Morgan Stanley analyst Rahul Anand maintained a Buy rating on Regis Resources Limited (RGRNF – Research Report) today and set a price target of A$1.95. The company’s shares closed last Monday at $1.00.
According to TipRanks, Anand is a 5-star analyst with an average return of 8.4% and a 50.83% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals Limited, BHP Group Ltd, and Mineral Resources Limited.
Regis Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $1.26, which is a 26.00% upside from current levels. In a report released on September 11, RBC Capital also maintained a Buy rating on the stock with a A$2.20 price target.
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RGRNF market cap is currently $785M and has a P/E ratio of -48.37.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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