Deutsche Bank Reiterates “Hold” Rating for Regis Resources Limited (RRL)
Regis Resources Limited (ASX:RRL)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Thursday, ARN reports.
RRL has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Regis Resources Limited from A$5.00 ($4.72) to A$5.30 ($5.00) in a research note to investors on Wednesday, September 18th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Regis Resources Limited in a research note to investors on Friday, August 16th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Regis Resources Limited in a research note to investors on Thursday, August 8th.
Shares of Regis Resources Limited (ASX:RRL) traded up 5.52% on Thursday, hitting A$3.630. The stock had a trading volume of 2,315,121 shares. Regis Resources Limited has a 52 week low of A$2.880 and a 52 week high of A$5.870. The stock has a 50-day moving average of A$3.86 and a 200-day moving average of A$3.82. The company has a market cap of A$1.794 billion and a P/E ratio of 11.43.
Regis Resources Limited is principally engaged in the production of gold from the Moolart Well gold mine, construction of the Garden Well gold mine and exploration, evaluation and development of gold projects in the Eastern Goldfields of Western Australia.
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