Yesterday morning we touched on our bullish view towards Regis Resources (RRL) and right on cue the gold sector enjoyed a strong day dominating the leader’s board e.g. RMS +5.1% and RRL +4.6%. We like this relatively small $988mn predominantly gold miner and explorer which was the market’s 3rd best performer yesterday, initially looking for 15-20% upside although more wouldn’t surprise.
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Buy Hold Sell: The best and worst performers of FY25
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Wednesday 16th July – ASX -73pts, EVN, RIO, NEM
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Wednesday 16th July – Dow off 436pts, SPI down -66pts
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Price change after positive earnings surprises – Source Bloomberg
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MM likes RMS over the coming months
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Price change after positive earnings surprises – Source Bloomberg
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