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Ramelius Resources Limited ( (AU:RMS) ) has issued an update.
Ramelius Resources Limited has increased its stake in Spartan Resources Limited from 19.9% to 20.95% through an off-market takeover offer. This acquisition reflects Ramelius’s strategic move to consolidate its position in the gold mining sector, potentially enhancing its operational capabilities and influence within the industry.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 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 on the exploration and production of gold. The company is known for its gold mining operations and has a market focus on expanding its resource base and production capabilities.
Average Trading Volume: 9,406,688
Technical Sentiment Signal: Buy
Current Market Cap: A$2.76B
For detailed information about RMS stock, go to TipRanks’ Stock Analysis page.