December 2020
Stock I'm watching this month:-
RSG - Resolute Mining Ltd
Sector: Basic Materials
Market Cap: 878 Mil
Price/Earnings: N/A
Price/Book: 1.1
Return On Equity: -17.29%
Return On Assets: -2.44%
Debt/Equity: 42.66%
Reasons to watch: RSG is a gold mining company based in Africa. It has operated in Africa for about 30 years. RSG is a good gold mining company to diversify out of Australia. With the amount of money printing ongoing due to COVID 19, the gold price is expected to rise.
Risk: Africa is a high risk area to invest in. For example, there was a coup in Mali this year, where RSG operates.
Sentiment: Hold
Disclosure: Held
Current Price: $0.795
My Strike Price: $0.7 (Morningstar Intrinsic Value: $0.81)
Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.
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