Regis Resources Limited (AU:RRL)
ASX:RRL
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Regis Resources Limited
(Sydney:RRL)
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Rating:75Outperform
Price Target:
AU$7.00
▲(5.26% Upside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by strong financial health and recovery (profitability, low leverage, and robust cash generation) and a very attractive valuation (low P/E with a solid dividend). These positives are tempered by clearly bearish technical signals and oversold momentum.
Positive Factors
Low leverage
A debt-to-equity ratio of 0.07 indicates very low leverage, providing structural financial resilience. Low debt reduces refinancing and interest risk, preserves capacity to fund capex or exploration from operating cash, and supports stability across metal price cycles over the next 2–6 months.
Negative Factors
Gold price exposure
Revenue and margin are structurally tied to spot gold prices and ounce production. Without clear hedging disclosure, swings in realized gold prices can materially affect cash flow and profitability over a multi-month horizon, leaving core earnings exposed to commodity cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A debt-to-equity ratio of 0.07 indicates very low leverage, providing structural financial resilience. Low debt reduces refinancing and interest risk, preserves capacity to fund capex or exploration from operating cash, and supports stability across metal price cycles over the next 2–6 months.
Read all positive factors
Regis Resources Limited (RRL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.04B
Dividend Yield0.65%
Average Volume (3M)3.09M
Price to Earnings (P/E)4.4
Beta (1Y)1.37
Revenue Growth30.46%
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.43
Shares Outstanding757,252,200
10 Day Avg. Volume3,089,863
30 Day Avg. Volume3,089,907
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)2.05
Price to Sales (P/S)2.01
P/FCF Ratio6.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$8.94Price Target Upside34.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)1.02
Revenue Forecast (FY)AU$2.42B
Regis Resources Limited Business Overview & Revenue Model
Company Description
Regis Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of gold projects in Australia. It owns 100% interests in the Duketon gold project located in the North Eastern Goldfields of Western A...
How the Company Makes Money
Regis Resources primarily makes money by producing and selling gold. Revenue is generated when the company mines gold-bearing ore from its operations, processes the ore through its processing facilities to recover gold, and sells the resulting gol...
Regis Resources Limited Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 26, 2026
Earnings Call Sentiment Positive
The call presented a strongly positive operational and financial performance: consistent production, very strong cash generation (operating cash flow $419M) and a substantial increase in cash and bullion (≈38% increase to $930M). Management resumed dividends, increased exploration investment based on successful results, and advanced high-return projects (notably BuckWell). Offsetting items include project timing uncertainty for McPhillamys, a return to material cash tax payments (~$100M), some lower open-pit grades and AISC pressure from higher-cost ounces. On balance, the positives (cash generation, liquidity, shareholder returns, high-return project pipeline and increased exploration) materially outweigh the negatives.Positive Updates
Strong Production Delivery
Group gold production of 96,600 ounces in the December quarter, with Duketon contributing 57,600 oz (≈59.7%) and Tropicana 39,000 oz (≈40.3%). Delivery was in line with plan across open pit and underground operations.
Negative Updates
McPhillamys Approval Uncertainty
Judicial review decision for McPhillamys has been reserved with no fixed timing; management indicated the outcome could extend into later quarters (potentially the June quarter or beyond), creating ongoing project uncertainty and timing risk.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Production Delivery
Group gold production of 96,600 ounces in the December quarter, with Duketon contributing 57,600 oz (≈59.7%) and Tropicana 39,000 oz (≈40.3%). Delivery was in line with plan across open pit and underground operations.
Read all positive updates
Company Guidance
Guidance highlights from the call: Regis has increased FY26 exploration guidance by ~A$20m to A$70–80m and will finalise a formal capital allocation policy in February after resuming dividends (A$0.05/share, ~A$38m this quarter; A$580m returned since 2013); the company is unhedged, expects to be a cash tax payer with ~A$100m FY25 tax payable (moving to monthly instalments), and sees no material step‑up in near‑term capital demands. Quarterly metrics that underpin this guidance included group production of 96,600 oz (gold sales just under 100,000 oz) at an AISC of A$2,839/oz (including A$179/oz non‑cash stockpile movement), realised price A$6,436/oz generating A$641m revenue, operating cash flow A$419m (Duketon A$231m, Tropicana A$188m) and cash & bullion up A$255m to A$930m; quarter capex was A$115m, exploration A$19m and McPhillamys spend A$5m, with Duketon underground development of 3,896 m. Management also confirmed BuckWell as a near‑term, capital‑efficient opportunity (221,000 oz recovered at AISC A$3,524/oz; pretax NPV A$270m and IRR 127% at A$5,387/oz) and extended Duketon North production through at least FY31.Regis Resources Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.96B | 1.65B | 1.26B | 1.13B | 1.02B | 818.84M |
| Gross Profit | 720.40M | 822.32M | 438.98M | 413.76M | 50.13M | 307.19M |
| EBITDA | 1.03B | 784.40M | 120.84M | 369.77M | 116.13M | 286.79M |
| Net Income | 488.66M | 254.36M | -186.02M | -24.33M | 13.78M | 146.20M |
Balance Sheet | ||||||
| Total Assets | 2.70B | 2.28B | 2.13B | 2.47B | 2.43B | 2.36B |
| Cash, Cash Equivalents and Short-Term Investments | 869.01M | 505.49M | 277.94M | 205.18M | 207.54M | 242.81M |
| Total Debt | 201.44M | 119.16M | 366.43M | 383.55M | 350.73M | 353.67M |
| Total Liabilities | 799.88M | 661.86M | 773.98M | 934.18M | 854.87M | 770.88M |
| Stockholders Equity | 1.90B | 1.61B | 1.36B | 1.54B | 1.58B | 1.58B |
Cash Flow | ||||||
| Free Cash Flow | 786.96M | 544.78M | 200.75M | 19.37M | 25.07M | 72.56M |
| Operating Cash Flow | 1.11B | 820.69M | 474.57M | 454.94M | 346.99M | 276.29M |
| Investing Cash Flow | -397.86M | -274.14M | -273.74M | -411.85M | -321.92M | -1.09B |
| Financing Cash Flow | -359.84M | -319.00M | -127.79M | -45.56M | -60.34M | 862.60M |
Regis Resources Limited Technical Analysis
Neutral
6.65
Price Trends
7.84
Negative
7.48
Negative
6.23
Positive
Market Momentum
-0.53
Positive
41.29
Neutral
58.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RRL, the sentiment is Neutral. The current price of 6.65 is below the 20-day moving average (MA) of 7.16, below the 50-day MA of 7.84, and above the 200-day MA of 6.23, indicating a neutral trend. The MACD of -0.53 indicates Positive momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 58.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:RRL.
Regis Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$5.04B | 4.43 | 27.80% | 0.65% | 30.46% | ― | |
67 Neutral | AU$3.66B | 7.22 | 23.72% | ― | 23.87% | 92.57% | |
67 Neutral | AU$5.02B | 12.56 | 22.68% | ― | 43.49% | 60.31% | |
66 Neutral | AU$3.55B | 14.26 | 14.62% | ― | 17.59% | 0.98% | |
66 Neutral | AU$7.01B | -160.00 | 9.94% | 1.92% | 36.34% | 110.55% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
AU:RRL
Regis Resources Limited
6.65
2.85
74.95%
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Regis Resources Limited Corporate Events
Gold Miners Lifted as S&P/ASX Indices Undergo March 2026 Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, which will take effect before trading opens on March 23. Among the headline moves, Northern Star Resources enters the SP/ASX 20, Light Wonder and PLS Gro...
Regis Resources Issues Over 1.3 Million Unquoted Performance Rights
Feb 27, 2026
Regis Resources Limited has notified the market of the issue of 1,347,519 unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX, were issued on 27 February 2026, indicating the com...
Regis boosts Tropicana underground reserves, extending mine life
Feb 22, 2026
Regis Resources has reported continued growth in Ore Reserves and Mineral Resources at the Tropicana gold mine, extending mine life and reinforcing the project’s status as a world-class asset. As at 31 December 2025, the Tropicana JV (100%) ...
Regis Resources Reaffirms Resource Base and Risk Warnings in Conference Presentation
Feb 8, 2026
Regis Resources has released a conference presentation that provides an overview of its operations and project portfolio, while emphasising that the information relies on assumptions and interpretations that have not been independently verified. T...
Regis Resources Sets Date for Half-Year Results and Investor Call
Feb 3, 2026
Regis Resources Limited has announced that its financial results for the half year ended 31 December 2025 will be released to the ASX before market open on 19 February 2026. The company will hold an investor update conference call and webcast at 1...
Regis Resources Posts Record Cash, Extends Duketon Life as Growth Pipeline Builds
Jan 21, 2026
Regis Resources reported a strong December quarter, with consistent operational performance at its Duketon and Tropicana assets delivering gold production of 96.6koz at an all-in sustaining cost of A$2,839/oz and record cash and bullion of A$930 m...
Regis Resources Hits Record A$930m Cash and Bullion After Strong Quarter
Jan 6, 2026
Regis Resources reported preliminary, unaudited results showing total group gold production of 96,600 ounces for the December 2025 quarter, lifting first-half FY26 output to 186,900 ounces, underpinned by 57,600 ounces from Duketon and 39,000 ounc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.