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An announcement from Ramelius Resources Limited ( (AU:RMS) ) is now available.
Ramelius Resources Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares under code RMS. The filing states that as of the latest reporting date, the company has bought back a cumulative 10,901,710 shares prior to the previous day, with an additional 1,513,459 shares repurchased on the previous trading day.
The update forms part of Ramelius’s daily buy-back reporting, indicating an active capital management program aimed at reducing the number of shares on issue. This ongoing buy-back activity may support earnings per share and signal confidence in the company’s valuation, with potential implications for shareholder value and the liquidity profile of its stock on the ASX.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$6.21 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 is an Australian gold mining company listed on the ASX under the code RMS, with its primary business focused on the exploration, development and production of gold. The company operates in the precious metals sector, targeting investors seeking exposure to gold through an established mid-tier producer in the Australian market.
Average Trading Volume: 9,179,897
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$8.16B
See more insights into RMS stock on TipRanks’ Stock Analysis page.