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: 0.02
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

$2.84

16 Apr
2025

0.180

OPEN

$2.69

6.77%

HIGH

$2.84

10,671,343

LOW

$2.67

TARGET
$2.763 -2.7% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
RMS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 19.5 35.3 xxx
DPS (cps) xxx 5.0 8.5 xxx
EPS Growth xxx 100.0% 80.6% xxx
DPS Growth xxx 100.0% 70.0% xxx
PE Ratio xxx N/A 8.1 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 25.6% 24.1% xxx

Dividend yield today if purchased 3 years ago: 3.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.75

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

0.8

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

04/04/2025

1

Outperform

$2.60

-8.45%

Ramelius Resources announced preliminary 3Q25 results, including production of 80.5koz, which was above Macquarie's estimate by 9% and above consensus by 4%, with robust output from Mt Magnet and Edna May, the analyst details.

Pre-tax free cash flow came in at $223m, which was higher than the broker's estimate by 21% and 7% above consensus forecast.

Cash and gold balance finished the period up at $657m from $501.7m in the previous quarter.

Macquarie lifts FY25 EPS forecast by 7% and FY26 by 10%, with an accompanying rise in the target price of 4% to $2.60.

No change to Outperform rating.

FORECAST
Macquarie forecasts a full year FY25 dividend of 9.00 cents and EPS of 35.50 cents.
Macquarie forecasts a full year FY26 dividend of 1.00 cents and EPS of 12.50 cents.

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
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

13/04/2025

1

Buy

$3.55

25.00%

Canaccord Genuity revised forecasts for precious metals prices, and provided estimates for production and costs ahead of the March quarter update.

The broker lifted gold price forecasts in USD for the March quarter by 7.7% and around 10-12% each year until 2028, with the long-term price raised by 11.5%.

The AUD/USD forecasts were lowered until 2027, and left unchanged after that. This resulted in a bigger lift in gold price in AUD terms until 2027, with the forecasts thereafter in line with increases in USD price.

Silver prices were raised for the March quarter in USD terms but lowered for the rest of the forecast period, resulting in an increase in AUD terms until 2026, but lower from 2028.

For Ramelius Resources, the broker is forecasting a March quarter production of 80koz vs a consensus of 79. The forecast for costs is $1,515/oz vs consensus of $1,482koz.

Buy. Target price rises to $3.55 from $2.90.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 8.00 cents and EPS of 32.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 6.00 cents and EPS of 21.00 cents.
Access Extra Coverage Research History >

RMS STOCK CHART

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