
PE Ratio41.8x
EarningsUS$12.68m
Market CapUS$530.27m

Price to Earnings Ratio vs Peers

How does RSG's PE Ratio compare to its peers?

The above table shows the PE ratio for RSG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
WAF West African Resources
10.9x28.6%AU$1.7b
OBM Ora Banda Mining
44.3x38.8%AU$1.2b
RMS Ramelius Resources
11.5x-4.2%AU$2.5b
ALK Alkane Resources
17.3x36.3%AU$305.6m
RSG Resolute Mining
41.8x42.3%AU$851.6m

Price-To-Earnings vs Peers: RSG is expensive based on its Price-To-Earnings Ratio (41.8x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

How does RSG's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCN Kingsgate Consolidated
1.7x-13.3%US$206.23m
RHI Red Hill Minerals
1.7xn/aUS$164.51m
GRR Grange Resources
2.4xn/aUS$158.54m
PTN Patronus Resources
1.8xn/aUS$49.96m
RSG 41.8xIndustry Avg. 12.8xNo. of Companies10PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RSG is expensive based on its Price-To-Earnings Ratio (41.8x) compared to the Australian Metals and Mining industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is RSG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RSG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.8x
Fair PE Ratio32.7x

Price-To-Earnings vs Fair Ratio: RSG is expensive based on its Price-To-Earnings Ratio (41.8x) compared to the estimated Fair Price-To-Earnings Ratio (32.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RSG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.40
AU$0.67
+67.0%
17.4%AU$0.85AU$0.50n/a5
Dec ’25AU$0.43
AU$0.66
+52.2%
18.2%AU$0.85AU$0.50n/a5
Nov ’25AU$0.80
AU$1.10
+38.9%
31.3%AU$1.75AU$0.77n/a5
Oct ’25AU$0.73
AU$0.91
+23.5%
37.2%AU$1.55AU$0.55n/a5
Sep ’25AU$0.68
AU$0.89
+32.1%
38.5%AU$1.55AU$0.55n/a5
Aug ’25AU$0.65
AU$0.89
+37.2%
38.5%AU$1.55AU$0.55n/a5
Jul ’25AU$0.52
AU$0.84
+62.3%
34.8%AU$1.40AU$0.55n/a5
Jun ’25AU$0.56
AU$0.75
+34.6%
45.0%AU$1.40AU$0.40n/a5
May ’25AU$0.42
AU$0.73
+74.8%
47.2%AU$1.40AU$0.40n/a5
Apr ’25AU$0.43
AU$0.68
+57.7%
38.2%AU$1.15AU$0.37n/a5
Mar ’25AU$0.35
AU$0.66
+86.5%
40.1%AU$1.15AU$0.37n/a5
Feb ’25AU$0.41
AU$0.66
+62.5%
40.7%AU$1.15AU$0.37n/a5
Jan ’25AU$0.45
AU$0.61
+36.2%
32.7%AU$0.95AU$0.35n/a5
Dec ’24AU$0.43
AU$0.65
+50.2%
32.5%AU$0.95AU$0.35AU$0.436
Nov ’24AU$0.36
AU$0.65
+79.0%
32.5%AU$0.95AU$0.35AU$0.806
Oct ’24AU$0.34
AU$0.68
+97.6%
30.4%AU$1.00AU$0.40AU$0.736
Sep ’24AU$0.36
AU$0.68
+84.9%
31.2%AU$1.00AU$0.40AU$0.686
Aug ’24AU$0.36
AU$0.68
+84.9%
31.2%AU$1.00AU$0.40AU$0.656
Jul ’24AU$0.39
AU$0.72
+84.6%
31.2%AU$1.05AU$0.44AU$0.525
Jun ’24AU$0.48
AU$0.71
+48.8%
32.1%AU$1.05AU$0.44AU$0.565
May ’24AU$0.46
AU$0.67
+46.7%
35.1%AU$1.05AU$0.44AU$0.424
Apr ’24AU$0.42
AU$0.60
+42.4%
34.1%AU$0.99AU$0.44AU$0.435
Mar ’24AU$0.26
AU$0.56
+116.9%
40.8%AU$0.99AU$0.33AU$0.355
Feb ’24AU$0.28
AU$0.57
+106.5%
40.1%AU$0.99AU$0.33AU$0.415
Jan ’24AU$0.20
AU$0.61
+206.7%
49.3%AU$0.99AU$0.25AU$0.453
Dec ’23AU$0.18
AU$0.61
+240.7%
49.3%AU$0.99AU$0.25AU$0.433

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:25
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Resolute Mining Limited is covered by 30 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
Nicholas McGarrigleBarrenjoey Markets Pty Limited
April LowisBarrenjoey Markets Pty Limited
Glyn LawcockBarrenjoey Markets Pty Limited