0104 GMT - Regis Resources' FY 2026 growth capex guidance is much higher than the market expected. However, the elevated capex relates to some short-life, lower-grade pits that Regis is developing to take advantage of high gold prices, RBC Capital Markets analyst Alex Barkley says. This is "important given some market concerns around Duketon mine life and RRL maintaining group production levels," says Barkley. RBC has an outperform rating and A$5.30 target on Regis. "RRL are, in our view, establishing themselves as a stand-out for operating and cash flow consistency," he says. That is not fully reflected in its FY 2026 2.4X EV/Ebitda multiple, says Barkley. The stock is down 4.1% at A$4.285. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
July 20, 2025 21:04 ET (01:04 GMT)
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