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

$2.89

25 Jun
2026

-0.120

OPEN

$2.90

-3.99%

HIGH

$2.94

9,193,051

LOW

$2.85

TARGET
$5.10 76.5% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
RMS: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 6.4 18.1 xxx
DPS (cps) xxx 6.0 2.9 xxx
EPS Growth xxx - 84.4% 100.0% xxx
DPS Growth xxx - 25.0% - 52.2% xxx
PE Ratio xxx N/A 20.0 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx 93.5% 15.8% xxx

Dividend yield today if purchased 3 years ago: 4.35%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.66

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: 15/09 - ex-div 3.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx6.4
DPS All xxxxxxxxxxxxxxx6.0
Sales/Revenue xxxxxxxxxxxxxxx1,032.8 M
Book Value Per Share xxxxxxxxxxxxxxx208.0
Net Operating Cash Flow xxxxxxxxxxxxxxx543.4 M
Net Profit Margin xxxxxxxxxxxxxxx12.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx4.30 %
Return on Invested Capital xxxxxxxxxxxxxxx4.22 %
Return on Assets xxxxxxxxxxxxxxx3.44 %
Return on Equity xxxxxxxxxxxxxxx4.30 %
Return on Total Capital xxxxxxxxxxxxxxx14.50 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx173.6 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx19 M
Long Term Debt xxxxxxxxxxxxxxx60 M
Total Debt xxxxxxxxxxxxxxx79 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx608 M
Price To Book Value xxxxxxxxxxxxxxx1.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx315.8 M
Capex % of Sales xxxxxxxxxxxxxxx30.57 %
Cost of Goods Sold xxxxxxxxxxxxxxx582 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx109 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

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

04/05/2026

1

Buy

$5.30

83.39%

Ramelius Resources has revised FY26 capital expenditure guidance, with around $100m slipping into FY27 because of the timing of the Mount Magnet mill expansion.

AISC also moves higher because of the timing of commercial production at Dalgaranga. Ord Minnett highlights exploration results from the March quarter which revealed extensions to known high-grade underground sources near the Mount Magnet mill.

As a result, the mill's contribution has increased production estimates for FY27 by around 3-5% and the broker retains a Buy rating, raising the target to $5.30 from $5.00.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 5.50 cents and EPS of 19.10 cents.
Ord Minnett forecasts a full year FY27 dividend of 3.70 cents and EPS of 27.60 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

09/04/2026

1

Buy

$6.50

124.91%

Ramelius Resources delivered preliminary March quarter production results revealing 38,100 ounces.

Shaw and Partners points out March production continues to show sequentially falling FY26 production. The quarter was affected by a planned 6-day plant shutdown and high rainfall associated with Cyclone Narelle.

The delays have also bolstered the high-grade stockpiles which the company expects will contribute to a stronger fourth quarter as will a return to high-grade mining at the Cue pits.

FY26 production is expected around the midpoint of guidance of 18.5k-205k ounces.

The broker transfers coverage of Ramelius Resources to Alex Barkley. Buy rating and $6.50 target retained.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 5.00 cents and EPS of 23.40 cents.
Shaw and Partners forecasts a full year FY27 dividend of 10.50 cents and EPS of 46.90 cents.
Access Extra Coverage Research History >

RMS STOCK CHART

FNArena News on RMS

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