Bell Potter Sticks to Their Hold Rating for Regis Resources Limited (RGRNF)
In a report released today, David Coates from Bell Potter maintained a Hold rating on Regis Resources Limited (RGRNF – Research Report), with a price target of A$4.72. The company's shares closed yesterday at $3.20.
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Coates covers the Basic Materials sector, focusing on stocks such as Regis Resources Limited, Evolution Mining , and AIC Mines Limited. According to TipRanks, Coates has an average return of 5.7% and a 50.77% success rate on recommended stocks.
In addition to Bell Potter, Regis Resources Limited also received a Hold from Macquarie's Ben Crowley in a report issued yesterday. However, on May 8, Morgans maintained a Buy rating on Regis Resources Limited (Other OTC: RGRNF).
Based on Regis Resources Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $777.28 million and a net profit of $88.45 million. In comparison, last year the company earned a revenue of $550.06 million and had a GAAP net loss of $91.8 million
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