Bell Potter analyst David Coates maintained a Buy rating on Regis Resources Limited (RGRNF – Research Report) today and set a price target of A$3.75. The company’s shares closed yesterday at $2.15.

Coates covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Fortescue Metals Group Ltd, and AIC Mines Limited. According to TipRanks, Coates has an average return of 6.0% and a 54.05% success rate on recommended stocks.

In addition to Bell Potter, Regis Resources Limited also received a Buy from Morgans’s Ross Bennett in a report issued today. However, on February 19, UBS maintained a Sell rating on Regis Resources Limited (Other OTC: RGRNF).

RGRNF market cap is currently $1.5B and has a P/E ratio of -10.84.