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

$3.48

06 Aug
2026

0.120

OPEN

$3.50

3.57%

HIGH

$3.55

10,486,241

LOW

$3.44

TARGET
$4.80

-0.03 change from previous day

 37.9% 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 10.1 xxx
DPS (cps) xxx 8.0 4.3 xxx
EPS Growth xxx 100.0% - 75.6% xxx
DPS Growth xxx 60.0% - 46.9% xxx
PE Ratio xxx N/A 36.0 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 19.5% 42.3% xxx

Dividend yield today if purchased 3 years ago: 6.48%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.21

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: 16/03 - ex-div 3.00c (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

1.0

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

30/06/2026

1

Buy

$5.80

66.67%

Against a backdrop of rising US bond yields, a stronger US dollar and profit taking, Morgans points out the gold price has fallen around -26% from its high in January.

After one of the "steepest" rallies in recent history, the current drawdown is noted by the analyst as largely in line with previous gold bull markets.

The broker continues to remain positive on gold and gold miners and considers the retracement in share prices as an opportunity. Morgans' near-term gold price forecast has been lowered to reflect the current spot price around US$4,000/oz.

Ramelius Resources is Buy rated with a new target price of $5.80 from $6.10, previously. Among mid-cap gold producers, it is the most preferred stock.

FORECAST
Morgans forecasts a full year FY26 dividend of 4.00 cents and EPS of 4.50 cents.
Morgans forecasts a full year FY27 dividend of 6.00 cents and EPS of 26.80 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Access Stockbroker Research History >
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

04/08/2026

1

Buy

$5.60

60.92%

Shaw and Partners maintains a Buy rating for Ramelius Resources with its target price reduced to $5.60 from $6.50 following a fourth-quarter operational update.

Fourth-quarter gold production reached 53.5koz at an all-in sustaining cost of $1,973/oz, lifting full-year FY26 output to 192koz to achieve operational volume guidance.

Strong underground ramp-up at Never Never contributed 40% of June quarter production, while underlying quarterly free cash flow generated $138m.

Closing cash and bullion reserves reached $650m alongside $100m in listed security investments, providing substantial balance sheet flexibility.

Lowering gold price assumptions and incorporating higher non-cash depreciation and amortisation leads to reduced earnings projections, though the analyst maintains an optimistic outlook on long-term production expansion across the Mt Magnet hub.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 5.00 cents and EPS of 11.80 cents.
Shaw and Partners forecasts a full year FY27 dividend of 7.00 cents and EPS of 29.50 cents.
Access Extra Coverage Research History >

RMS STOCK CHART

FNArena News on RMS

1
Australian Broker Call *Extra* Edition – Aug 04, 2026

Aug 04 2026 - Daily Market Reports
2
Rudi’s View: Pre-August Picks In Resources, Retail & Small Caps

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Next Week At A Glance – 6-10 Jul 2026

Jul 03 2026 - Weekly Reports
4
Rudi’s View: Best Buys & Conviction Calls In July

Jul 02 2026 - Rudi's View
5
Rudi’s View: The August Results Test Awaits

Jul 01 2026 - Rudi's View

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