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

Reuters
04/04
BUZZ-Australia's Ramelius Resources rises to 1-week high; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> lifts PT

** 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;))

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