Ramelius Resources (RMS) Stock Overview
Engages in the exploration, evaluation, mine development and operation, production, and sale of gold. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 5/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
RMS Community Fair Values
Create NarrativeSee what 96 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
AU$7.18
FV
51.0% undervalued intrinsic discount5.85%
Revenue growth p.a.
262
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Materials opportunity
ST
Fair Value from
CA$5.0768.0% undervalued intrinsic discount
An Undervalued 3.3Moz Gold Project in Canada
Key takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.
Read full narrativeRamelius Resources Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$3.52 |
| 52 Week High | AU$5.16 |
| 52 Week Low | AU$2.28 |
| Beta | 1.3 |
| 1 Month Change | -14.15% |
| 3 Month Change | -18.89% |
| 1 Year Change | 22.65% |
| 3 Year Change | 163.67% |
| 5 Year Change | 102.30% |
| Change since IPO | 2,100.01% |
Recent News & Updates
Narrative Update • May 02
RMS: Conviction List Inclusion Will Support Future Upside Potential
Analysts have made a small adjustment to the Ramelius Resources price target, trimming it by A$0.02. This reflects updated views on fair value, discount rate, revenue growth, profit margins and future P/E after the stock was recently added to the APAC Conviction List by a major broker.Narrative Update • Apr 18
RMS: Future Production Delivery And Index Inclusion Will Support Upside Potential
The updated analyst price target for Ramelius Resources has moved from about A$5.38 to A$5.61. This change reflects mixed recent research views, with some analysts citing stronger revenue growth, higher profit margin assumptions, and a lower future P/E, while others maintain a more cautious stance.
Narrative Update • Apr 03
RMS: Index Inclusion And Production Guidance Will Support Future Returns
Analysts have nudged their fair value estimate for Ramelius Resources slightly higher to A$6.21, reflecting updated assumptions around revenue growth, profit margins and a higher future P/E. This revision was informed by recent mixed research that includes both a downgrade and Ramelius being added to an APAC Conviction List.Recent updates
Narrative Update • May 02
RMS: Conviction List Inclusion Will Support Future Upside Potential
Analysts have made a small adjustment to the Ramelius Resources price target, trimming it by A$0.02. This reflects updated views on fair value, discount rate, revenue growth, profit margins and future P/E after the stock was recently added to the APAC Conviction List by a major broker.Narrative Update • Apr 18
RMS: Future Production Delivery And Index Inclusion Will Support Upside Potential
The updated analyst price target for Ramelius Resources has moved from about A$5.38 to A$5.61. This change reflects mixed recent research views, with some analysts citing stronger revenue growth, higher profit margin assumptions, and a lower future P/E, while others maintain a more cautious stance.Narrative Update • Apr 03
RMS: Index Inclusion And Production Guidance Will Support Future Returns
Analysts have nudged their fair value estimate for Ramelius Resources slightly higher to A$6.21, reflecting updated assumptions around revenue growth, profit margins and a higher future P/E. This revision was informed by recent mixed research that includes both a downgrade and Ramelius being added to an APAC Conviction List.Narrative Update • Mar 20
RMS: Future Production Delivery Will Support Share Upside Potential
Analysts have lifted their fair value estimate for Ramelius Resources from A$4.33 to about A$5.38, reflecting updated views on revenue growth, margins and future P/E, following recent mixed ratings that include both a downgrade and an upgrade with an A$5.35 price target. Analyst Commentary Bullish Takeaways Bullish analysts highlight valuation appeal, pointing to the A$5.35 price target as aligned with their updated view of fair value in the mid A$5 range.
Narrative Update • Mar 06
RMS: Share Buyback Will Face Execution Risk And Overvaluation Concerns
Analysts have lifted their fair value estimate for Ramelius Resources from A$3.50 to A$3.90, reflecting updated assumptions on revenue growth, profit margins and a higher future P/E multiple following mixed recent research that includes both a downgrade and an upgrade with a A$5.35 price target. Analyst Commentary Street research on Ramelius Resources is mixed, with some analysts taking a more optimistic stance while others highlight risks that they believe are not fully reflected in the share price.Narrative Update • Feb 19
RMS: Buyback And Long Term Production Plan Will Support Future Returns
The analyst price target for Ramelius Resources has been trimmed by A$0.30 as analysts balance a slightly lower fair value and profit margin outlook with updated P/E assumptions and mixed recent research views, including a downgrade from Macquarie and an upgrade to Buy from Goldman Sachs citing valuation and longer term production growth. Analyst Commentary Street research on Ramelius Resources is split, but there is a clear pocket of optimism from bullish analysts who are focusing on valuation support and the company’s longer term production profile.Analysis Article • Feb 15
Are Investors Undervaluing Ramelius Resources Limited (ASX:RMS) By 33%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Ramelius Resources fair value estimate is AU$6.77 Ramelius...Narrative Update • Feb 05
RMS: Buyback And Production Expansion Will Support Future Share Returns
Analysts have lifted their fair value estimate for Ramelius Resources from A$6.05 to A$6.50, citing updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple following recent mixed broker views. Analyst Commentary Recent research on Ramelius Resources shows a mix of views, with some bullish analysts focusing on valuation support and the company’s growth profile, while others are more cautious.Narrative Update • Jan 22
RMS: Production Growth And Buyback Plan Will Support Future Returns
Analysts have lifted their fair value estimate for Ramelius Resources from A$5.76 to A$6.05, citing revised assumptions on revenue, profit margins and future P/E, alongside recent research that highlights past underperformance and longer term production growth forecasts as key supports for the higher price target. Analyst Commentary Bullish analysts point to recent fair value and price target moves as a sign that expectations for Ramelius Resources are firming, with the latest research tying higher valuations to updated assumptions on revenue, margins and future P/E multiples.Narrative Update • Jan 08
RMS: Share Buyback Will Contrast With Higher Risk And Pressured Earnings Profile
Analysts have raised their price target on Ramelius Resources from A$2.60 to A$3.50, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E, which they view as better reflecting the company’s current risk and earnings profile. What's in the News The Board of Directors authorized a share buyback plan on December 10, 2025, indicating a decision to return capital to shareholders through repurchases over time (Key Developments).Narrative Update • Dec 14
RMS: Higher Gold Prices Will Support Stronger Margins And Cash Returns
Analysts have raised their fair value estimate for Ramelius Resources from A$3.85 to about A$5.76, reflecting higher assumed gold prices, stronger revenue growth and margins, but also a slightly higher discount rate and a lower future P E multiple as some now factor in stretched valuations and potential overestimation of near term production. Analyst Commentary Recent Street research shows a wide dispersion in views on Ramelius Resources, underscoring the importance of execution against production targets and capital allocation discipline.Narrative Update • Nov 30
RMS: Rising Gold Prices Will Support Share Upside Despite Production Risks
Analysts have marginally increased their price target for Ramelius Resources, with the consensus moving from A$4.31 to A$4.33. This reflects modest improvements in forecast revenue growth and profit margins amid updated sector outlooks.Analysis Article • Nov 18
Here's Why Shareholders Will Not Be Complaining About Ramelius Resources Limited's (ASX:RMS) CEO Pay Packet
Key Insights Ramelius Resources to hold its Annual General Meeting on 25th of November Total pay for CEO Mark Zeptner...Narrative Update • Nov 16
RMS: Gold Price Strength Will Drive Revenue Upside Despite Production Concerns
Analysts have updated their price target for Ramelius Resources, increasing it from A$4.22 to A$4.31. They cite improved gold price forecasts, despite ongoing concerns around production levels and valuation.Narrative Update • Nov 01
RMS: Rising Gold Prices Will Sustain Momentum Despite Output Concerns
Analysts have increased their average price target for Ramelius Resources from A$4.14 to A$4.22, citing improved gold price forecasts despite some concerns over near-term production and valuation stretch. Analyst Commentary Analyst sentiment for Ramelius Resources is mixed, reflecting both optimism tied to gold price trends and caution regarding the company's production outlook and valuation.Narrative Update • Oct 18
Record Gold Prices Will Expose Inflated Valuation Expectations
The analyst consensus price target for Ramelius Resources has increased from A$3.87 to A$4.14, as analysts anticipate that higher gold prices and improved profit margins will support stronger future growth, despite some concerns over near-term production levels. Analyst Commentary Analysts remain divided on the prospects for Ramelius Resources, reflecting both recent operational challenges and the favorable impact of higher gold prices on future performance.Analysis Article • Oct 10
Is Now The Time To Put Ramelius Resources (ASX:RMS) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Oct 04
Record Gold Prices Will Expose Inflated Valuation Expectations
The analyst consensus price target for Ramelius Resources has been raised from A$3.39 to A$3.87. This reflects analysts' increased optimism, driven by stronger gold prices and improved company fundamentals.Narrative Update • Sep 19
Record Gold Prices Will Expose Inflated Valuation Expectations
The notable increase in Ramelius Resources’ consensus analyst price target reflects a significant improvement in valuation, primarily driven by a sharp reduction in the forward P/E multiple, lifting fair value from A$3.22 to A$3.39 per share. What's in the News Ramelius Resources increased its fully franked final dividend to 5.0 cents per share, raising the total FY25 dividend to 8.0 cents per share, up 60% from FY24.Analysis Article • Sep 11
Ramelius Resources Limited (ASX:RMS) Shares Fly 28% But Investors Aren't Buying For Growth
Ramelius Resources Limited ( ASX:RMS ) shareholders would be excited to see that the share price has had a great month...Narrative Update • Sep 04
Record Gold Prices Will Expose Inflated Valuation Expectations
Despite a notable drop in Ramelius Resources’ future P/E ratio and a reduction in consensus revenue growth forecasts, the consensus analyst price target has remained unchanged at A$3.22. What's in the News Announced fully franked final dividend of 5.0 cents per share, bringing total FY25 dividend to 8.0 cents per share, a 60% increase from FY24.Analysis Article • Jul 23
Ramelius Resources Limited's (ASX:RMS) Shares Lagging The Market But So Is The Business
Ramelius Resources Limited's ( ASX:RMS ) price-to-earnings (or "P/E") ratio of 9.3x might make it look like a strong...Analysis Article • Jun 10
Is Now The Time To Put Ramelius Resources (ASX:RMS) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Narrative • Feb 20
Unsustainable High Grades At Cue And Penny Will Impact Future Earnings
Overperformance in grades may not sustain, potentially lowering production and net margins long-term amidst hard rock mining challenges.Shareholder Returns
| RMS | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 3.5% | 0.7% | 1.1% |
| 1Y | 22.6% | 52.7% | 7.2% |
Return vs Industry: RMS underperformed the Australian Metals and Mining industry which returned 52.7% over the past year.
Return vs Market: RMS exceeded the Australian Market which returned 7.2% over the past year.
Price Volatility
| RMS volatility | |
|---|---|
| RMS Average Weekly Movement | 8.3% |
| Metals and Mining Industry Average Movement | 12.1% |
| Market Average Movement | 10.6% |
| 10% most volatile stocks in AU Market | 17.4% |
| 10% least volatile stocks in AU Market | 4.5% |
Stable Share Price: RMS has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: RMS's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1979 | 250 | Mark Zeptner | www.rameliusresources.com.au |
Ramelius Resources Limited engages in the exploration, evaluation, mine development and operation, production, and sale of gold. The company operates through three segments: Mt Magnet, Edna May, and Exploration. It holds a portfolio of projects in Australia.
Ramelius Resources Limited Fundamentals Summary
| RMS fundamental statistics | |
|---|---|
| Market cap | AU$6.72b |
| Earnings (TTM) | AU$292.08m |
| Revenue (TTM) | AU$1.18b |
22.8x
P/E Ratio5.6x
P/S RatioIs RMS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RMS income statement (TTM) | |
|---|---|
| Revenue | AU$1.18b |
| Cost of Revenue | AU$487.19m |
| Gross Profit | AU$693.85m |
| Other Expenses | AU$401.77m |
| Earnings | AU$292.08m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.15 |
| Gross Margin | 58.75% |
| Net Profit Margin | 24.73% |
| Debt/Equity Ratio | 0% |
How did RMS perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield41%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/08 08:43 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ramelius Resources Limited is covered by 20 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dale Koenders | Barrenjoey Markets Pty Limited |
| Richard Knights | Barrenjoey Markets Pty Limited |
| Stephen Thomas | Bell Potter |