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

$4.69

04 Feb
2026

0.220

OPEN

$4.60

4.92%

HIGH

$4.72

11,282,920

LOW

$4.55

TARGET
$5.472 16.7% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
RMS: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 41.1 19.2 xxx
DPS (cps) xxx 8.0 1.9 xxx
EPS Growth xxx 100.0% - 53.2% xxx
DPS Growth xxx 60.0% - 76.7% xxx
PE Ratio xxx N/A 22.7 xxx
Dividend Yield xxx N/A 0.4% xxx
Div Pay Ratio(%) xxx 19.5% 9.7% xxx

Dividend yield today if purchased 3 years ago: 8.21%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.83

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 5.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx41.1
DPS All xxxxxxxxxxxxxxx8.0
Sales/Revenue xxxxxxxxxxxxxxx1,203.2 M
Book Value Per Share xxxxxxxxxxxxxxx164.4
Net Operating Cash Flow xxxxxxxxxxxxxxx769.3 M
Net Profit Margin xxxxxxxxxxxxxxx39.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx29.32 %
Return on Invested Capital xxxxxxxxxxxxxxx28.85 %
Return on Assets xxxxxxxxxxxxxxx23.46 %
Return on Equity xxxxxxxxxxxxxxx29.32 %
Return on Total Capital xxxxxxxxxxxxxxx39.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx566.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx14 M
Long Term Debt xxxxxxxxxxxxxxx51 M
Total Debt xxxxxxxxxxxxxxx64 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx784 M
Price To Book Value xxxxxxxxxxxxxxx1.53

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx160.5 M
Capex % of Sales xxxxxxxxxxxxxxx13.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx533 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx16 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx506 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

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

02/02/2026

3

Downgrade to Neutral from Buy

$5.20

10.87%

UBS global strategy team has upgraded near-term gold pricing, viewing US$5,200/oz as sustainable for the balance of 2026, before "tapering".

Across the Australian stock coverage, gold equities are pricing between US$3,235/oz and US$4,200/oz compared to the broker's new peak forecast (US$5,200/oz).

The analyst downgrades Ramelius Resources to Neutral from Buy with a higher target of $5.20 from $4.20.

UBS lfts EPS forecasts by 24% for FY26 and 35% for FY27.

FORECAST
UBS forecasts a full year FY26 EPS of 22.00 cents.
UBS forecasts a full year FY27 EPS of 33.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$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

29/01/2026

1

Buy

$6.05

29.00%

December quarter production of 46koz from Ramelius Resources was -7% below Canaccord Genuity's estimate but in line with consensus, while AISCs of $1,997/oz tracked expectations and rose q/q on lower volumes.

Sales of 45.5koz generated $236m in revenue, with underlying free cash flow of $55m excluding tax and dividends, notes the broker.

At Dalgaranga development remains on schedule with first Never Never ore delivery to Mt Magnet targeted for MarQ 2026. Canaccord flags potential conservatism in 2H366 mining guidance.

Management's FY26 guidance was reiterated at 185-205koz at AISCs of $1,700-1,900/oz, with a strong balance sheet and liquidity of around $869m supporting ongoing growth and hedging flexibility.

Buy rating and $6.05 target unchanged.
Access Extra Coverage Research History >

RMS STOCK CHART

FNArena News on RMS

Latest Gold & Silver News

1
Gold: Bullish, But Breather Likely

Mar 09 2022 - Technicals
2
Australian Gold Stocks Undervalued

Dec 09 2021 - Feature Stories
3
Silver Investors Should Be So Lucky

Nov 23 2021 - Weekly Reports
4
Gold Outlook Improves: Are Stocks Cheap?

Sep 13 2021 - Commodities
5
Gold Risky At Present

Jul 21 2021 - Technicals
6
St Barbara’s Outlook Loses Its Lustre

May 19 2021 - Australia
7
Gold Stocks Ready To Shine Again

Dec 03 2020 - Australia
8
Catalysts Aplenty Ahead For Evolution Mining

Oct 28 2020 - Australia
9
Gold: Longer Term Upside

Oct 21 2020 - Technicals
10
Looking Elsewhere For Golden Value

Oct 15 2020 - Weekly Reports