RAMELIUS RESOURCES LIMITED (RMS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$4.51

14 Jan
2026

0.060

OPEN

$4.46

1.35%

HIGH

$4.51

5,766,182

LOW

$4.42

TARGET
$4.378 -2.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ALK . AMI . ASL . AUC . AUE . AWJ . BC8 . BEZ . BGL . BNZ . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DPM . EMR . EVN . EVR . FFM . FFM . FXG . GG8 . GGP . GMD . GPR . HGO . HRZ . IGO . KAI . KCN . KGL . MAT . MAU . MEI . MEK . MM8 . MML . NEM . NMG . NST . NVA . OBM . ORE . PDI . PNR . PRU . RRL . RSG . RXL . RXR . SBM . SMI . SS1 . STM . STN . SVL . TBR . TCG . TOR . TRE . TTM . USL . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
RMS: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 41.1 23.5 xxx
DPS (cps) xxx 8.0 3.5 xxx
EPS Growth xxx 100.0% - 42.9% xxx
DPS Growth xxx 60.0% - 56.5% xxx
PE Ratio xxx N/A 19.1 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx 19.5% 14.8% xxx

Dividend yield today if purchased 3 years ago: 7.37%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.78

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 16.415.61.57.019.541.1
DPS All 2.02.51.02.05.08.0
Sales/Revenue 460.4 M634.0 M603.6 M631.2 M882.5 M1,203.2 M
Book Value Per Share 63.978.183.194.9116.3164.4
Net Operating Cash Flow 234.2 M305.2 M158.0 M259.9 M452.6 M769.3 M
Net Profit Margin 24.64 %20.00 %2.05 %9.75 %24.54 %39.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed 28.56 %22.03 %1.83 %7.41 %19.09 %29.32 %
Return on Invested Capital 28.07 %21.59 %1.78 %7.26 %18.99 %28.85 %
Return on Assets 18.86 %15.35 %1.35 %5.69 %15.35 %23.46 %
Return on Equity 28.56 %22.03 %1.83 %7.41 %19.09 %29.32 %
Return on Total Capital 36.97 %28.27 %15.13 %12.27 %23.91 %39.53 %
Free Cash Flow ex dividends 106.3 M137.3 M19.7 M84.8 M350.7 M566.5 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 40 M17 M26 M18 M9 M14 M
Long Term Debt 14 M9 M25 M10 M1 M51 M
Total Debt 54 M26 M51 M28 M10 M64 M
Goodwill - Gross ------
Cash & Equivalents - Generic 169 M229 M148 M251 M424 M784 M
Price To Book Value 3.112.171.051.331.651.53

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex 139.6 M165.5 M145.9 M189.4 M123.1 M160.5 M
Capex % of Sales 30.32 %26.11 %24.17 %30.00 %13.95 %13.34 %
Cost of Goods Sold 298 M454 M486 M517 M595 M533 M
Selling, General & Admin. Exp & Other 6 M6 M9 M8 M11 M16 M
Research & Development ------
Investments - Total 1 M6 M6 M3 M100 M506 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

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Shaw and Partners

10/11/2025

1

Buy

$4.19

-7.10%

Shaw and Partners explains gold’s FY26 rally has been driven by expectations of further US rate cuts, ongoing geopolitical tension, and steady central bank buying. Prices surged to a quarterly high of around US$3,858/oz by September 30.

ASX-listed producers realised an average $5,032/oz, up $167 quarter-on-quarter, though higher costs lifted AISC to -$2,569/oz, reducing margins to $2,463/oz.

Average cash build fell to $51m, but the broker expects margins will recover in 2H26 as production increases.

The analysts recommend maintaining exposure to the gold sector, with Ramelius Resources and Genesis Minerals as core holdings, complemented by a selected basket of preferred developers for additional leverage.

The broker's preferred developers (all with Buy ratings) include Antipa Minerals ((AZY)), Astral Resources ((AAR)), Brightstar Resources ((BTR)), Golden Horse Minerals ((GHM)), Lunnon Metals ((LM8)), Magnetic Resources ((MAU)), Santana Minerals ((SMI)), Southern Cross Gold Consolidated ((SX2)), and Sunstone Metals ((STM)).

The $4.19 target and Buy rating are kept for Ramelius Resources.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 11.00 cents and EPS of 35.40 cents.
Shaw and Partners forecasts a full year FY27 dividend of 12.00 cents and EPS of 39.30 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$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

13/01/2026

1

Buy

$6.05

34.15%

Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker's long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.

The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz. 

Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.

The broker notes Ramelius Resources delivered December production in line with consensus and remains on track for FY26 guidance of 185-205koz. Cash declined due to tax and dividend payments, but underlying free cash flow was a solid $67m.

Buy. Target rises to $6.05 from $5.80.
Access Extra Coverage Research History >

RMS STOCK CHART

FNArena News on RMS

1
Australian Broker Call *Extra* Edition – Jan 15, 2026

1:21 PM - Daily Market Reports
2
Rudi’s View: Best Buys & Favourites For 2026

Dec 24 2025 - Rudi's View
3
Rudi’s View: AI, Small Caps & Resources In 2026

Dec 18 2025 - Rudi's View
4
Rudi’s View: Copper, Aluminium & Technology (!)

Dec 11 2025 - Rudi's View
5
Rudi’s View: Momentum Favours Resources

Dec 04 2025 - Rudi's View

Latest Gold & Silver News

1
Evolution Mining Ready To Trend High

Dec 02 2025 - Technicals
2
Genesis Minerals Ready To Resume Uptrend

Nov 11 2025 - Technicals
3
Thumbs Up For Ramelius’ Ambitious Plans

Nov 06 2025 - Commodities
4
Australian Broker Call *Extra* Edition – Oct 20, 2025

Oct 20 2025 - Daily Market Reports
5
Compelling Story Drives Pantoro Gold Rally

Oct 06 2025 - Commodities
6
Vault’s Cash Flow Potential ‘Under-Appreciated’

Sep 25 2025 - Commodities
7
Trend Remains Positive For Newmont Corp

Aug 19 2025 - Technicals
8
Aurelia Metals’ Shift To Copper Excites

Jul 11 2025 - Commodities
9
Plenty Of Potential For Greatland Resources

Jul 04 2025 - Commodities
10
Evolution’s Pullback An Opportunity?

Jul 01 2025 - Technicals