Morgan Stanley analyst Rahul Anand maintained a Buy rating on Regis Resources Limited (RGRNF – Research Report) today and set a price target of A$2.45. The company’s shares closed yesterday at $1.32.
Anand covers the Basic Materials sector, focusing on stocks such as Iluka Resources Limited, Syrah Resources, and Pilbara Minerals Limited. According to TipRanks, Anand has an average return of 9.6% and a 53.68% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regis Resources Limited with a $1.55 average price target, which is a 17.42% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a A$2.20 price target.
RGRNF market cap is currently $961.5M and has a P/E ratio of -17.81.
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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.
