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Ramelius Resources Limited (AU:RMS)
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Ramelius Resources Limited (RMS) AI Stock Analysis

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AU:RMS

Ramelius Resources Limited

(Sydney:RMS)

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Outperform 76 (OpenAI - 4o)
Rating:76Outperform
Price Target:
AU$4.00
â–˛(23.08% Upside)
Ramelius Resources Limited demonstrates strong financial performance, with robust growth and profitability, low leverage, and strong cash generation. The technical analysis suggests potential for a rebound, and the valuation metrics indicate the stock may be undervalued. The earnings call provided positive insights into operational performance and strategic initiatives, despite some challenges. Overall, the company is well-positioned for future growth.

Ramelius Resources Limited (RMS) vs. iShares MSCI Australia ETF (EWA)

Ramelius Resources Limited Business Overview & Revenue Model

Company DescriptionRamelius Resources Limited (RMS) is an Australian mining company primarily engaged in the exploration, development, and production of gold and other minerals. Headquartered in Perth, the company operates several gold mining projects and is involved in both open-pit and underground mining operations. RMS focuses on sustainable mining practices and aims to create value for its stakeholders through responsible resource management and community engagement.
How the Company Makes MoneyRamelius Resources generates revenue primarily through the sale of gold produced at its mining operations. The company operates multiple gold mines, from which it extracts and processes ore to produce gold bars for sale in the global market. Key revenue streams include gold sales, which are influenced by global gold prices, operational efficiency, and production volume. Ramelius also engages in exploration activities to discover new mineral resources, which can lead to the development of new mining projects and additional revenue opportunities. Strategic partnerships with other mining and exploration companies may enhance its operational capabilities and expand its market reach.

Ramelius Resources Limited Earnings Call Summary

Earnings Call Date:Aug 24, 2025
(Q4-2025)
|
Next Earnings Date:Feb 24, 2026
Earnings Call Sentiment Positive
The earnings call highlights Ramelius Resources' strong operational and financial performance, with record production and cash flow, successful integration with Spartan Resources, and significant investment in exploration. However, the call also acknowledges challenges such as safety incidents, the transition of Edna May to care and maintenance, and the deferral of FY '26 guidance.
Q4-2025 Updates
Positive Updates
Record Gold Production
Ramelius achieved a record gold production of just over 301,000 ounces at a peer-leading, all-in sustaining cost of AUD 1,551 per ounce for FY '25.
Strong Financial Performance
The company generated record operating cash flow of $771 million and underlying free cash flow of just under $700 million, with a closing cash and gold balance of $809.7 million.
Successful Integration with Spartan Resources
The transformational combination with Spartan Resources has been progressing seamlessly, with the integration expected to enhance exploration activities and financial strength.
Exploration Investment
Ramelius plans to invest $80 million to $100 million in exploration in FY '26, effectively doubling the expenditure compared to FY '25.
Low Production Costs
The all-in sustaining cost for the quarter was $1,339 per ounce, with Mt Magnet being one of the lowest-cost production centers in Australia at $1,310 per ounce.
Negative Updates
Safety Incidents
The June quarter saw one Lost Time Injury (LTI) and four Restricted Work Injuries (RWIs), indicating a reversal of the previous trend in safety performance.
Edna May Transition to Care and Maintenance
Edna May produced only 1,000 ounces at a high all-in sustaining cost of $2,892 and has transitioned into care and maintenance.
Deferred Full Year Guidance for FY '26
The company has deferred providing full-year production and cost guidance for FY '26 due to the timing of the Spartan transaction and ongoing integration work.
Company Guidance
During the Ramelius Resources June 2025 Quarterly Conference Call, CEO Mark Zeptner highlighted the company's strong performance, noting a record production of 301,664 ounces of gold at an all-in sustaining cost of AUD 1,551 per ounce. The fourth quarter alone saw 73,454 ounces produced at a low cost of AUD 1,339 per ounce, generating AUD 229 million in operating cash flow. The cash and gold reserves closed at AUD 809.7 million, despite a maiden interim dividend payout and tax prepayments. Exploration expenditure for FY '26 is set between AUD 80 million to AUD 100 million, aiming to capitalize on high-grade opportunities, particularly at the Mt Magnet hub. The company deferred FY '26 production and cost guidance due to the ongoing integration of Spartan Resources, with extended guidance expected by December 2025. This integration aims to optimize the processing of Dalgaranga ore, with a target production of 500,000 ounces per annum by FY '30.

Ramelius Resources Limited Financial Statement Overview

Summary
Ramelius Resources Limited demonstrates strong financial health with significant revenue and profit growth, robust margins, and a solid balance sheet. The company maintains low leverage and high equity, and cash flow generation is excellent, supporting operations and growth initiatives. These elements suggest a positive financial outlook.
Income Statement
85
Very Positive
Ramelius Resources Limited has demonstrated strong revenue growth with an increase from $631M in 2023 to $883M in 2024, representing a 40% growth rate. The gross profit margin improved to 35.5% from 18.1% in 2023, indicating enhanced operational efficiency. The net profit margin increased significantly to 24.5% compared to 9.8% in 2023, showcasing better cost management and profitability. EBIT and EBITDA margins also showed substantial improvements, highlighting strong core earnings performance.
Balance Sheet
78
Positive
The company maintains a solid equity base with a high equity ratio of 83.4% in 2024, reflecting financial stability. The debt-to-equity ratio is low at 0.008, indicating minimal leverage, which reduces financial risk. Return on equity (ROE) improved to 16.3% from 6.5% in 2023, driven by higher net income, reflecting efficient management of shareholder funds. The strong cash position with a negative net debt further enhances the balance sheet strength, although total liabilities increased slightly.
Cash Flow
82
Very Positive
Operating cash flow increased significantly to $455M in 2024 from $260M in 2023, demonstrating improved cash generation capabilities. The free cash flow to net income ratio is robust, indicating strong cash profitability relative to net income. Free cash flow grew substantially by 369% from $71M in 2023 to $332M in 2024, reflecting effective capital expenditure management. The operating cash flow to net income ratio is high, further indicating strong cash conversion efficiency.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.04B1.20B882.51M631.20M603.56M633.96M
Gross Profit479.65M695.04M313.54M114.46M117.48M180.15M
EBITDA607.43M804.41M464.56M260.32M208.84M340.89M
Net Income345.71M474.17M216.58M61.56M12.40M126.78M
Balance Sheet
Total Assets1.87B2.39B1.59B1.19B972.57M869.04M
Cash, Cash Equivalents and Short-Term Investments454.45M783.68M424.27M250.96M147.78M228.50M
Total Debt3.81M64.42M10.47M28.44M50.81M26.04M
Total Liabilities346.21M483.64M264.82M250.68M251.71M233.26M
Stockholders Equity1.52B1.91B1.33B940.25M720.87M635.78M
Cash Flow
Free Cash Flow528.22M610.33M331.63M70.59M12.13M139.70M
Operating Cash Flow662.28M770.83M454.77M259.95M158.01M305.24M
Investing Cash Flow-395.83M-326.19M-242.68M-120.78M-192.84M-183.35M
Financing Cash Flow-61.32M-85.23M-38.78M-35.99M-45.89M-59.06M

Ramelius Resources Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.25
Price Trends
50DMA
3.60
Negative
100DMA
3.10
Positive
200DMA
2.82
Positive
Market Momentum
MACD
-0.12
Positive
RSI
35.36
Neutral
STOCH
33.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RMS, the sentiment is Negative. The current price of 3.25 is below the 20-day moving average (MA) of 3.66, below the 50-day MA of 3.60, and above the 200-day MA of 2.82, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 35.36 is Neutral, neither overbought nor oversold. The STOCH value of 33.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RMS.

Ramelius Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
――16.83%24.12%46.42%99.69%
78
Outperform
AU$4.77B18.7116.68%0.80%30.46%―
76
Outperform
AU$6.26B7.9028.58%2.44%36.34%110.55%
74
Outperform
AU$4.82B20.4013.09%―130.98%―
65
Neutral
$3.17B35.9814.25%―17.59%0.98%
63
Neutral
AU$5.01B137.662.43%0.56%89.86%-81.65%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RMS
Ramelius Resources Limited
3.25
0.99
44.06%
AU:GOR
Gold Road Resources Ltd
3.48
1.57
81.91%
AU:EMR
Emerald Resources NL
4.80
0.68
16.50%
AU:RRL
Regis Resources Limited
6.30
3.70
141.94%
AU:WGX
Westgold Resources
5.30
2.20
71.24%
AU:VAU
Vault Minerals Limited
0.71
0.33
86.84%

Ramelius Resources Limited Corporate Events

Ramelius Resources Emphasizes Cultural Respect in 2025 Sustainability Report
Oct 24, 2025

Ramelius Resources Limited has released its 2025 Sustainability Report, emphasizing its commitment to acknowledging the Traditional Owners of the lands where it operates. The report highlights the company’s respect for cultural heritage and traditions, which is integral to its sustainability practices and community relations.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Releases Updated Corporate Governance Statement
Oct 24, 2025

Ramelius Resources Limited has released its corporate governance statement for the financial year ending 30 June 2025, which is available on their website. The statement confirms the company’s compliance with the ASX Corporate Governance Council’s recommendations, highlighting their commitment to transparency and accountability in management and oversight practices.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Releases 2025 Annual Report
Oct 24, 2025

Ramelius Resources Limited has released its 2025 Annual Report, highlighting its ongoing operations and strategic positioning within the mining sector. The report outlines the company’s leadership structure and emphasizes its commitment to maintaining a strong presence in the gold mining industry, which is crucial for its stakeholders and market positioning.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources to Hold 2025 Hybrid Annual General Meeting
Oct 24, 2025

Ramelius Resources Limited has announced its 2025 Annual General Meeting, scheduled for November 25, 2025, at the Perth Convention & Exhibition Centre. The meeting will be held in a hybrid format, allowing shareholders to attend either in person or virtually. Shareholders are encouraged to vote on resolutions via a poll and can participate in the meeting through a live webcast. The company emphasizes the importance of shareholder participation and provides detailed instructions for virtual attendance and proxy voting.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Issues New Securities Under Employee Scheme
Oct 24, 2025

Ramelius Resources Limited announced the issuance of 34,622 ordinary fully paid securities, which will be quoted on the ASX. These securities are part of an employee incentive scheme and are not subject to transfer restrictions, indicating a strategic move to enhance employee engagement and potentially improve operational performance.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources to Unveil Quarterly Report and Growth Strategy
Oct 23, 2025

Ramelius Resources Limited announced the upcoming release of its September 2025 Quarterly Activities Report and a 5 Year Growth Pathway, which includes FY26 Guidance and several key studies. The company will hold investor conference calls to discuss these reports, indicating a strategic focus on growth and integration, which may impact its market positioning and stakeholder interests.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Director Increases Stake Through Dividend Reinvestment
Oct 13, 2025

Ramelius Resources Limited announced a change in the director’s interest, with Natalia Streltsova acquiring additional shares through the company’s Dividend Reinvestment Plan. This change reflects the director’s increased stake in the company, potentially signaling confidence in the company’s future performance and aligning director interests with shareholder value.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Director Increases Stake Through Dividend Reinvestment
Oct 13, 2025

Ramelius Resources Limited has announced a change in the director’s interest, specifically involving David Clifford Southam. The change was due to the acquisition of 298 fully paid ordinary shares through the company’s Dividend Reinvestment Plan, which increased the total number of shares held by the director to 21,881. This adjustment reflects the director’s continued investment in the company, potentially signaling confidence in the company’s future performance and stability.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Director Increases Stake in Ramelius Resources Through Dividend Reinvestment
Oct 13, 2025

Ramelius Resources Limited announced a change in the director’s interest, with Robert Scott Vassie acquiring an additional 2,531 fully paid ordinary shares through the company’s Dividend Reinvestment Plan. This change reflects the director’s increased stake in the company, potentially signaling confidence in the company’s strategic direction and financial health, which may be of interest to stakeholders and investors.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces New Securities Quotation
Oct 13, 2025

Ramelius Resources Limited has announced the issuance of 9,774,718 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of October 13, 2025. This move is part of a dividend or distribution plan and may impact the company’s financial structure and market positioning, potentially affecting stakeholders and investors by enhancing liquidity and capital resources.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Issues New Securities Under Employee Incentive Scheme
Oct 10, 2025

Ramelius Resources Limited announced the issuance of 195,926 ordinary fully paid securities, which will be quoted on the ASX starting October 10, 2025. This issuance is part of an employee incentive scheme, reflecting the company’s ongoing efforts to motivate and retain its workforce, potentially impacting its operational efficiency and market positioning.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces Quotation of New Securities
Oct 10, 2025

Ramelius Resources Limited announced the quotation of 266,962 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 10, 2025. This move is part of an employee incentive scheme, potentially enhancing employee engagement and aligning their interests with the company’s growth objectives.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources to Quote New Securities on ASX
Oct 2, 2025

Ramelius Resources Limited has announced the application for the quotation of 59,005 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of an employee incentive scheme. This move is expected to enhance the company’s operational capabilities and potentially improve its market position by aligning employee interests with shareholder value.

The most recent analyst rating on (AU:RMS) stock is a Hold with a A$3.70 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Updates Dividend Distribution Announcement
Oct 2, 2025

Ramelius Resources Limited has updated its previous announcement regarding the dividend distribution for the period ending June 30, 2025. The update includes the Dividend Reinvestment Plan (DRP) issue price, which is relevant for stakeholders tracking the company’s financial distributions and investment strategies.

The most recent analyst rating on (AU:RMS) stock is a Hold with a A$3.70 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Schedules AGM and Director Nominations
Sep 30, 2025

Ramelius Resources Limited has announced that its next Annual General Meeting (AGM) will be held on November 25, 2025, where an election of directors will take place. The closing date for director nominations is set for October 7, 2025, and must be submitted in writing to the company’s registered office. This announcement is part of the company’s compliance with ASX listing rules and indicates a routine governance process, which may impact the company’s leadership structure and strategic direction.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Issues New Securities Under Employee Incentive Scheme
Sep 19, 2025

Ramelius Resources Limited has announced the issuance of 110,970 new ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) as of September 19, 2025. This issuance is part of an employee incentive scheme, indicating the company’s efforts to motivate and retain its workforce, potentially impacting its operational efficiency and market position positively.

The most recent analyst rating on (AU:RMS) stock is a Hold with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces Quotation of New Securities
Sep 19, 2025

Ramelius Resources Limited has announced the quotation of 174,828 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of an employee incentive scheme. This move is likely to enhance employee engagement and retention while potentially impacting the company’s stock liquidity and market perception positively.

The most recent analyst rating on (AU:RMS) stock is a Hold with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Citigroup Reduces Stake in Ramelius Resources
Sep 18, 2025

Citigroup Global Markets Australia Pty Limited has ceased to be a substantial holder in Ramelius Resources Limited as of September 16, 2025. This change in holdings reflects a decrease in relevant interest in Ramelius’ voting securities, impacting the company’s shareholder structure and potentially influencing market perceptions.

The most recent analyst rating on (AU:RMS) stock is a Hold with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Highlights Financial Metrics in Latest Presentation
Sep 14, 2025

Ramelius Resources Limited has released a presentation discussing its financial condition and operational results, highlighting the use of non-IFRS financial measures such as All-in Sustaining Cost (AISC) and Earnings before interest, taxes, depreciation, and amortisation (EBITDA). These metrics are intended to provide insights into the company’s financial performance, though they are not standardized under Australian Accounting Standards. The company emphasizes caution in relying on these measures, as they have not been audited and may differ from similar metrics used by other companies.

The most recent analyst rating on (AU:RMS) stock is a Hold with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces Quotation of New Securities
Sep 12, 2025

Ramelius Resources Limited has announced the quotation of 41,966 fully paid ordinary securities on the ASX, effective September 12, 2025. This move is part of an employee incentive scheme, which indicates the company’s commitment to rewarding its workforce and potentially enhancing employee engagement and retention.

The most recent analyst rating on (AU:RMS) stock is a Hold with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Highlights Financial and Operational Insights at Precious Metals Summit
Sep 9, 2025

Ramelius Resources Limited presented a report at the Precious Metals Summit, highlighting its financial condition and operational results. The company emphasized its use of non-IFRS financial information to provide insights into its performance, cautioning investors about the inherent risks and uncertainties in forward-looking statements. The report also confirmed the competence of its personnel in compiling exploration and resource data, ensuring transparency and reliability in its disclosures.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.64 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Advances Dalgaranga and Mt Magnet Hub Projects
Sep 9, 2025

Ramelius Resources Limited has announced significant progress in its Dalgaranga and Mt Magnet Hub projects. The company reported promising results from underground infill drilling at Dalgaranga, which supports the geological model and enhances the integration of the Dalgaranga underground mine into the Mt Magnet Hub. The company has also exercised its buy-back rights to reduce royalties on the Dalgaranga Gold Project, which is expected to positively impact its financials. The integration study for Dalgaranga is on track for completion by the December 2025 quarter, and the Rebecca-Roe Gold Project’s feasibility study will align with this timeline, contributing to Ramelius’ strategic 5-year plan.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.64 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Director Increases Stake Through Performance Rights Exercise
Sep 5, 2025

Ramelius Resources Limited announced a change in the interests of its director, Mark William Zeptner. On September 5, 2025, Zeptner exercised 730,917 vested unlisted Performance Rights, resulting in the acquisition of an equivalent number of fully paid ordinary shares. This transaction reflects an increase in Zeptner’s direct shareholding, which now totals 3,617,646 shares. The change highlights the director’s continued investment in the company, potentially signaling confidence in its future performance.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.64 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Expands Capital with New Securities Quotation
Sep 5, 2025

Ramelius Resources Limited has announced the application for quotation of 868,249 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move, part of an employee incentive scheme, is expected to enhance the company’s capital structure and potentially improve its market positioning, reflecting a strategic effort to align employee interests with shareholder value.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.64 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces ATO Ruling on Spartan Acquisition Tax Implications
Sep 5, 2025

Ramelius Resources Limited announced that the Australian Taxation Office has issued a Class Ruling regarding the tax implications for Spartan Resources Limited shareholders following Ramelius’s acquisition of Spartan through a Scheme of Arrangement. The ruling outlines that the exchange of Spartan shares for Ramelius shares and cash constitutes a capital gains tax event, with specific provisions for partial scrip for scrip rollover relief. This ruling affects the tax obligations of Spartan shareholders and provides guidance on calculating the cost base for the new Ramelius shares they received.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.64 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources to Quote New Securities on ASX
Sep 1, 2025

Ramelius Resources Limited has announced the application for quotation of 289,425 fully paid ordinary securities on the ASX, issued under an employee incentive scheme. This move is likely to enhance the company’s market presence and provide additional liquidity, potentially benefiting stakeholders by aligning employee interests with company performance.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources’ Record Earnings and Strategic Growth
Sep 1, 2025

Ramelius Resources Limited’s recent earnings call painted a picture of robust operational and financial health, underscored by record-breaking production figures and cash flow. The company celebrated its successful merger with Spartan Resources and committed to significant exploration investments. However, challenges such as safety incidents and the transition of Edna May to care and maintenance were also acknowledged, alongside the deferral of full-year guidance for FY ’26.

Ramelius Resources Announces New Securities Quotation
Aug 26, 2025

Ramelius Resources Limited has announced the application for the quotation of 46,963 ordinary fully paid securities on the Australian Securities Exchange, effective August 26, 2025. This issuance is part of an employee incentive scheme, indicating the company’s efforts to motivate and retain its workforce, which could strengthen its operational capabilities and market position.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.20 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces Quotation of New Securities
Aug 25, 2025

Ramelius Resources Limited has announced the application for the quotation of 256,722 ordinary fully paid securities on the Australian Securities Exchange (ASX). These securities are issued under an employee incentive scheme, which may impact the company’s market positioning by potentially enhancing employee engagement and retention.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.10 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Declares Final Dividend and Offers Reinvestment Plan
Aug 25, 2025

Ramelius Resources Limited announced a fully franked final dividend of A$0.05 per share for the year ending June 30, 2025. The company also detailed its Dividend Reinvestment Plan (DRP), allowing eligible shareholders to reinvest their dividends into Ramelius shares at a 2% discount to the 10-day volume weighted average price. This announcement is likely to enhance shareholder value and engagement, as it provides an opportunity for shareholders to increase their investment in the company without incurring transaction costs.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.19 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Reports Record Gold Production and Profit
Aug 25, 2025

Ramelius Resources Limited, a mid-tier Australian gold mining company, operates primarily in Western Australia with a focus on gold production, mine development, and exploration. In its 2025 financial year, Ramelius produced a record 301,664 ounces of gold at an All-in Sustaining Cost (AISC) of A$1,551 per ounce, achieving a statutory net profit after tax of $474.2 million, a 119% increase from the previous year. Key highlights include the successful commencement of operations at the Cue Gold Mine, which exceeded production expectations, and the release of a promising Pre-Feasibility Study for the Rebecca-Roe Gold Project. Additionally, the company completed the acquisition of Spartan Resources Limited, enhancing its asset portfolio with the Dalgaranga Operation. Looking ahead, Ramelius is focused on integrating its new acquisitions and advancing its development projects, with management optimistic about achieving its long-term production goals.

Ramelius Resources Releases 2025 Financial Results
Aug 25, 2025

Ramelius Resources Limited has released its 2025 financial year results presentation, highlighting the company’s financial performance and operational outcomes. The presentation includes non-IFRS financial information, such as production costs and EBITDA, which are intended to provide insights into the company’s financial condition. However, these measures are not standardized and should be interpreted with caution. The release underscores the company’s commitment to transparency in reporting exploration results, mineral resources, and ore reserves, with competent persons overseeing these disclosures.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.19 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Achieves Record Financial Performance in FY25
Aug 25, 2025

Ramelius Resources Limited reported a record net profit after tax of A$474.2 million for FY25, marking a 119% increase from the previous year. The company achieved record financial performance across various metrics, including EBITDA, earnings per share, and operating cash flow, driven by high-grade ore production and improved gold prices. A transformational combination with Spartan Resources Limited and the integration of the Dalgaranga deposit are expected to support future growth. The company declared a fully franked final dividend of 5.0 cents per share, contributing to a total FY25 dividend of 8.0 cents per share, up 60% from FY24.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.19 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Reports Strong Financial Growth in FY25
Aug 24, 2025

Ramelius Resources Limited reported a significant financial performance improvement for the year ending June 30, 2025, with revenue from ordinary activities increasing by 36% to $1.2 billion. The company’s net profit after tax rose by 119% to $474.2 million, showcasing strong operational efficiency and market positioning. The company declared fully franked dividends, with a final dividend of 5.0 cents per share and an interim dividend of 3.0 cents per share, highlighting its commitment to returning value to shareholders. The directors have recommended a final dividend for the 2025 financial year, further indicating confidence in the company’s financial health.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.19 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Issues New Securities Under Employee Incentive Scheme
Aug 22, 2025

Ramelius Resources Limited has announced the issuance of 52,458 ordinary fully paid securities, which will be quoted on the ASX starting August 22, 2025. This issuance is part of an employee incentive scheme, indicating the company’s ongoing efforts to motivate and retain its workforce, potentially impacting its operational efficiency and stakeholder confidence positively.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.19 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources to Announce FY25 Financial Results
Aug 21, 2025

Ramelius Resources Limited has announced that it will release its Full Year Financial Results for FY25 on August 25, 2025, before the market opens. The company’s Managing Director, Mark Zeptner, and General Manager of Finance, Ben Ringrose, will host a conference call to discuss these results, providing stakeholders with insights into the company’s financial performance and strategic direction.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.19 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces Quotation of New Securities
Aug 15, 2025

Ramelius Resources Limited has announced the application for the quotation of 135,702 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of August 15, 2025. This move is part of an employee incentive scheme, indicating the company’s strategy to motivate and retain talent, which could enhance its operational efficiency and market competitiveness.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces Quotation of New Securities
Aug 15, 2025

Ramelius Resources Limited has announced the quotation of 43,495 ordinary fully paid securities on the ASX, issued under an employee incentive scheme. This move is part of the company’s ongoing efforts to enhance its market presence and provide value to its stakeholders by aligning employee interests with company performance.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Lists New Securities on ASX
Aug 14, 2025

Ramelius Resources Limited announced the quotation of 43,711 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of an employee incentive scheme. This move is expected to enhance employee engagement and align their interests with the company’s growth objectives, potentially impacting the company’s operational dynamics and market positioning.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces Quotation of New Securities
Aug 13, 2025

Ramelius Resources Limited announced the quotation of 120,904 fully paid ordinary securities on the Australian Securities Exchange as part of an employee incentive scheme. This move is likely to enhance employee engagement and align their interests with the company’s performance, potentially impacting the company’s operations positively and strengthening its market position.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Updates Director’s Interest Notice
Aug 8, 2025

Ramelius Resources Limited has announced a change in the director’s interest notice, specifically regarding Mark William Zeptner’s holdings. The update reveals that 128,985 unvested unlisted Performance Rights have lapsed due to unmet performance conditions, impacting the overall securities held by the director. This change reflects the company’s adherence to performance-based incentives and could influence stakeholder perceptions regarding management accountability and performance metrics.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Announces Cessation of Performance Rights
Aug 8, 2025

Ramelius Resources Limited announced the cessation of 509,099 performance rights due to the lapse of conditional rights that were not satisfied. This cessation reflects a potential impact on the company’s capital structure, indicating a need for stakeholders to reassess their positions in light of these changes.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Issues New Securities Under Employee Incentive Scheme
Aug 8, 2025

Ramelius Resources Limited has announced the issuance of 32,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) as of August 8, 2025. This move is part of an employee incentive scheme, demonstrating the company’s commitment to rewarding its workforce and potentially enhancing its market position.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Issues New Securities Under Employee Incentive Scheme
Aug 7, 2025

Ramelius Resources Limited has announced the issuance of 8,155 fully paid ordinary securities under an employee incentive scheme. This move is part of the company’s strategy to motivate and retain its workforce, potentially enhancing operational efficiency and aligning employee interests with shareholder value.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Van Eck Associates Ceases Substantial Holding in Ramelius Resources
Aug 6, 2025

Ramelius Resources Limited has announced that Van Eck Associates Corporation has ceased to be a substantial holder in the company as of August 1, 2025. This change in substantial holding may impact the company’s shareholder structure and could influence its market perception, although the specific implications for stakeholders are not detailed in the release.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Appoints New Director with Significant Shareholding
Aug 5, 2025

Ramelius Resources Limited has announced the appointment of Deanna Jayne Carpenter as a director, effective from July 31, 2025. Carpenter holds 184,983 fully paid ordinary shares in the company, indicating a significant personal investment and potential influence on the company’s strategic direction.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Australian Retirement Trust Ceases Substantial Holding in Ramelius Resources
Aug 5, 2025

Ramelius Resources Limited announced that Australian Retirement Trust Pty Ltd has ceased to be a substantial holder in the company as of August 1, 2025. This change in substantial holding may impact the company’s shareholder structure and could have implications for its market perception and investor relations.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Completes Acquisition of Spartan Resources
Jul 31, 2025

Ramelius Resources Limited has successfully completed the acquisition of Spartan Resources Limited, integrating Spartan’s assets and team into its operations. This strategic move is expected to enhance Ramelius’ production capabilities and support its goal of becoming a 500,000-ounce producer within five years. The merger will result in the delisting of Spartan from the ASX, and several management changes have been implemented to facilitate the integration process.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Expands Market Presence with New Securities Quotation
Jul 31, 2025

Ramelius Resources Limited has announced the quotation of 752,904,179 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of previously announced transactions. This move is expected to strengthen the company’s financial position and potentially enhance its market valuation, reflecting its ongoing commitment to growth and expansion in the gold mining sector.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Updates on Proposed Securities Issue
Jul 30, 2025

Ramelius Resources Limited announced an update regarding the proposed issue of securities, which involves changes to the SPR share capital due to the conversion of performance rights. This development increases the potential number of RMS shares issued under the transaction, reflecting the company’s strategic efforts to optimize its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Reports June 2025 Quarterly Results
Jul 28, 2025

Ramelius Resources Limited has released its quarterly results for June 2025, highlighting its financial performance and operational achievements. The report includes non-IFRS financial information, such as All-in Sustaining Cost (AISC) and All-in Cost (AIC), which provide insights into the company’s cost management strategies. The company emphasizes that these figures have not been audited, and the results reflect the company’s ongoing commitment to maintaining transparency and efficiency in its operations.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources Advances with Spartan Scheme Approval
Jul 25, 2025

Ramelius Resources Limited announced the approval of a scheme of arrangement with Spartan Resources Limited by the Supreme Court of Western Australia. Under this scheme, eligible Spartan shareholders will receive cash and new Ramelius shares as consideration. The new shares have already commenced trading on a deferred settlement basis, with normal trading expected to begin on 1 August 2025. This strategic move is likely to enhance Ramelius’s market position and provide value to its stakeholders.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Ramelius Resources to Release June 2025 Quarterly Report
Jul 24, 2025

Ramelius Resources Limited announced that it will release its June 2025 Quarterly Activities Report on 29 July 2025. The company will hold an investor conference call, led by Managing Director Mark Zeptner and CFO Darren Millman, to discuss the quarter’s results, indicating ongoing transparency and engagement with stakeholders.

The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 24, 2025