Buy this ASX 200 gold share with 30% upside before it’s too late

With the gold price hitting a record high this month on rate cut optimism and Middle East tensions, you might think that it is too late to invest in the gold sector.

The good news is that according to one leading broker, it isn’t too late for investors to jump in.

In fact, the broker sees a potential gain of 30% for investors over the next 12 months from one leading ASX 200 gold share.

Which ASX 200 gold share is a buy?

According to a note out of Bell Potter this week, its analysts have named Regis Resources Ltd (ASX: RRL) among their preferred picks in March.

It likes the owner of the Duketon Gold Project due to its organic growth potential, local operations, and M&A appeal. It explains:

RRL is an established multi-mine gold producer with all its operating mines located in Western Australia. The Duketon Gold Project (located in the Laverton region 350km north, north-east of Kalgoorlie in WA) is RRL’s flagship project and comprises the Duketon North Operations (DNO) and the Duketon South Operations (DSO) which produce a combined ~300kozpa.

As one of the largest ASX listed gold producers, we are attracted to its all-Australian asset portfolio and organic growth options which are unique at this scale. Furthermore, we see key opportunities in the fundamental, medium-term outlook and, in our view, these may also make RRL an appealing corporate target in the current conducive M&A environment.

Bell Potter currently has a buy rating and $2.60 price target on the ASX 200 gold share.

Based on the current Regis Resources share price of $2.00, this suggests potential upside of 30% between now and this time next year.

The post Buy this ASX 200 gold share with 30% upside before it’s too late appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 5 things to watch on the ASX 200 on Tuesday
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• 5 things to watch on the ASX 200 on Tuesday
• Are these top ASX shares dirt cheap and must-buys right now?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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