Australia's Ramelius Resources rises to 1-week high; Macquarie lifts PT

Ramelius Resources

04/04/2025 02:20

** Shares of Ramelius Resources RMS.AX rise as much as 2.1% to A$2.47, their highest levels since March 28

** Macquarie lifts PT for the gold producer by 4% to A$2.60 on improved near-term earnings and maintains "outperform" recommendation

** Raises FY25 earnings per share estimate by 7%

** Co produced 80.5koz in 3QFY25, beating Macquarie and Visible Alpha estimates by 9% and 4%, respectively

** Average rating of five analysts "buy"; their median PT is A$2.60 – according to data compiled by LSEG

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))