Ramelius Resources looks very cheap for a company that's going to generate A$1 billion of operating cash flow annually from FY28, says Euroz Hartleys. Investors have been leery about Ramelius's near-term capex, likely totaling some A$400 million in FY27. Output is forecast at 215,000 oz in FY27, up from 192,000 oz in FY26. Analyst Michael Scantlebury thinks the market should start to focus on Ramelius's cash flow from FY28. Ramelius forecasts A$410 million in dividends in FY29, representing a dividend yield of 6.7%. That's more than double the highest average yield of a gold stock. "We believe that the company will look to increase their share buyback by at least A$100 million (in the short term)," Ord Minnett says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments