Australia's Regis Resources hits 9-month low after Citi cuts PT on higher cost forecast

Regis Resources

26/07/2024 06:43

** Shares of Regis Resources  RRL.AX  fall as much as 4.1%
to A$1.655, their lowest since Oct. 26, 2023
    ** Analysts at Citi trim PT on gold miner by 10 AU cents to
A$1.80 
    ** RRL sees FY25 all in sustaining costs (AISC) of between
A$2,440-2,740 per oz, up from A$2,286 per oz in FY24
    ** Citi says cost guidance was ~A$100/oz more than expected
at the low-end
    ** Eight of 13 analysts rate the stock "buy" or higher,
three "hold" and two "sell"; their median PT is A$2.1 – LSEG
data
    ** Stock down 23.4% YTD, including session's moves



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))