Goldman Sachs upgraded Regis Resources (RGRNF) to Neutral from Sell with a A$6.50 price target The firm says the move up in gold prices and the company’s unhedged free cash flow generation more than offset its higher costs.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGRNF:
- Mitsubishi UFJ Financial Group Ceases Substantial Holding in Regis Resources
- Regis Resources price target raised to A$6.40 from A$5 at JPMorgan
- Regis Resources Sees Change in Substantial Holding
- Van Eck Associates Ceases Substantial Holding in Regis Resources
- Regis Resources Limited Highlights Operations and Industry Risks