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Rana Gruber Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Gunnar Moe
Chief executive officer
NOK 4.4m
Total compensation
| CEO salary percentage | 72.65% |
| CEO tenure | 9.3yrs |
| CEO ownership | n/a |
| Management average tenure | 9.3yrs |
| Board average tenure | 2.7yrs |
Recent management updates
Recent updates
Narrative Update • Apr 21
RANA: Takeover Premium And Delisting Risk Will Likely Cap Future Returns
Analysts keep their price target for Rana Gruber steady at NOK 68, reflecting only minor adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions in their models. What's in the News Champion Iron Limited agreed on December 21, 2025 to acquire Rana Gruber ASA for NOK 2.9b, offering NOK 79 per share in cash, funded through a mix of new equity, senior debt and existing liquidity (Key Developments).Narrative Update • Apr 05
RANA: Index Removal And Capacity Production Will Likely Limit Future Upside
Analysts have kept their NOK 68.00 price target on Rana Gruber unchanged, citing broadly steady assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view. What's in the News Rana Gruber ASA was removed from the S&P Global BMI Index, which can affect how some index funds and benchmarked portfolios are exposed to the shares (Key Developments).Narrative Update • Mar 22
RANA: Stable Assumptions And Capacity Production Will Likely Constrain Future Upside
Analysts have kept their price target for Rana Gruber broadly unchanged at around NOK 68, citing stable assumptions on fair value, discount rate, revenue growth, profit margin and future P/E in their updated work. What's in the News Rana Gruber ASA reported production results for the fourth quarter of 2025, with iron ore concentrate output of 428,000 metric tonnes, compared with 478,000 metric tonnes in Q4 2024 (Key Developments).Narrative Update • Mar 07
RANA: Cash Offer Will Likely Limit Future Upside Versus Standalone Fundamentals
Analysts have maintained their NOK 68.0 price target for Rana Gruber, citing only minor adjustments to the discount rate, long-term growth, and expected future P/E as the main reasons for keeping their view unchanged. What's in the News Champion Iron Limited agreed to acquire Rana Gruber ASA for cash consideration of NOK 79 per share, implying total equity value of about NOK 2.93b, with funding from a NOK 1.01b private placement, a NOK 1.52b term loan, and remaining cash and undrawn credit facilities (Key Developments).Narrative Update • Feb 20
RANA: Cash Offer Will Likely Cap Upside Versus Standalone Fundamentals
Analysts have kept their NOK fair value for Rana Gruber effectively unchanged at NOK 68.0, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E that refine rather than materially shift their overall view. What's in the News Champion Iron Limited agreed to acquire Rana Gruber ASA for NOK 2.93b, offering NOK 79 per share in cash, with financing from a NOK 1.01b private placement, NOK 1.52b term loan, and NOK 370m from cash and existing credit facilities (Key Developments).Narrative Update • Feb 06
RANA: Cash Offer Will Limit Future Returns Versus Steady Fundamental Outlook
Analysts have kept their fair value estimate for Rana Gruber steady at NOK 68.0 per share. They cite only small adjustments to the discount rate and future P/E assumptions rather than any major change in the outlook.Narrative Update • Jan 22
RANA: Cash Offer And Unchanged Outlook Will Cap Future Share Upside
Analysts have kept their price target for Rana Gruber broadly unchanged at about NOK 68. This reflects only minor tweaks to inputs like discount rate, revenue growth, profit margin and future P/E assumptions, rather than a shift in their overall view of the company.Narrative Update • Jan 07
RANA: Acquisition Terms And Higher Discount Rate Will Limit Future Upside
Analysts now see lower implied upside for Rana Gruber, cutting their fair value estimate from NOK 80 to NOK 68 as they apply a higher discount rate, adjust revenue growth and margin assumptions, and factor in a lower forward P/E multiple. What's in the News Champion Iron Limited agreed to acquire Rana Gruber ASA in a cash transaction valued at NOK 2.9b, with part of the consideration allocated to common equity in Rana Gruber (Key Developments).
Narrative Update • Dec 15
RANA: Dividend And Hedging Strategy Will Support Future Share Price Upside
Narrative Update on Analyst Price Target Analysts have trimmed their target price for Rana Gruber by NOK 10 to NOK 80 per share. This reflects slightly lower expectations for revenue growth and a modestly higher discount rate, while largely maintaining their profit margin outlook.Analysis Article • Nov 15
Rana Gruber ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Rana Gruber ASA ( OB:RANA ) last week reported its latest third-quarter results, which makes it a good time for...Analysis Article • Sep 01
Investors Could Be Concerned With Rana Gruber's (OB:RANA) Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Analysis Article • Mar 29
Why Rana Gruber's (OB:RANA) Shaky Earnings Are Just The Beginning Of Its Problems
The subdued market reaction suggests that Rana Gruber ASA's ( OB:RANA ) recent earnings didn't contain any surprises...Analysis Article • Feb 14
Analyst Forecasts For Rana Gruber ASA (OB:RANA) Are Surging Higher
Rana Gruber ASA ( OB:RANA ) shareholders will have a reason to smile today, with the analysts making substantial...
New Narrative • Feb 09
Operational Challenges Will Reduce Future Profits In Iron Ore Production
Increased cash costs from maintenance and potential production cost challenges may impact net margins.Analysis Article • Sep 04
Rana Gruber's (OB:RANA) Shareholders May Want To Dig Deeper Than Statutory Profit
Rana Gruber ASA's ( OB:RANA ) healthy profit numbers didn't contain any surprises for investors. We believe that...Analysis Article • Aug 30
Earnings Miss: Rana Gruber ASA Missed EPS By 27% And Analysts Are Revising Their Forecasts
Last week saw the newest quarterly earnings release from Rana Gruber ASA ( OB:RANA ), an important milestone in the...Analysis Article • Feb 18
Results: Rana Gruber ASA Exceeded Expectations And The Consensus Has Updated Its Estimates
A week ago, Rana Gruber ASA ( OB:RANA ) came out with a strong set of full-year numbers that could potentially lead to...Analysis Article • Nov 18
Rana Gruber ASA (OB:RANA) Stock Catapults 32% Though Its Price And Business Still Lag The Market
The Rana Gruber ASA ( OB:RANA ) share price has done very well over the last month, posting an excellent gain of 32...Analysis Article • Nov 15
Returns On Capital Are A Standout For Rana Gruber (OB:RANA)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...Analysis Article • Feb 18
Rana Gruber ASA Just Beat EPS By 43%: Here's What Analysts Think Will Happen Next
It's been a good week for Rana Gruber ASA ( OB:RANA ) shareholders, because the company has just released its latest...Analysis Article • Feb 11
Rainbows and Unicorns: Rana Gruber ASA (OB:RANA) Analysts Just Became A Lot More Optimistic
Rana Gruber ASA ( OB:RANA ) shareholders will have a reason to smile today, with the analysts making substantial...Analysis Article • Jan 27
Analysts Just Shipped A Sizeable Upgrade To Their Rana Gruber ASA (OB:RANA) Estimates
Celebrations may be in order for Rana Gruber ASA ( OB:RANA ) shareholders, with the analysts delivering a significant...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | NOK 4m | NOK 3m | NOK 300m |
| Sep 30 2025 | n/a | n/a | NOK 330m |
| Jun 30 2025 | n/a | n/a | NOK 295m |
| Mar 31 2025 | n/a | n/a | NOK 367m |
| Dec 31 2024 | NOK 4m | NOK 3m | NOK 371m |
| Sep 30 2024 | n/a | n/a | NOK 492m |
| Jun 30 2024 | n/a | n/a | NOK 541m |
| Mar 31 2024 | n/a | n/a | NOK 526m |
| Dec 31 2023 | NOK 4m | NOK 3m | NOK 490m |
| Sep 30 2023 | n/a | n/a | NOK 571m |
| Jun 30 2023 | n/a | n/a | NOK 510m |
| Mar 31 2023 | n/a | n/a | NOK 562m |
| Dec 31 2022 | NOK 4m | NOK 3m | NOK 484m |
Compensation vs Market: Gunnar's total compensation ($USD469.34K) is about average for companies of similar size in the Norwegian market ($USD662.39K).
Compensation vs Earnings: Gunnar's compensation has been consistent with company performance over the past year.
CEO
Gunnar Moe (66 yo)
9.3yrs
Tenure
NOK 4,365,000
Compensation
Mr. Gunnar Moe is Chief Executive Officer at Rana Gruber AS since 2017. He served as the Chief Executive Officer of MOMEK Group AS. Mr. Moe served as the Chief Executive Officer of Rana Gruber AS from 2010...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 9.3yrs | NOK 4.37m | no data | |
| Chief Financial Officer | 6.3yrs | NOK 3.20m | 0% NOK 0 | |
| Chief Operating Officer | 10.3yrs | NOK 3.16m | 0% NOK 0 | |
| Head of HR | no data | NOK 2.46m | 0.0018% NOK 53.5k | |
| Head of ESG | no data | NOK 2.47m | 0.0016% NOK 47.4k | |
| Head of IT | no data | NOK 2.48m | 0.0014% NOK 39.5k | |
| Investor Relations & Controller | no data | no data | no data | |
| Chief Geologist | 9.3yrs | no data | no data |
9.3yrs
Average Tenure
52yo
Average Age
Experienced Management: RANA's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 6.3yrs | NOK 712.00k | 0% NOK 0 | |
| Independent Director | 2yrs | NOK 478.00k | no data | |
| Independent Director | 5.3yrs | NOK 478.00k | 0.0081% NOK 235.2k | |
| Independent Director | 2yrs | no data | no data | |
| Deputy Director | no data | no data | no data | |
| Independent Director | 5.8yrs | NOK 214.00k | 0% NOK 0 | |
| Independent Director | 5.3yrs | NOK 478.00k | 0% NOK 0 | |
| Deputy Director | no data | no data | no data | |
| Independent Director | 3.4yrs | NOK 214.00k | 0% NOK 0 | |
| Independent Director | 2yrs | NOK 478.00k | no data | |
| Independent Director | 1.8yrs | NOK 214.00k | no data | |
| Independent Director | 1.8yrs | NOK 214.00k | 0% NOK 0 |
2.7yrs
Average Tenure
59yo
Average Age
Experienced Board: RANA's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/27 20:07 |
| End of Day Share Price | 2026/04/27 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Rana Gruber ASA is covered by 2 analysts. 0 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 |
|---|---|
| Niclas Gehin | DNB Carnegie |
| Marcus Gavelli | Pareto Securities |