With production and cost figures pre-reported, FY21 results held few surprises and were broadly in-line with Morgans estimates. A soft start to FY22 is expected, with planned mill shutdowns in the current quarter along with preventative maintenance across several open pits.
Profit was higher than the broker's estimate, driven by the timing of stamp duty payment related to the Tropicana purchase. Morgans retains its Add rating and $3.93 target price.
Target price is $3.93 Current Price is $2.39 Difference: $1.54
If RRL meets the Morgans target it will return approximately 64% (excluding dividends, fees and charges).Current consensus price target is $3.38, suggesting upside of 41.5% (ex-dividends)
The company's fiscal year ends in June.
Under valued, page-130
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Last
$1.80 |
Change
-0.015(0.83%) |
Mkt cap ! $1.373B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.84 | $1.79 | $2.425M | 1.336M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 77704 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 81701 | 51 |
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| Last trade - 13.00pm 27/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |