Regis Resources Ltd (ASX: RRL) shares are marching higher today.
Shares in the S&P/ASX 200 Index (ASX: XJO) gold stock closed yesterday trading for $4.35. In afternoon trade on Thursday, shares are changing hands for $4.39 apiece, up 0.9%.
For some context, the ASX 200 is up 0.6% at this same time.
Taking a step back, Regis Resources shares have smashed the benchmark index's returns over the past 12 months, with the gold stock gaining 167.7% compared to the 13.1% one-year gains posted by the ASX 200.
Atop its own operational success, the gold miner has been an obvious beneficiary of the soaring gold price. Currently trading for US$3,366 per ounce, the gold price is up some 38% since this time last year.
That's helped drive a 50.2% 12-month gain in the S&P/ASX All Ordinaries Gold Index (ASX: XGD).
Which brings us back to our headline question.
With Regis Resources having delivered more than triple the gains of the ASX All Ords Gold Index, is the Aussie gold miner a buy or a sell now?
Are Regis Resources shares still a good buy today?
With a look in the rearview, and a glance at the figures up top, no one can argue that buying shares in the ASX 200 gold stock last year would have been an excellent investment.
But looking to the year ahead, Catapult Wealth's Blake Halligan believes the miner could face some headwinds (courtesy of The Bull).
"Regis Resources is a gold producer operating two mines in Western Australia," said Halligan, who has a sell recommendation on Regis Resources shares.
"RRL group production in full year 2025 met guidance," he noted.
Indeed, for the full year FY 2025, Regis Resources produced 373,000 ounces of gold. That came in near the high end of the miner's guidance range. With an AISC of $2,531 per ounce, costs were in the lower half of the miner's full-year guidance range. Though costs increased in the June quarter.
Halligan also pointed to the sizeable decline in the Regis Resources share price since it hit multi-year highs in early June.
"The shares have fallen from $5.31 on June 3 to trade at $4.385 on August 7," he said of the 17.4% price slump. He added, "The company hasn't paid a dividend since 2022."
And while the gold price has surged over the past year, Halligan said there are no guarantees it will keep moving higher in the year ahead.
"Regis is an unhedged producer, so it's fully leveraged to the gold price, which can move in either direction," he said.
Connecting the dots, Halligan concluded , "In our view, RRL is up against inflationary pressures and economic uncertainty, so investors may want to consider cashing in some gains."
