Got this in an email today...
Monday, 29 July 2024RRL - REGIS RESOURCES LIMITED
Macquarie rates RRL as Outperform (1) - Regis Resources reported previously released 4Q24 production of 106.4koz including all-in-sustaining costs of $2,247oz, which came in slightly better than consensus estimates and Macquarie's expectations.
The company reported 4Q24 cash and bullion of $295m, up $101m and is fully unhedged, the broker notes.
Management's FY25 guidance was softer than the analyst expected, with production forecast at 350-380koz and all-in-sustaining costs at $2,440-$2,740oz which is higher than anticipated.
Macquarie adjusts earnings forecasts by -33% for FY25 EPS estimate.
The target price is lowred by -7% to $2.70. Outperform rating retained.
Target price is $2.70 Current Price is $1.67 Difference: $1.035 If RRL meets the Macquarie target it will return approximately 62% (excluding dividends, fees and charges). Current consensus price target is $2.10, suggesting upside of 26.1%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 1.00 cents and EPS of 12.60 cents . At the last closing share price the estimated dividend yield is 0.60%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.21. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 11.5, implying annual growth of N/A. Current consensus DPS estimate is 0.3, implying a prospective dividend yield of 0.2%. Current consensus EPS estimate suggests the PER is 14.5.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 17.10 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.74. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.8, implying annual growth of 150.4%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 5.8.
Market Sentiment: 0.5All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Got this in an email today...Monday, 29 July 2024RRL - REGIS...
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.69 |
Change
0.025(1.50%) |
Mkt cap ! $1.276B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.70 | $1.68 | $939.8K | 557.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 33018 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 15250 | 13 |
View Market Depth
| Last trade - 10.54am 29/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |