RAMELIUS RESOURCES LIMITED (RMS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

RMS

RMS - RAMELIUS RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.02
Index: ASX200 | ASX300 | ALL-ORDS

Ramelius Resources is a Western Australian gold producer. It currently operates four mines and associated processing plants. The company listed on the ASX in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.49

14 May
2025

-0.030

OPEN

$2.57

-1.19%

HIGH

$2.52

6,473,466

LOW

$2.45

TARGET
$2.93 17.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NEM . NST . NVA . OBM . PDI . PNR . PRU . RRL . RSG . RXL . SBM . SMI . SPR . STM . STN . SVL . TBR . TCG . TRE . TTM . USL . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
RMS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 19.5 35.7 xxx
DPS (cps) xxx 5.0 8.0 xxx
EPS Growth xxx 100.0% 83.0% xxx
DPS Growth xxx 100.0% 60.0% xxx
PE Ratio xxx N/A 6.7 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 25.6% 22.4% xxx

Dividend yield today if purchased 3 years ago: 4.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.07

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 13/09 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx19.5
DPS All xxxxxxxxxxxxxxx5.0
Sales/Revenue xxxxxxxxxxxxxxx882.5 M
Book Value Per Share xxxxxxxxxxxxxxx116.3
Net Operating Cash Flow xxxxxxxxxxxxxxx452.6 M
Net Profit Margin xxxxxxxxxxxxxxx24.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx19.09 %
Return on Invested Capital xxxxxxxxxxxxxxx18.99 %
Return on Assets xxxxxxxxxxxxxxx15.35 %
Return on Equity xxxxxxxxxxxxxxx19.09 %
Return on Total Capital xxxxxxxxxxxxxxx23.91 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx350.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx9 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx10 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx424 M
Price To Book Value xxxxxxxxxxxxxxx1.65

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx123.1 M
Capex % of Sales xxxxxxxxxxxxxxx13.95 %
Cost of Goods Sold xxxxxxxxxxxxxxx595 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx11 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx100 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

30/04/2025

1

Outperform

$2.60

4.42%

Ramelius Resources' group gold sales of 84koz were 5% above Macquarie’s forecast, though all-in-sustaining-costs (AISC) of $1,492/oz were 20% higher due to elevated costs at Edna May, now placed into care and maintenance. Production for the quarter was 80.5koz, as previously pre-reported.

FY25 guidance has been tightened, lifting the lower end of production to 290–300koz (from 270–300koz), with AISC guided at $1,550–1,650/oz. Macquarie aligns its forecast to 293koz at $1,617/oz.

Cash increased $166m to $620m, in line with expectations. Around 21% of sales were hedged at $3,029/oz versus spot sales at $4,557/oz, with 81koz of forward commitments to unwind by 2QFY27.

Macquarie lowers FY25 EPS estimate by –6% due to higher costs and trims forecast DPS by –11%, with minimal changes beyond. Target price remains $2.60. Outperform rating retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 8.00 cents and EPS of 33.50 cents.
Macquarie forecasts a full year FY26 dividend of 1.00 cents and EPS of 12.50 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

03/05/2025

1

Buy

$3.55

42.57%

Ramelius Resources' 3Q25 production was in line with Canaccord Genuity's forecast, and cost was -2% lower. The tightened production guidance for FY25 implied a 3.5% upgrade at midpoint, while the cost guidance was broadly unchanged.

The analyst, however, expects a slightly better outcome, forecasting FY25 production of 298kz at $1,553/oz vs the company's guidance midpoint of 295koz and cost of $1,600/oz.

The broker expects a cash balance of $775m at the end of FY25 based on free cash flow of $192m in 4Q.

Buy. Target unchanged at $3.55.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 12.00 cents and EPS of 37.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 8.00 cents and EPS of 28.00 cents.
Access Extra Coverage Research History >

RMS STOCK CHART

FNArena News on RMS

1
Australian Broker Call *Extra* Edition – May 05, 2025

May 05 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 02-05-25

May 05 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports
4
Favourite ASX-Gold Exposures

Apr 09 2025 - Commodities
5
Weekly Ratings, Targets, Forecast Changes – 28-03-25

Mar 31 2025 - Weekly Reports

Latest Gold & Silver News

1
De Grey Offsets Northern Star’s Production Doubt

May 05 2025 - Commodities
2
Evolution Mining Outperforming, Too Much

Apr 17 2025 - Australia
3
Favourite ASX-Gold Exposures

Apr 09 2025 - Commodities
4
The Risk For Gold Heading Into A Tariff Storm

Mar 26 2025 - Technicals
5
Northern Star Has Broken Out

Mar 18 2025 - Technicals
6
Gold Miners On The Rise

Mar 11 2025 - Technicals
7
Unlocking Vault’s Golden Potential

Nov 14 2024 - Commodities
8
What Went Wrong With Newmont?

Nov 05 2024 - Australia
9
In Brief: Aurum, Hillgrove & Little Green Pharma

Oct 25 2024 - Weekly Reports
10
Perseus Mining Shares Ready To Run

Oct 22 2024 - Technicals