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

$2.60

19 Jun
2025

-0.050

OPEN

$2.61

-1.89%

HIGH

$2.63

11,526,227

LOW

$2.56

TARGET
$2.947 13.3% upside
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 35.7 xxx
DPS (cps) xxx 5.0 9.5 xxx
EPS Growth xxx 100.0% 83.0% xxx
DPS Growth xxx 100.0% 90.0% xxx
PE Ratio xxx N/A 7.4 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 25.6% 26.6% xxx

Dividend yield today if purchased 3 years ago: 4.55%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.88

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

1.0

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Shaw and Partners

01/05/2025

1

Buy

$3.14

20.77%

Ramelius Resources reported production of 80.5koz of gold at an all-in-sustaining-cost of $1,492/oz in the March quarter, generating $223m in free cash flow, Shaw and Partners details.

Management's FY25 production guidance was upgraded to 290–300koz at $1,550–1,650/oz, driven by grade outperformance at Cue. The analyst forecasts 297.7koz at $1,589/oz with forward gold sales total 81koz at an average $3,216/oz.

The company ended the quarter with $657m in cash and gold, and $485m in listed investments including Spartan Resources, which the company plans to acquire fully under a July/August implementation.

The proposed merger would form a group with 12.1Moz resource and 500kozpa production target by FY30, the analyst notes.

Shaw and Partners' Buy rating maintained with a $3.14 price target.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 8.00 cents and EPS of 35.70 cents.
Shaw and Partners forecasts a full year FY26 dividend of 8.00 cents and EPS of 27.70 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

05/05/2025

1

Buy

$3.55

36.54%

Ramelius Resources' 3Q25 production was in line with Canaccord Genuity's forecast, and cost was -2% lower. The tightened production guidance for FY25 implied a 3.5% upgrade at midpoint, while the cost guidance was broadly unchanged.

The analyst, however, expects a slightly better outcome, forecasting FY25 production of 298kz at $1,553/oz vs the company's guidance midpoint of 295koz and cost of $1,600/oz.

The broker expects a cash balance of $775m at the end of FY25 based on free cash flow of $192m in 4Q.

Buy. Target unchanged at $3.55.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 12.00 cents and EPS of 37.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 8.00 cents and EPS of 28.00 cents.
Access Extra Coverage Research History >

RMS STOCK CHART

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