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Canaccord Genuity Thinks Ramelius Resources Limited’s Stock is Going to Recover

According to TipRanks.com, McCormack is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -14.3% and a 23.3% success rate. McCormack covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Northern Star Resources Ltd, and Gold Road Resources Ltd.

Ramelius Resources Limited has an analyst consensus of Strong Buy, with a price target consensus of $1.23.

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Based on Ramelius Resources Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

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Ramelius Resources Ltd. engages in the development and exploration of mines. It also produces and sells gold. Its projects include Mount Magnet gold mine, Coogee gold, Vivien gold mine, Kathleen Valley gold, Coogee gold, Tanami JV, and Edna May. The company was founded on May 4, 1979 and is headquartered in Perth, Australia.

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