In a report released today, Levi Spry from UBS maintained a Hold rating on Regis Resources Limited (RGRNF – Research Report), with a price target of A$1.65. The company’s shares closed last Wednesday at $1.10.
Spry covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals Limited, Lynas Rare Earths Limited, and Northern Star Resources Ltd. According to TipRanks, Spry has an average return of 10.4% and a 61.06% success rate on recommended stocks.
Regis Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $1.30.
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RGRNF market cap is currently $823M 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.
