In a report released yesterday, Alex Barkley from RBC Capital maintained a Buy rating on Regis Resources Limited (RGRNF – Research Report). The company’s shares closed last Wednesday at $1.10.
According to TipRanks, Barkley is an analyst with an average return of -2.4% and a 39.71% success rate. Barkley covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Gold Road Resources Ltd, and Regis Resources Limited.
Currently, the analyst consensus on Regis Resources Limited is a Moderate Buy with an average price target of $1.30, representing a 18.18% upside. In a report released today, Macquarie also maintained a Buy rating on the stock with a A$2.40 price target.
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RGRNF market cap is currently $793.2M and has a P/E ratio of -51.16.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RGRNF in relation to earlier this year.
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Regis Resources Limited (RGRNF) Company Description:
Regis Resources Ltd. is a mineral exploration and production company, engages in the exploration, evaluation, and development of gold projects. It operates its business through Duketon North Operations and Duketon South Operations segments. The Duketon North Operations segment focuses in the Duketon Gold project . The Duketon South Operations segment comprises Garden Well, Rosemont, Erlistoun, and Tooheys Well. The company was founded on May 2, 1986 and is headquartered in Subiaco, Australia.
