- UBS initiates with Buy rating on Regis Resources
- Attracted to solid production growth and exploration potential
- Buy ratings dominate for the stock

By Chris Shaw

Emerging gold producer Regis Resources ((RRL)) has assets containing resources of 6.5 million ounces in Western Australia, with production currently coming from the 95-105,000 ounces per year Moolart Well project.

The stock has been picked up by UBS, the broker initiating coverage with a Buy rating and price target of $4.40. The attraction is expected growth in production, as UBS's numbers suggest output for Regis should grow to around 369,000 ounces per year in FY14.