Ann: Quarterly Activities Report, page-23

I just got this ...Wed, 27 July at 9:29 am


Wednesday, 27 July 2022

RRL - REGIS RESOURCES LIMITED

Credit Suisse rates RRL as Outperform (1) - June quarter for Regis Resources came in at 124koz and viewed as good finish to a tough year highlighted Credit Suisse.

The company also presented on the FY23-FY25 outlook with a target production of 450-500koz which analysts considered to offer mixed guidance compared to their expectations.

Credit Suisse reduces earnings forecasts by -7.4% in FY22 and -23.7% for FY23 on lower gold prices and higher costs.

Outperform rating unchanged. Target is lowered to $1.80 from $2.10 but risks remain with covid absenteeism and higher costs.

Target price is $1.80 Current Price is $1.58 Difference: $0.22 If RRL meets the Credit Suisse target it will return approximately 14% (excluding dividends, fees and charges). Current consensus price target is $1.96, suggesting upside of 24.1%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 2.00 cents and EPS of 10.49 cents . At the last closing share price the estimated dividend yield is 1.27%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.06. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.1, implying annual growth of -76.9%. Current consensus DPS estimate is 0.5, implying a prospective dividend yield of 0.3%. Current consensus EPS estimate suggests the PER is 25.9.

Forecast for FY23:

Credit Suisse forecasts a full year FY23 dividend of 3.00 cents and EPS of 8.26 cents . At the last closing share price the estimated dividend yield is 1.90%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.13. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 15.0, implying annual growth of 145.9%. Current consensus DPS estimate is 3.0, implying a prospective dividend yield of 1.9%. Current consensus EPS estimate suggests the PER is 10.5.

Market Sentiment: 0.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources