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Ramelius Resources Limited ( (AU:RMS) ) has provided an announcement.
Ramelius Resources Limited has announced an on-market buy-back of its ordinary fully paid shares, as per its latest notification to the ASX. This strategic move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a proactive approach in managing its financial resources.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.
More about Ramelius Resources Limited
Ramelius Resources Limited operates in the mining industry, focusing primarily on the exploration and production of gold. The company is listed on the Australian Securities Exchange (ASX) under the code RMS and is known for its fully paid ordinary shares.
Average Trading Volume: 15,221,550
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$6.81B
Learn more about RMS stock on TipRanks’ Stock Analysis page.