Ramelius Resources (ASX:RMS) Is Up 12.4% After Announcing A$250m Share Buyback Program

• On 10 December 2025, Ramelius Resources Limited (ASX:RMS) announced a share repurchase program of up to 73,964,497 shares, or 3.84% of issued capital, for A$250,000,000, running through to 23 June 2027.
• This buyback, approved by the Board, signals management’s willingness to return excess capital to shareholders and modestly reduce a share count that analysts previously expected to grow.
• Now we’ll examine how this sizeable capital return program reshapes Ramelius’s investment narrative, especially around future earnings per share and valuation.

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Ramelius Resources Investment Narrative Recap

To own Ramelius, you need to be comfortable owning a mid tier gold producer whose fortunes are tightly tied to gold prices and disciplined capital allocation. The new A$250,000,000 buyback does not change that core thesis, but it does slightly sharpen the near term focus on earnings per share and capital returns, while the key risk remains any setback to operations or a reversal in currently supportive gold pricing.

The buyback sits alongside a rapidly evolving capital return story, including Ramelius’s recent move to pay a fully franked final FY25 dividend of 5.0 cents per share, taking the full year payout to 8.0 cents. Together, dividends and repurchases indicate a shift toward returning more cash to shareholders, which interacts directly with the main short term catalyst of how consistently Ramelius can translate its current profitability and cash generation into sustainable payouts.

Yet against this improving capital return picture, investors still need to think carefully about the risk that...

Read the full narrative on Ramelius Resources (it's free!)

Ramelius Resources' narrative projects A$1.6 billion revenue and A$409.5 million earnings by 2028.

Uncover how Ramelius Resources' forecasts yield a A$4.33 fair value, a 4% upside to its current price.

Exploring Other Perspectives

Seven members of the Simply Wall St Community value Ramelius anywhere between A$1.68 and about A$18.35 per share, highlighting sharply different expectations. You can set those views alongside the company’s current buyback and dividend program, which both depend on Ramelius continuing to convert operations into strong cash generation over time.

Explore 7 other fair value estimates on Ramelius Resources - why the stock might be worth less than half the current price!

Build Your Own Ramelius Resources Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Ramelius Resources research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Ramelius Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Ramelius Resources' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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