2151 GMT - Ramelius Resources has demonstrated the benefit of high-grade material entering its Mt Magnet mill in Australia. Ord Minnett expects this trend to continue as Ramelius adds ore from the Dalgaranga deposit to the mix over time and moves closer to annual output of 500,000 oz of gold by FY 2030. Analyst Paul Kaner says Ramelius trades on a price-to-net asset value of 1.1x, comparing favorably to peers which have a multiple of 1.4x. "We anticipate outperformance on continued growth/free cash flow delivery and organic news flow which could highlight upside relative to the conservative 5-year plan (in our view), Ord Minnett says. It retains a buy call, but a 50% share-price rise since early November prompts the bank to remove Ramelius from its Analyst Conviction List. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 01, 2026 16:51 ET (21:51 GMT)
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