Ramelius Resources Limited

ASX:RMS Stock Report

Market Cap: AU$6.1b

Ramelius Resources Dividends and Buybacks

Dividend criteria checks 2/6

Ramelius Resources is a dividend paying company with a current yield of 2.48% that is well covered by earnings.

Key information

2.5%

Dividend yield

n/a

Buyback Yield

Total Shareholder Yieldn/a
Future Dividend Yield3.3%
Dividend Growth33.6%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio41%

Recent dividend and buyback updates

Recent updates

Narrative Update May 17

RMS: Conviction List Inclusion Will Drive Upside If Margin Execution Holds

Analysts have lifted their price target for Ramelius Resources from A$3.90 to A$4.40, citing updated assumptions on revenue growth, margins, and future P/E following its addition to a key APAC conviction list. Analyst Commentary The latest move to lift the price target to A$4.40 and add Ramelius Resources to a key APAC conviction list has put a spotlight on the stock, but not all commentary is upbeat.
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...
Analysis Article Apr 12

Ramelius Resources Limited (ASX:RMS) Shares Fly 26% But Investors Aren't Buying For Growth

Ramelius Resources Limited ( ASX:RMS ) shareholders have had their patience rewarded with a 26% share price jump in the...
Analysis Article Feb 21

If EPS Growth Is Important To You, Ramelius Resources (ASX:RMS) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
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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.
Analysis Article Nov 06

Here's Why We Think Ramelius Resources (ASX:RMS) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Aug 08

Benign Growth For Ramelius Resources Limited (ASX:RMS) Underpins Its Share Price

With a price-to-sales (or "P/S") ratio of 3.1x Ramelius Resources Limited ( ASX:RMS ) may be sending very bullish...
Analysis Article Apr 06

There's No Escaping Ramelius Resources Limited's (ASX:RMS) Muted Revenues Despite A 26% Share Price Rise

Ramelius Resources Limited ( ASX:RMS ) shareholders would be excited to see that the share price has had a great month...
Analysis Article Jan 30

Ramelius Resources Limited's (ASX:RMS) Share Price Matching Investor Opinion

With a price-to-earnings (or "P/E") ratio of 29.2x Ramelius Resources Limited ( ASX:RMS ) may be sending very bearish...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: RMS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: RMS's dividend payments have increased, but the company has only paid a dividend for 7 years.


Dividend Yield vs Market

Ramelius Resources Dividend Yield vs Market
How does RMS dividend yield compare to the market?
SegmentDividend Yield
Company (RMS)2.5%
Market Bottom 25% (AU)2.9%
Market Top 25% (AU)6.8%
Industry Average (Metals and Mining)3.2%
Analyst forecast (RMS) (up to 3 years)3.3%

Notable Dividend: RMS's dividend (2.48%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.86%).

High Dividend: RMS's dividend (2.48%) is low compared to the top 25% of dividend payers in the Australian market (6.82%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.5%), RMS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (37.7%), RMS's dividend payments are well covered by cash flows.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/19 15:06
End of Day Share Price 2026/05/19 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Dale KoendersBarrenjoey Markets Pty Limited
Richard KnightsBarrenjoey Markets Pty Limited
Stephen ThomasBell Potter