In a report released today, Levi Spry from UBS upgraded Regis Resources Limited to a Buy, with a price target of A$7.25. The company’s shares closed today at $4.10.
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According to TipRanks, Spry is a 5-star analyst with an average return of 14.4% and a 66.53% success rate. Spry covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Perseus Mining , and Vault Minerals Limited.
The word on The Street in general, suggests a Hold analyst consensus rating for Regis Resources Limited with a $3.83 average price target, which is a -6.59% downside from current levels. In a report released on October 6, RBC Capital also maintained a Buy rating on the stock with a A$6.50 price target.
RGRNF market cap is currently $2.81B and has a P/E ratio of 17.50.
Read More on RGRNF:
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- Regis Resources Highlights Operations and Risks at Citi Investment Conference
- Regis Resources upgraded to Neutral from Sell at Goldman Sachs
- Mitsubishi UFJ Financial Group Ceases Substantial Holding in Regis Resources
- Regis Resources price target raised to A$6.40 from A$5 at JPMorgan
- Regis Resources Sees Change in Substantial Holding
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