I think RRL is in a really good buy position right now.
Definitely undervalued based on multiple factors and analyst opinions. Personally I think the current value is somewhere between 5 - 5.5. With 6+ being an easy reach by end of 2021. Good PE ratio for it's Industry. Good PEG ratio in general. Decent PB ratio for the industry. Net Profit margin is above 25% Profits expected (forecast) to increase to ~$339m per year by June 2022. (from $199m in 2020). Which is ~70% in 2 years. (Not guaranteed of course). Extremely good financial stability. No debt. Low liabilities. Large assets. Established mines. New Garden Well South mine has extremely good prospects. Gold price is solid and very unlikely to take any large dives.
Actually surprised this is not rising faster.
RRL Price at posting:
$3.89 Sentiment: Buy Disclosure: Held
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