Deutsche Bank Downgrades Regis Resources Limited to Hold (RRL)
Regis Resources Limited (ASX:RRL) was downgraded by equities researchers at Deutsche Bank to a “hold” rating in a research report issued on Wednesday. They currently have a $1.85 price target on the stock.
Regis Resources Limited (ASX:RRL) traded up 5.32% on Wednesday, hitting A$1.485. The stock had a trading volume of 4,236,145 shares. Regis Resources Limited has a 52-week low of A$1.360 and a 52-week high of A$4.370. The stock has a 50-day moving average of A$2.18 and a 200-day moving average of A$2.59. The company has a market cap of A$739.5 million and a price-to-earnings ratio of 5.66.
RRL has been the subject of a number of other recent research reports. Analysts at Morningstar reiterated a “hold” rating on shares of Regis Resources Limited in a research note on Tuesday, May 13th.
Regis Resources Limited is principally engaged in production of gold from the Moolart Well and Garden Well gold mines; construction of the Rosemont gold project, and exploration, evaluation and development of gold projects in the Eastern Goldfields of Western Australia.
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