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Ramelius Resources Limited ( (AU:RMS) ) has shared an announcement.
Ramelius Resources Limited has provided an update on its on-market share buy-back program, confirming that 159,368 ordinary fully paid shares were repurchased on the previous trading day, bringing the total number of shares bought back to date from zero to this new figure. The ongoing daily buy-back activity underscores the company’s current capital management strategy, potentially supporting earnings per share and signalling confidence in the company’s valuation to existing and prospective shareholders.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$4.60 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-listed company in the mining sector, with its ordinary fully paid shares trading on the ASX under the code RMS. The company operates within the resources industry, and its shareholder base is primarily composed of investors in the Australian equity market focused on resource and mining stocks.
Average Trading Volume: 11,792,248
Technical Sentiment Signal: Buy
Current Market Cap: A$8.03B
Learn more about RMS stock on TipRanks’ Stock Analysis page.