RAMELIUS RESOURCES LIMITED (RMS)
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RMS

RMS - RAMELIUS RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.08
Index: ASX100 | 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

$3.59

16 Sep
2025

-0.020

OPEN

$3.67

-0.55%

HIGH

$3.70

14,857,817

LOW

$3.58

TARGET
$3.38 -5.8% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
RMS: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 41.1 23.5 xxx
DPS (cps) xxx 8.0 4.4 xxx
EPS Growth xxx 100.0% - 42.9% xxx
DPS Growth xxx 60.0% - 45.4% xxx
PE Ratio xxx N/A 14.9 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 19.5% 18.6% xxx

Dividend yield today if purchased 3 years ago: 12.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.29

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx41.1
DPS All xxxxxxxxxxxxxxx8.0
Sales/Revenue xxxxxxxxxxxxxxx1,203.2 M
Book Value Per Share xxxxxxxxxxxxxxx164.4
Net Operating Cash Flow xxxxxxxxxxxxxxx769.3 M
Net Profit Margin xxxxxxxxxxxxxxx39.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx29.32 %
Return on Invested Capital xxxxxxxxxxxxxxx28.85 %
Return on Assets xxxxxxxxxxxxxxx23.46 %
Return on Equity xxxxxxxxxxxxxxx29.32 %
Return on Total Capital xxxxxxxxxxxxxxx39.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx566.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx14 M
Long Term Debt xxxxxxxxxxxxxxx51 M
Total Debt xxxxxxxxxxxxxxx64 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx784 M
Price To Book Value xxxxxxxxxxxxxxx1.53

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx160.5 M
Capex % of Sales xxxxxxxxxxxxxxx13.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx533 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx16 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx506 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.
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Macquarie

26/08/2025

1

Outperform

$3.30

-8.08%

Ramelius Resources' FY25 result was a consensus beat on underlying earnings, profit and free cash flow due to lower opex, Macquarie notes. The final 5c dividend was in line with Macquarie but a -22% consensus miss.

Management noted a strong liquidity position should enable Ramelius to develop its extensive organic pipeline, while also continuing a return to shareholders through dividends.

The broker awaits Ramelius' five-year outlook due in the Sep quarter. Lower near-term cash tax payments see Macquarie's target lift to $3.30 from $3.10. Retain Outperform.

FORECAST
Macquarie forecasts a full year FY26 dividend of 2.00 cents and EPS of 16.70 cents.
Macquarie forecasts a full year FY27 dividend of 2.00 cents and EPS of 6.40 cents.

Ord Minnett

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
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

28/08/2025

1

Buy

$3.85

7.24%

Canaccord Genuity highlights Ramelius Resources delivered a very strong FY25 result with 81% EBITDA growth, 110% free cash flow growth and a debt-free balance sheet.

FY25 revenue was 1% higher than the broker's forecast and net profit beat by 5%. Hedging was modest at 24% of FY26 production and at prices below spot, but balance sheet strength offsets risk in the broker's view.

The company will provide FY26 guidance and 5-year plan in the December quarter. The broker is forecasting production of 200koz at cost of $1,673/oz vs consensus of 214koz at $1,707/oz cost, but sees upside risk from Dalgaranga restart potential.

Buy. Target trimmed to $3.85 from $3.95.
Access Extra Coverage Research History >

RMS STOCK CHART

FNArena News on RMS

1
Australian Broker Call *Extra* Edition – Aug 28, 2025

Aug 28 2025 - Daily Market Reports
2
FNArena Corporate Results Monitor – 26-08-2025

Aug 26 2025 - Australia
3
Australian Broker Call *Extra* Edition – Aug 06, 2025

Aug 06 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – May 05, 2025

May 05 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 02-05-25

May 05 2025 - Weekly Reports

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