In a report released on August 24, Alex Barkley from RBC Capital maintained a Buy rating on Regis Resources Limited (RGRNF – Research Report), with a price target of A$2.10. The company’s shares closed yesterday at $1.00.
Barkley covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining Limited, and Regis Resources Limited. According to TipRanks, Barkley has an average return of -2.6% and a 49.15% success rate on recommended stocks.
In addition to RBC Capital, Regis Resources Limited also received a Buy from Canaccord Genuity’s Tim McCormack in a report issued yesterday. However, on the same day, Citi maintained a Sell rating on Regis Resources Limited (Other OTC: RGRNF).
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RGRNF market cap is currently $738.9M and has a P/E ratio of -47.20.
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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.
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