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I just got this ...Thu, 2 Sept at 9:37 am


Thursday, 2 September 2021

RRL - REGIS RESOURCES LIMITED

Credit Suisse rates RRL as Outperform (1) - FY21 operating earnings were in line with Credit Suisse estimates. The outlook for FY22 production is unchanged but mostly weighted to the second half because of mill maintenance in the September quarter and revised scheduling.

The stock remains the broker's top pick amongst intermediate gold stocks and an Outperform rating is maintained. Credit Suisse reduces the target to $3.60 from $4.00 after running new gold price forecasts and revising financing costs.

Target price is $3.60 Current Price is $2.48 Difference: $1.12 If RRL meets the Credit Suisse target it will return approximately 45% (excluding dividends, fees and charges). Current consensus price target is $3.38, suggesting upside of 36.4%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 12.00 cents and EPS of 33.56 cents . At the last closing share price the estimated dividend yield is 4.84%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.39. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 27.2, implying annual growth of 3.1%. Current consensus DPS estimate is 17.9, implying a prospective dividend yield of 7.2%. Current consensus EPS estimate suggests the PER is 9.1.

Forecast for FY23:

Credit Suisse forecasts a full year FY23 dividend of 12.00 cents and EPS of 43.26 cents . At the last closing share price the estimated dividend yield is 4.84%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.73. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 25.0, implying annual growth of -8.1%. Current consensus DPS estimate is 22.5, implying a prospective dividend yield of 9.1%. Current consensus EPS estimate suggests the PER is 9.9.

Market Sentiment: 0.6All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources