Report
Mathew Hodge
EUR 100.00 For Business Accounts Only

Raising Our Regis Resources FVE to AUD 2.90 With Strong Exploration Results

We raise our fair value estimate for no-moat-rated Regis Resources to AUD 2.90 per share from AUD 2.70 per share. Approximately one fourth of the uplift comes from higher near-term gold prices. We now assume USD 1,280 per ounce in fiscal 2018 and USD 1,250 per ounce in fiscal 2019 versus approximately USD 1,200 per ounce previously for both years. The remainder of the increase stems from an approximate one-year extension in the assumed mine lives at Duketon and the proposed McPhillamys developme...
Underlying
Regis Resources Limited

Regis Resources is a gold producer. Co. and its controlled entities are engaged in the production of gold from the Duketon Gold Project; exploration, evaluation and development of gold projects in the Eastern Goldfields of Western Australia; and exploration and evaluation of the McPhillamys Gold Project in New South Wales. Co. has two reportable segments which comprise the Duketon Gold Project; being Duketon North Operations, comprising the Moolart Well Gold Mine, and Duketon South Operations, incorporating the Garden Well Gold Mine and the Rosemont Gold Mine.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mathew Hodge

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