We often describe RRL as an aggressive, high-beta play on the gold price, and this has proved on point again in the last two weeks. Similar to the gold price in $A, our initial target for RRL is around $5.10, or 6% higher. If we look to invest more actively across the space through 2025/6, this is the ideal stock, with EVN, in general, a more conservative investment.
- We are looking for RRL to punch the new highs above $5.00 – not a big call now!
MM is bullish on RRL in the short term
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