In a report released on August 25, Hugo Nicolaci from Goldman Sachs maintained a Buy rating on Regis Resources Limited (RGRNF – Research Report), with a price target of A$1.90. The company’s shares closed yesterday at $0.98.
According to TipRanks, Nicolaci is a 3-star analyst with an average return of 12.1% and a 40.00% success rate. Nicolaci covers the Basic Materials sector, focusing on stocks such as Core Lithium Ltd, Pilbara Minerals Limited, and Northern Star Resources Ltd.
In addition to Goldman Sachs, Regis Resources Limited also received a Buy from Morgan Stanley’s Rahul Anand in a report issued today. However, on August 25, Citi maintained a Sell rating on Regis Resources Limited (Other OTC: RGRNF).
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RGRNF market cap is currently $737.8M and has a P/E ratio of -46.64.
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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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