Citi downgrades Australia's Regis Resources following weak output

Regis Resources

21/07/2025 19:54

** Citi downgrades Australia's Regis Resources RRL.AX to "sell", cuts price target by 30 Australian cents per share to A$3.80

** Brokerage says FY26 production expectations of 350-380 koz provided by the gold miner was slightly softer at mid-point than expected

** Company reports quarterly gold production of 87.4 koz down from 106.4 koz previous corresponding period

** Brokerage also highlights the share rally, up 68.6% YTD, more than double the gain of the local gold index .AXGD in percentage terms, which is up 30.9% YTD

     ** Eleven analysts on average rate "hold"; median PT is A$4.60, according to data compiled by LSEG

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))