The gold miner is up 6.98% to $3.83 in midday trade on Monday after releasing its latest update to the market.

However, the stock is still down around 8% since the start of 2026.

So, what's behind the sudden buying?

Gold output could triple by FY30

According to the release, Ramelius expects to produce between 205,000 and 225,000 ounces of gold in FY27.

All-in sustaining costs (AISC) are forecast at between $2,150 and $2,350 per ounce.

From there, though, production is expected to really start stepping up.

Ramelius is guiding for 250,000 to 300,000 ounces in FY28, before climbing again to 410,000 to 460,000 ounces in FY29.

By FY30, the company is targeting annual production of 560,000 to 610,000 ounces, with AISC of $2,100 to $2,400 per ounce.

That would be 11% above its previous FY30 production plan and around 205% higher than FY26 output.

A lot of that growth should come from Mt Magnet, which could produce 420,000 to 460,000 ounces in FY30.

Rebecca-Roe is expected to contribute another 140,000 to 150,000 ounces that year.

Ramelius is spending heavily to get there

Of course, getting production up to those levels won't be cheap.

Ramelius expects growth capital expenditure of between $480 million and $570 million in FY27.

A large chunk of that is set to go towards Mt Magnet.

The cost of expanding the processing plant has now increased to around $280 million, up from the previous estimate of $223 million.

The company said the increase reflects higher costs, greater fixed-price coverage, and extra infrastructure work.

The expanded plant is targeted for completion in the December 2027 quarter and should lift total throughput to 4.3Mtpa.

Commercial production is expected to start in the March 2028 quarter.

Ramelius has plenty of firepower

The good news is Ramelius isn't heading into this spending phase short on funding.

The company said its cash, gold, and investment holdings currently sit above $1 billion.

That includes proceeds from the recent Edna May hub sale, which brought in $210 million in cash and another $90 million worth of Forrestania Resources Ltd (ASX: FRS) shares.

Ramelius said the growth plan remains fully funded, which gives it a bit more breathing room while spending ramps up.

Management also expects the stronger production profile to start showing up in cash flow later in the decade.

By FY30, Ramelius is forecasting free cash flow of as much as $1.5 billion, based on a gold price of $5,500 per ounce.

The post Why is this ASX gold share rocketing 7% on Monday? appeared first on The Motley Fool Australia.

One is charging ahead of the 0.2% losses posted by the ASX 200 in morning trade on Monday, while the other two are trailing that performance.

Here's what's happening.

ASX 200 gold stock Resolute Mining Ltd (ASX: RSG)

Resolute Mining shares are down 5% today, trading for $1.29 apiece.

The West African-focused ASX 200 gold stock is making headlines following an update on its Syama Gold Mine, located in Mali.

Resolute reported that production at Syama has remained below plan due to the challenging operating environment in Mali. This is impacting performance across underground mining, open-pit mining, and sulphide processing at the project.

The miner revised its 2026 gold production forecast for Syama to 150,000 to 160,000 ounces at an all-in sustaining cost (AISC) of $2,300 to $2,400 per ounce.

With Resolute Mining's other assets remaining on track, the company now expects its total gold 2026 production to be 205,000 ounces to 225,000 ounces at an AISC of $2,250 to $2,350 per ounce.

Resolute Mining CEO Chris Eger said:

While the near-term impact at Syama is disappointing, the broader business remains supported by a strong gold price environment and disciplined cost management. These actions will enable us to continue generating positive returns and build a stronger platform for operational performance in 2027.

Bellevue Gold Ltd (ASX: BGL)

Bellevue Gold shares are down 1.2%, trading for $1.60 each.

This comes after the ASX 200 gold stock released an exploration update and its annual Resource and Reserve statement for its owned Bellevue Gold Project, located in Western Australia.

Bellevue said that exploration drilling will form an important element of its renewed growth strategy, with exploration set to "substantially increase" in FY 2027.

The miner also revealed that the Bellevue Gold Project now has an Indicated and Inferred Resource of 2.7 million ounces at 8.6 grams per tonne gold. That compares to 3.1Moz at 8.9g/t gold last year.

Which brings us to…

Ramelius Resources Ltd (ASX: RMS)

The third ASX 200 gold stock turning heads today is Ramelius Resources. And unlike the other two Aussie gold miners, Ramelius Resources shares are leaping higher, up 4.9% and trading for $3.76 apiece.

This follows the release of the gold miner's FY 2027 production forecast and four-year outlook.

Investors are reacting positively to Ramelius' FY 2027 gold production guidance of 205,000 to 225,000 ounces of gold at an AISC of $2,150 to $2,350 per ounce.

And management increased the miner's FY 2030 gold production target by 11% to 560,000 to 610,000 ounces at an AISC of $2,100 to $2,400 per ounce.

The post 3 ASX 200 gold stocks turning heads on big news today appeared first on The Motley Fool Australia.

What did Ramelius Resources report?

• FY30 gold production target upgraded to 560,000–610,000 ounces at an AISC of A$2,100–2,400/oz (11% increase)
• FY27 gold production guidance: 205,000–225,000 ounces at an AISC of A$2,150–2,350/oz
• FY27 growth capital expenditure: A$480–570 million; Mt Magnet plant expansion costs increased (now A$280 million)
• Sale of Edna May hub delivered A$210 million in cash and A$90 million in Forrestania Resource Limited shares
• Current cash, gold and investments exceed A$1 billion

What else do investors need to know?

Ramelius' production targets are underpinned by expanded operations at Mt Magnet, discoveries at Galaxy and Cue, and development of Rebecca-Roe. Enhanced capital outlays reflect capacity upgrades, infrastructure to future-proof operations, and inflationary impacts.

The company's outlook assumes a higher gold price (A$5,500/oz) and cost base reflecting sector-wide pressures, but management expects to maintain one of the lowest cost positions among ASX gold miners. The recently appointed EPC contractor, Primero, will deliver a new 3Mtpa processing circuit at Mt Magnet, facilitating future production growth.

What did Ramelius Resources management say?

Managing Director Mark Zeptner said:

We are continuing to systematically unlock the full potential of our Top Tier Mt Magnet hub while de-risking Rebecca-Roe through permitting progress and advanced design work. We expect to maintain our sector-leading AISC position, despite the cost pressures being felt by all gold miners, while delivering a 205% increase in production by FY30… Our targeted exploration strategy, combined with operational and technical expertise, has driven an 11 percent uplift in our FY30 production outlook to more than 600,000 ounces, reaffirming our position as Australia's standout gold growth story, underpinned by a long term resilient low-cost advantage… These commitments are consistent with our delivery philosophy. FY26 marks our sixth consecutive year of meeting market guidance – demonstrating the discipline and reliability of our operating model. We remain focused on organic growth through investing in exploration and optimisation of existing infrastructure, an approach that we believe will result in superior returns for our shareholders.

What's next for Ramelius Resources?

Ramelius is pushing ahead with growth plans at Mt Magnet, aiming for a steady-state run rate of 4.3Mtpa in March 2028 and a Life-of-Mine to 2043. The Rebecca-Roe project is advancing through final permitting, with early works capital brought forward to FY27.

The business remains focused on organic growth and ramping up production with a pipeline of resource definition and mine expansion projects, while maintaining a capital-efficient approach and strong balance sheet.

Ramelius Resources share price snapshot

Over the past 12 months, Ramelius Resources shares have declined 3%, trailing the S&P/ASX 200 Index (ASX: XJO), which has fallen 1% over the same period.

View Original Announcement

The post Ramelius Resources boosts production outlook and sets new FY27 guidance appeared first on The Motley Fool Australia.

Meanwhile, brokers have indicated continuing confidence in scores of ASX 200 shares this week.

Let's see a sample.

Santos Ltd (ASX: STO)

The Santos share price is $8.51, down 0.8% today.

Over the past month, this ASX 200 energy share has risen 5%.

Bernstein renewed its buy rating on Santos shares on Monday.

The broker raised its 12-month price target from $8.90 to $10.10.

This suggests a potential 19% upside ahead.

Xero Ltd (ASX: XRO)

The Xero share price is $63.29, down 3.3% today.

This ASX 200 tech share has fallen 24% over the past month.

Citi reiterated its buy call on Xero shares with a price target of $113.60.

This implies potential capital gains of 80% ahead.

Westpac Banking Corp (ASX: WBC)

The Westpac share price is $34.57, down 0.8% today.

Over the past month, this ASX 200 bank share has fallen 0.3%.

UBS reaffirmed its buy rating on Westpac shares with a 12-month target of $45.

This suggests a potential 30% upside ahead.

Rural Funds Group (ASX: RFF)

The Rural Funds share price is $1.95, down 0.5% today.

This ASX 200 agricultural real estate investment trust (REIT) has fallen 11% over the past month.

UBS renewed its buy rating on Rural Funds Group shares with a $2.30 target.

This implies potential capital growth of 19% over the next year.

AMP Ltd (ASX: AMP)

The AMP share price is $2.49, down 0.2% today.

Over the past month, this ASX financial share has risen 6%.

Citi renewed its buy rating on AMP shares with a $2.60 target.

This suggests a potential 4% upside ahead.

Zip Co Ltd (ASX: ZIP)

The Zip share price is $2.21, down 0.5% today.

This ASX 200 financial share has fallen 13% over the past month.

Citi reiterated its buy rating on Zip shares on Monday.

The broker lowered its 12-month target from $3.55 to $3.20 per share.

This implies a potential 45% upside ahead.

Ramelius Resources Ltd (ASX: RMS)

The Ramelius Resources share price is $3.57, up 2.7% today.

Over the past month, this ASX 200 gold share has fallen 1%.

Morgans renewed its buy call on Ramelius Resources shares with a $4.74 target.

This suggests a potential 33% upside ahead.

Morgans said:

RMS is expected to release FY27 guidance and an updated outlook to FY30 in Sep-26, following execution of the EPC contract for the Mt Magnet mill expansion, providing greater clarity on project costs and timing.

The post 7 ASX 200 shares with reaffirmed buy ratings this week appeared first on The Motley Fool Australia.

Well, to narrow things down, let's see what analysts are saying about the popular shares listed below.

Are they buys, holds, or sells? Here's what they are recommending:

James Hardie Industries PLC (ASX: JHX)

Morgans is feeling more positive about this building products company following the release of its investor day update.

In response, the broker has upgraded James Hardie shares to an accumulate rating with a trimmed price target of $43.00. It said:

JHX held its combined James Hardie and AZEK Investor Day in New York on 15 September 2026. The day centred on the "built to outperform, resilient by design" tagline, as management guided to 4% to 7% organic sale growth above market, while stressing the growth did not require a US housing recovery to work. 

The growth is meant to come from the AZEK combination, synergies running ahead of plan, and a leaner, lower-capex portfolio after the Europe sale. The positive company story and the growth trajectory are only partially offset by the tough macro, a 75bps rise in the 30-year mortgage rate over the past six months, and a peer multiple de-rate. On this basis we upgrade to an Accumulate rating, whilst moderating our target price to A$43.00 (from A$45.00).

Ramelius Resources Ltd (ASX: RMS)

Another ASX share that Morgans is positive on is gold miner Ramelius Resources.

It is feeling upbeat on its outlook and has put a buy rating and $4.74 price target on its shares. It commented:

RMS is expected to release FY27 guidance and an updated outlook to FY30 in Sep-26, following execution of the EPC contract for the Mt Magnet mill expansion, providing greater clarity on project costs and timing. Following an analyst change, we retain our BUY recommendation with a revised price target of A$4.74 per share.

REA Group Ltd (ASX: REA)

Finally, Bell Potter remains bearish on this property listings company and has named its shares as a sell this week with a $148.00 price target.

The broker has concerns that listings volumes could fall well short of consensus estimates due to it operating in a challenging environment at present. Bell Potter explains:

We retain our Sell recommendation. Despite REA's ability to generate strong results in challenged operating environments, we continue to see significant downside risk to listings volumes/earnings vs. company guidance and consensus and await further data points via lending volumes and market listings before re-considering our thesis.

The post Buy, hold, sell: James Hardie, REA Group, and Ramelius shares appeared first on The Motley Fool Australia.

With earnings season over, brokers have updated their ratings and 12-month price targets on scores of ASX 200 shares.

Here are three with strong upside potential.

Life360 Inc (ASX: 360)

The Life360 share price is $20.88, up 6.9% today.

Over the past month, this ASX 200 tech share has fallen 15%.

Bell Potter renewed its buy rating on Life360 shares but shaved its price target down from $35 to $34.

This suggests a potential 62% upside ahead.

Analyst Chris Savage said:

The 2Q2026 key metrics of MAU growth, paying circle growth and adjusted EBITDA were all ahead of our forecasts…

The 2026 guidance for MAU growth, consolidated revenue and adjusted EBITDA were all unchanged…

We retain our BUY recommendation and note we expect the buyback to be more active this quarter after only modestly commencing last quarter.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is $167, up 1% today and down 43% over 12 months. 

Pro Medicus shares began rebounding in February, ahead of the broader sector, but it's been a topsy-turvy recovery.

The ASX 200 healthcare share almost doubled in value between late February and early July, then fell on profit-taking.

The Pro Medicus share price is up 5% since the broader sector pivoted on 3 June.

Morgans has an accumulate rating with a 12-month target of $230 on Pro Medicus shares.

This implies a potential 38% upside ahead.

The broker said: 

FY26 confirms PME is executing at an even higher level than the market gave it credit for.

EBIT margin of 74.9% and constant currency EBIT growth of 30.6% both beat expectations comfortably, with the FX-driven softness in headline revenue a currency story, not a demand or execution one.

Momentum remains broad-based, implementations are ahead of schedule, renewals are a clean sweep, and the pipeline is opening up in new segments rather than just deepening in existing ones.

Looking ahead, FY27 is shaping as a genuine standout year.

Ramelius Resources Ltd (ASX: RMS)

The Ramelius Resources share price is $3.66, down 2.5% today.

Over the past month, this ASX 200 gold share has fallen 0.4%.

Morgans has a buy rating on Ramelius Resources shares with a $4.74 target.

This implies a potential 30% upside ahead.

The broker said:

RMS is expected to release FY27 guidance and an updated outlook to FY30 in Sep-26, following execution of the EPC contract for the Mt Magnet mill expansion, providing greater clarity on project costs and timing. 

The post 3 ASX 200 shares tipped by experts to jump 30% to 62% appeared first on The Motley Fool Australia.

But the brokerage house Morgans is predicting decent share price upside for the mid-tier gold producer, with a bullish target, which I'll get to shortly.

First, let's see what they're saying about the company.

New guidance imminent from this ASX gold company

Morgans said Ramelius is expected to release guidance for FY27 and an updated outlook out to FY30 later this month.

The broker said:

On production, we expect FY27 guidance to remain in line with the previous 200-220koz range, likely trending to the upper-end. Beyond FY27, we see scope for upside to the 2025 outlook through FY30. Increased mining rates at Break of Day following the Stage 2 cutback, along with mine life extensions at Penny, should drive higher head grades through FY27 and FY28. Gilbey's, not previously included in the outlook numbers, has the potential to be a key driver of production growth from FY29, displacing lower-grade mill feed.

Morgans said Ramelius had flagged that costs could head higher, "driven by ongoing inflationary pressures across labour, mining services and diesel''.

The broker added:

Management indicated cost inflation of up to 8% across key operating inputs, while a partially hedged diesel position provides some protection. In addition, an extra ~A$30m of sustaining capital at Galaxy aimed to lift mining rates from 600ktpa to 800ktpa is expected to increase costs in FY27.

Morgans said that, regarding dividend payments, it believed Ramelius was well-positioned to continue generating strong cash flows and returning capital to shareholders.

Ramelius Resources shares looking cheap

The broker maintained its buy rating on Ramelius shares, but reduced its price target from $5.80 to $4.74.

This compares to the current price of $3.75.

The broker added:

RMS remains our preferred mid-cap gold exposure, supported by a strong balance sheet, low cost operations and a clear pathway to production growth through the Mt Magnet hub and Rebecca Roe. The divestment of Edna May reinforces our view of management's disciplined capital allocation, crystallising value from a non-core asset while focusing attention to higher-return growth opportunities. We continue to view RMS as one of the highest-quality operators in the Australian gold sector.

Ramelius announced on Monday it had awarded the $313 million Mount Magnet Expansion contract to NRW Holdings Ltd (ASX: NWH).

The scope of work includes the construction of a new crushing circuit and coarse ore stockpile, installation of a new grinding circuit, additional leach tanks, and associated gold processing infrastructure, resulting in an additional 3 million tonnes per annum of processing capacity.

Ramelius is valued at $7.06 billion.

The post Which ASX gold company is Morgans' preferred mid cap buy? appeared first on The Motley Fool Australia.

We're helping you monitor ex-dividend dates with an article every Friday.

Here are some of the ASX shares due to trade ex-dividend next week.

To be eligible for the dividend, you must own the ASX share before its ex-dividend date.

ASX shares going ex-dividend next week

Check out which ASX shares go ex-dividend today.

The post 33 ASX shares going ex-dividend next week appeared first on The Motley Fool Australia.

In late morning trade on Tuesday, all three of the high-profile ASX shares are outpacing the 0.5% gains posted by the S&P/ASX 200 Index (ASX: XJO) at this time.

Here's what's catching investor interest.

Woodside shares jump on profit growth

Woodside shares are up 2.5% at the time of writing, changing hands for $34.28 apiece.

This strong performance follows the release of the ASX 200 energy stock's half-year results (H1 2026).

Highlights for the six months included a 13% year-on-year increase in operating revenue to US$7.45 billion. And the company's free cash flow was up 159% to US$352 million.

On the bottom line, Woodside achieved a 27% increase in net profit after tax (NPAT) to US$1.67 billion.

This saw management declare a fully-franked interim dividend of 57 US cents per Woodside share.

On the growth project front, Woodside's Scarborough is 98% complete and on track for first LNG cargo in Q4 2026. Its Trion project is 64% complete, while the Louisiana LNG project is 28% complete.

Woodside ended the half with liquidity of US$8.19 billion.

Ramelius Resources shares lift on gold resource increase

Like Woodside shares, Ramelius Resources shares are marching higher, up 1% at $4.05 each.

This comes after the ASX 200 gold stock reported a 79% increase in its Ore Reserves to 4.3 million ounces of gold. The miner's Mineral Resources increased by 17% to 14 million ounces.

Ramelius credited the boost to its FY 2026 exploratory drilling campaign, which added 1.8 million ounces of new discovery gold at an average cost of $55 per ounce.

The lift was primarily delivered by the maiden 1.6-million-ounce Ore Reserve at Ramelius' Never Never underground project, as well as 260,000 ounces at its Roe underground project.

Which brings us to…

Coles shares edge higher on dividend boost

Joining Ramelius Resources and Woodside shares in turning heads today, we find Coles.

Shares in the ASX 200 supermarket giant are up 0.6% at the time of writing, trading for $22.78 apiece.

This follows the release of Coles' FY 2026 results.

Highlights for the financial year include a 2.8% year-on-year increase in sales revenue to $45.58 billion. Earnings before interest and tax (EBIT) of $2.32 billion (excluding significant items) were up 9.9%.

On the bottom line, Coles achieved a 13.7% year-on-year increase in net profit after tax (NPAT) to $1.26 billion (excluding significant items).

This saw management declare a 37-cent per share fully-franked final dividend, up 15% from last year's final payout.

If you want to bank the final Coles dividend, you'll need to own shares at market close on 2 September. Coles shares trade ex-dividend on 3 September.

The post Why is everyone talking about Coles, Ramelius Resources and Woodside shares on Tuesday? appeared first on The Motley Fool Australia.

What did Ramelius Resources report?

• Group Mineral Resources increased 17% to 14Moz of gold (260Mt at 1.7g/t)
• Ore Reserves surged 79% to 4.3Moz of gold (70Mt at 1.9g/t Au)
• FY26 drilling added 1.8Moz of new discovery ounces at an average cost of A$55/oz
• Key gains included a maiden 1.6Moz Ore Reserve for the Never Never underground (Dalgaranga) and 260koz at Roe underground (Rebecca-Roe)
• The Mt Magnet hub remains central, with reported Mineral Resources up 21% to 10Moz

What else do investors need to know?

Ramelius continued strengthening its core Mt Magnet hub while advancing higher-value, longer-life projects. The 2026 Resources and Reserves update was underpinned by historic levels of exploration, notably at Dalgaranga, Galaxy, and the Cue deposits.

The company achieved an attractive discovery cost of A$55/oz, supporting ongoing exploration spend (A$90–110 million is budgeted for FY27). Ramelius has also set a company-wide Exploration Target of up to 1.6Moz, showing confidence in future conversion.

A detailed production and cost outlook to FY30, including guidance for FY27, is expected in September. The updated resource base provides a platform for the company's longer-term production goal of 500,000 ounces per annum by FY30.

What's next for Ramelius Resources?

Ramelius is targeting further organic growth via aggressive exploration, aiming to convert more resources and boost production scale. With additional open pit and underground targets identified across Mt Magnet, Dalgaranga, and Roe, exploration will remain a key focus.

Investors can look forward to updated production, cost, and exploration plans in September, which should give more visibility around FY27 guidance and Ramelius' path towards its 500,000-ounce annual production target by 2030.

Ramelius Resources share price snapshot

The Ramelius Resources share price has been a strong performer over the past 12 months, outperforming the S&P/ASX 200 index (ASX: XJO) with a gain of around 30%.

View Original Announcement

The post Ramelius Resources share price on watch amid 79% surge in Ore Reserves appeared first on The Motley Fool Australia.

And investors have responded by bidding all three stocks higher as we head into the Friday lunch hour, despite the 0.2% fall in the ASX 200 at this same time.

Here's what's happening.

Ramelius Resources Ltd (ASX: RMS)

Ramelius Resources shares are up 0.8% at time of writing, swapping hands for $3.95 apiece.

That sees this ASX 200 gold stock up 37% since this time last year.

For FY 2026, Ramelius reported a 1% year-on-year increase in revenue to $1.03 billion.

Underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of $765 million were down 7%.

On the bottom line, the gold miner reported a 33% year-on-year decline in underlying net profit after tax (NPAT) to $320 million.

Profits and earnings were impacted in part by the lower production volumes associated with the completion of operations at the company's Edna May project.

Regis Resources Ltd (ASX: RRL)

Regis Resources shares are also attracting attention today after the miner released its FY 2026 results.

Shares in the ASX 200 gold stock are up 3.2%, trading for $8.49 each. That sees the Regis Resources share price up 90% in 12 months.

Over the 12 months, Regis Resource produced 379,050 ounces of gold at an all-in sustaining cost (AISC) of $2,945 per ounce.

The miner sold 373,879 ounces over the year, receiving an average price of $6,283 per ounce.

This saw revenue increase by 43% from FY 2025 to $2.35 billion. And it helped the miner set a new record NPAT of $715 million, up a whopping 181% year on year.

With profits soaring, management declared a fully-franked final dividend of 20 cents per share.

Regis ended the year with cash and bullion holdings of $1.18 billion, up $667 million from the close of FY 2025.

Genesis Minerals Ltd (ASX: GMD)

The third ASX 200 gold stock making moves following the release of its full-year results is Genesis Minerals.

Genesis Minerals shares are up 2%, trading for $8.17 apiece. That puts the share price up 93% since this time last year.

FY 2026 was an eventful period for the miner, with gold production up 33% from FY 2025 to 285,402 ounces. Genesis produced the gold at an AISC of $2,670 per ounce.

And earnings hit a new record high, with the company reporting a 110% lift in EBITDA to $952 million.

Profits surged as well, with underlying NPAT up 147% to $547 million.

And with profits rocketing, the ASX 200 gold stock delivered its first ever dividend, fully franked at 5 cents per share.

Genesis Minerals ended the financial year with cash and equivalents of $520 million, up 81% from last year.

The post 3 ASX 200 gold stocks jumping higher on big news today appeared first on The Motley Fool Australia.

What did Ramelius Resources report?

• Revenue: $1,032.8 million, up 1% from FY25
• Underlying EBITDA: $765.4 million, down 7%
• Net profit after tax (NPAT): $118.8 million, down 75%
• Dividends: 6.0 cents per share total for FY26 (3.0 cents interim, 3.0 cents final), both fully franked
• Gold produced: 192,182 ounces at an All-in Sustaining Cost (AISC) of A$1,983/oz
• Net tangible asset backing per share: $2.08, up 27%

What else do investors need to know?

Ramelius completed the acquisition of Spartan Resources Limited during the year, adding the high-grade Dalgaranga gold mine to its portfolio. The company's 2026 acquisition and plant integration program saw a $2.8 billion transaction, boosting resource and reserve estimates and expanding Dalgaranga's mine life.

During FY26, Ramelius also announced the sale of the Edna May hub for $300 million. A $250 million share buy-back program was launched, with $141.8 million of shares repurchased so far, benefitting existing shareholders. The company continues to run a Dividend Reinvestment Plan, giving eligible shareholders the option to reinvest dividends.

What's next for Ramelius Resources?

Ramelius expects to update its 4-Year Production Outlook and capital expenditure profile in the September quarter, following the award of the Mt Magnet mill upgrade contract. The company is targeting production of over 500,000 ounces per year by FY30, underpinned by further development of Dalgaranga, Rebecca-Roe, and exploration at existing projects.

With a robust cash and gold position of $649.6 million at year-end, Ramelius is well-placed to fund growth, continue capital returns, and adapt to market conditions. Management notes positive project economics at Rebecca-Roe and ongoing efforts to optimise the Mt Magnet-Dalgaranga integration.

Ramelius Resources share price snapshot

Over the past twelve months, the Ramelius Resources share price has outperformed the S&P/ASX 200 index (ASX: XJO) with a gain of 35%, lifted by robust gold prices and project milestones.

View Original Announcement

The post Ramelius Resources reports profit drop, expands growth plans in FY26 earnings appeared first on The Motley Fool Australia.

Materials, which is dominated by miners, was the best performer of the 11 market sectors, rising 47% and giving a total return of 52% last year.

The artificial intelligence (AI) build-out, and an increasing desire for sovereign energy capability, is further driving the mining boom.

If you want to get in on the action, here are four ASX 200 mining shares that experts have rated buys after their June quarter reports.

Ramelius Resources Ltd (ASX: RMS) 

The Ramelius Resources share price is $3.10, down 2.8% today and up 18% over 12 months.

The ASX 200 gold miner released its June quarter report yesterday.

Ramelius Resourcres reported gold production of 53,466 ounces at an all-in sustaining cost (AISC) of $1,973 per ounce for the quarter.

The miner said it had operating cash flow of $191.2 million and underlying free cash flow of $138.3 million.

Ord Minnett retained its buy rating but reduced its price target from $5.30 to $4.80.

This still implies a potential 55% upside over the next 12 months.

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is $166.86, up 0.9% today and up 44% over 12 months.

Rio Tinto released its 1H FY26 results this week.

The miner reported a 15% increase in revenue to US$31 billion and a 28% rise in underlying EBITDA to US$14.8 billion.

JP Morgan reiterated its buy rating with a slightly reduced price target of $207.

This implies a potential upside of 24% ahead.

Newmont Corporation CDI (ASX: NEM)

The Newmont share price is $130.41, down 1.8% today and up 33% over 12 months.

Newmont released its 2Q FY26 report last week.

Morgans maintained its buy rating but cut its price target from $201 to $194.

This still suggests a potential near 50% gain ahead.

The broker commented:

A broadly in-line result with small beats and misses across the board despite the Cadia disruption, with the qoq earnings decline driven by a lower realised gold price rather than operating performance.

NEM's capital returns remain best in class among its gold peers, with US$1.9bn returned this quarter implying a capital return yield of around 7-8%.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is $57.80, up 3.9% today and up 88% over 12 months. 

The ASX 200 mining giant released its 4Q FY26 report yesterday.

The miner said it had delivered record mining and lithium volumes in the June quarter.

The company also boasted achieving or exceeding guidance across all business segments and reducing net debt.

Morgans raised its rating from accumulate to buy with an unchanged $68 target.

This suggests an 18% upside ahead.

Morgans said:

MIN delivered a strong 4Q26 result, with production and cost beats across mining services, iron ore and lithium.

FY26 guidance was achieved or exceeded across every segment.

Net debt reduced to A$4.3bn (-8% below expectations) and is now below 2x ND/EBITDA on our FY26 EBITDA forecasts.

The post 4 ASX 200 mining shares to buy following quarterly updates appeared first on The Motley Fool Australia.

What did Ramelius Resources report?

• June quarter group gold production of 53,466 ounces at an all-in sustaining cost (AISC) of $1,973/oz
• Operating cash flow of $191.2 million and underlying free cash flow of $138.3 million
• Full financial year gold production of 192,182 ounces at an AISC of $1,983/oz
• Year-end cash and gold balance of $649.6 million, up from $606.5 million in March
• Share buybacks totalling $140.7 million (56% of announced program)
• Paid a fully franked interim dividend of 3 cents per share

What else do investors need to know?

Ramelius achieved its production guidance for the sixth consecutive year and kept its gold production costs below $2,000 per ounce despite cost pressures. The company also completed a $300 million agreement to sell its Edna May hub, expected to close in the September quarter, with Ramelius set to become a major shareholder in Forrestania Resources upon completion.

Growth investment continued, with $42.1 million spent in the quarter on capital projects, including the Mt Magnet plant upgrade and Dalgaranga site works. Exploration spending remains strong, at $33.9 million for the quarter, focusing on extending mine life and supporting a high-grade strategy across operating sites.

What did Ramelius Resources management say?

Managing Director Mark Zeptner said:

In the June Quarter, the Company delivered 53,466 ounces at a relatively low AISC of A$1,973/oz. For the full Year, we met production Guidance with 192,182 ounces produced at an AISC of A$1,983/oz. The Mt Magnet hub processed its first full Quarter of Never Never mine ore, processing 146kt ore at a grade of 5.37g/t. The Never Never underground mine once at targeted production of 1Mt per annum, with grades in excess of 7g/t, will transform the Mt Magnet hub to Tier 1 status. With our ongoing exploration success, we are confident that there is upside to our current mine plans as we continue the journey to +500,000 ounces by FY30.

What's next for Ramelius Resources?

Ramelius expects to issue full-year FY27 guidance and an outlook to FY30 in the September quarter. The Never Never underground mine will ramp up to full production, and the Mt Magnet plant upgrade aims to lift processing capacity to 4.3Mtpa by FY28.

The company plans ongoing high-grade exploration, with FY27 spend earmarked at $90–110 million, to support further growth. Rebecca-Roe project approvals also continue to advance, paving the way for future development.

Ramelius Resources share price snapshot

Over the past 12 months, Ramelius Resources shares have risen 17%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Ramelius Resources posts June quarter results appeared first on The Motley Fool Australia.

After opening sharply lower and spending most of the session in red territory, the ASX 200 ended up staging a late afternoon recovery, closing with a minuscule 0.023% rise. That leaves the index at 8,793.3 points.

This bumpy day for ASX investors followed a rough start to the American trading week on Wall Street's boards last night.

The Dow Jones Industrial Average Index (DJX: .DJI) started the week on a sour note, falling 0.59%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared slightly better, though, dropping by 0.048%.

But let's return to the local markets now and take stock of what the various ASX sectors were up to this Tuesday.

Winners and losers

Despite the broader market's nominal lift, green sectors outnumbered red sectors this session.

Leading those red sectors were healthcare stocks. The S&P/ASX 200 Healthcare Index (ASX: XHJ) crashed 1.05% lower today.

Communications shares were on the nose as well, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) tumbling 0.88%.

Consumer discretionary stocks weren't popular either. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) saw its value tank 0.83%.

We could say the same for financial shares, as you can verify by the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.71% dive.

Next up were industrial stocks. The S&P/ASX 200 Industrials Index (ASX: XNJ) had dipped 0.34% by the closing bell.

Our last losers were consumer staples shares, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) slipping 0.08%.

Turning to the green sectors now, these were led by gold stocks. The All Ordinaries Gold Index (ASX: XGD) soared 3.64% higher this Tuesday.

Tech shares ran hot as well, evident from the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 3.26% surge.

Mining stocks were also in demand. The S&P/ASX 200 Materials Index (ASX: XMJ) jumped 1.33% today.

Real estate investment trusts (REITs) were next, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) leaping 0.61%.

Then we had energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) saw a 0.4% increase this session.

Finally, utilities stocks got over the winner's line, illustrated by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 0.22% lift.

Top 10 ASX 200 shares countdown

Gold miner Minerals 260 Ltd (ASX: MI6) took out today's top spot. Minerals 260 shares spiked 7.69% higher this Tuesday to close at 64 cents apiece.

There wasn't any news out from the company, but most gold shares had a strong session.

Here's how the other winners landed their planes: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

But one ASX gold stock that could have huge upside potential according to Bell Potter is named below.

ASX gold stock tipped to triple

The gold stock that Bell Potter is positive on is Forrestania Resources Ltd (ASX: FRS).

Bell Potter notes that the company has just signed a transformational deal with Ramelius Resources Ltd (ASX: RMS) for the Edna May Gold Hub. It commented:

FRS has entered into a binding agreement to acquire 100% of the Edna May Gold Hub from Ramelius Resources Limited (ASX: RMS, not rated) for total consideration of A$300m, comprising A$210m in cash and A$90m in FRS scrip (225m shares at A$0.40/sh) (Transaction). The Transaction is accompanied by a A$310m two-tranche equity raising at A$0.40/sh. 

Edna May comprises a 2.9Mtpa conventional CIL processing plant (C&M since April 2025), 945koz Au Mineral Resource Estimate (MRE), ~1,000km² of tenements including the Tampia and Symes satellite deposits, a 185-room accommodation village, airstrip, tailings storage facility and grid power connection. The Transaction is conditional on FRS shareholder approval, regulatory approvals (potentially ACCC), assignment of third-party agreements including the Evolution Mining SPA, and completion of the equity raising. Completion is targeted for September 2026.

'Transformational transaction'

The broker believes this positions the gold stock to grow its production to 200,000 ounces per annum within 18 months. It explains:

This is a transformational transaction for FRS. The acquisition of a second permitted processing hub at Edna May, combined with the 3.2Mtpa Lake Johnston plant, establishes FRS as a dual-hub operator with targeted combined milling capacity of 6.1Mtpa by H1 CY27. On a pro-forma basis, FRS will have a MRE base of approximately 2.7Moz (incl. Dulcie, ZNC), and a contiguous tenure position spanning the Southern Cross, Forrestania, Westonia and Eastern Goldfields regions. 

The enlarged entity has a credible pathway to steady-state production of >200kozpa across both hubs within 12-18 months, assuming successful commissioning and ramp-up at both plants. FRS will hold pro-forma cash of A$132m and a proposed A$100m debt facility to sufficiently fund the ramp-up period across both hubs.

Big potential returns

According to the note, Bell Potter has retained its speculative buy rating with an improved price target of $1.25. 

Based on its current share price of 38 cents, this implies potential upside of approximately 230%.

Commenting on its investment thesis, Bell Potter said:

The Transaction consideration implies an EV/Resource multiple of approximately A$317/oz based on the 945koz Edna May MRE (or A$100/t installed milling capacity). Adjusting for the ~A$300m replacement value of the existing plant and infrastructure (per FRS), the implied acquisition cost of the resource ounces is effectively negligible on a look-through basis, in our view. Incorporating the Edna May transaction, dualhub production profile, and revised cost and CAPEX assumptions, we raise our Valuation to $1.25/sh and maintain our Speculative Buy recommendation.

The post This ASX gold stock could rocket 200%+ after 'transformational' deal appeared first on The Motley Fool Australia.

At the time of writing, the Ramelius share price is down 3.51% to $2.885.

The move adds to a difficult start to the year for the ASX 200 gold stock. Ramelius shares are now down around 5% over the past month and 30% in 2026.

Ramelius has now closed out FY26, and the market is getting its first look at how the June quarter finished.

Let's take a closer look at the announcement.

Stronger finish to the year

According to the release, Ramelius produced 53,466 ounces of gold in the June quarter.

That represents a 40% increase on the prior quarter and lifted full-year production to 192,182 ounces.

This means Ramelius finished FY26 inside its guidance range of 185,000 to 205,000 ounces. Management said this was the 6th year in a row that the company has met its production guidance.

The stronger quarter was helped by improved haulage rates, particularly at Dalgaranga, while the Never Never underground operation remained on track.

Managing Director Mark Zeptner said the June quarter was a strong finish to the year and showed "consistent delivery" from the operations team.

Cash and gold balance grows

Ramelius also finished the quarter in a strong financial position.

The company reported underlying free cash flow of $183 million. This included growth capital and exploration, but came before dividends, share buybacks, and tax payments.

It ended June with cash and gold of $649.6 million.

Ramelius also kept returning money to shareholders during the quarter. It paid a fully-franked interim dividend of $54.4 million and completed $30.5 million of share buybacks.

The total buybacks now stand at $140.7 million under the company's $250 million buyback program.

Why are Ramelius shares falling?

Ramelius hasn't yet provided final all-in sustaining costs (AISC) for the June quarter. These figures will be included in the full quarterly report, which is due on 29 July.

Until those numbers land, investors don't have the full margin detail, even though production and cash flow both look healthy.

There is also a lot happening across the project pipeline.

At Mt Magnet, stage one circuit works have started, while stage two and three works are close to completion. The camp expansion, wind project, and major project recruitment are also moving along.

Ramelius is also working through the Edna May Hub transaction. The company estimates this could deliver almost $600 million of pre-tax value once cash, retained free cash flow, and share consideration are included.

The post $650 million in cash and gold, guidance hit: Why this ASX 200 stock is still falling appeared first on The Motley Fool Australia.

What did Ramelius Resources report?

• Gold production: 192,182 ounces for FY26, within guidance (185,000–205,000 ounces), up 40% quarter-on-quarter to 53,466 ounces in June quarter
• Underlying free cash flow of A$138.3 million (including growth capital and exploration)
• Cash and gold balance: A$649.6 million at 30 June 2026
• Interim fully franked dividend: $0.03 per share (A$57.3 million) paid in April 2026
• Share buybacks: A$30.5 million in the quarter, total A$140.7 million (56% of announced $250 million program)
• All-In-Sustaining-Cost (AISC) to be finalised in the full quarterly report

What else do investors need to know?

During the quarter, Ramelius executed the sale of its Edna May hub to Forrestania Resources for a revised consideration of A$210 million in cash and A$90 million in FRS shares, with completion targeted for the September 2026 quarter. Upon completion, Ramelius will become a 9.6% shareholder in FRS, continuing to benefit from regional gold expansion.

Operationally, key project developments included the ongoing ramp-up at Never Never and Dalgaranga, advances on the Mt Magnet processing plants and camp expansions, and progress on the hybrid power project. Exploration activities are on track, with a further update due later in July.

What's next for Ramelius Resources?

Looking ahead, Ramelius expects to finalise and report full financials, including AISC, in its upcoming quarterly report. Key capital projects—including Stage 1 and 2 expansions at Mt Magnet and camp upgrades—are progressing to plan with further milestones slated for the September 2026 quarter.

The company remains focused on disciplined growth, maintaining strong shareholder returns through dividends and buybacks, and value creation through exploration and strategic investments. The imminent completion of the Edna May hub sale will provide additional capital and ongoing exposure to the region's potential via its FRS shareholding.

Ramelius Resources share price snapshot

Over the past 12 months, Ramelius shares have risen 21%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Ramelius Resources achieves FY26 guidance, grows cash flow and completes Edna May sale appeared first on The Motley Fool Australia.

The merger would create a dominant gold producer valued at $12.6 billion.

What is the proposal?

Genesis has made a binding proposal to acquire all Vault shares via a scheme of arrangement.

The offer includes 0.7629 new Genesis shares plus A$0.475 in cash per Vault share, implying total consideration of A$5.274 per Vault share.

Vault shareholders would own 40.2% of the enlarged Genesis Group; Genesis shareholders would own 59.8%.

Estimated post-tax synergies of approximately A$2.0 billion, with A$1.5 billion unique to this transaction over 10 years.

The combined group would have 33.6 million ounces in mineral resources and 9.4 million ounces in ore reserves.

The proposed deal values Vault at A$5.6 billion and would create an Australian gold major with pro-forma annual production of 600–700,000 ounces and a market capitalisation of A$12.6 billion.

It is important to note the deal is not yet confirmed. Ramelius Resources Ltd (ASX: RMS) has matching rights that could affect whether the deal proceeds.

Bell Potter weighs in on ASX gold stock's future

Following the proposal, the team at Bell Potter provided updated guidance on this ASX gold stock. 

It appears the broker sees the deal as a positive. 

The biggest benefit according to the broker is that Genesis could avoid spending about A$715 million building a new processing plant at Tower Hill. 

Instead, it could process Tower Hill ore at Vault's existing King of the Hills mill.

Bell Potter believes this is a much smarter use of capital because Genesis' main limitation is processing capacity, not finding more gold.

Buy recommendation intact 

Bell Potter has retained its buy recommendation on this ASX gold stock. 

It slightly lowered its price target to $9.75 (previously $9.90). 

From yesterday's closing price of $6.03, Bell Potter's updated price target indicates 61% upside from current levels.

The price target was reduced only because of Genesis' recent Magnetic Resources acquisition, not because Bell Potter is less positive on the merger.

In short, Bell Potter sees the merger as a major positive because it would create a larger, cash-rich gold producer while saving roughly A$715 million by using existing infrastructure instead of building a new mill.

The Proposed Scheme is not subject to due diligence or financing conditions and offers a materially better strategic and financial outcome than the status quo, in our view.

The post This ASX gold stock could soar 60% thanks to a big announcement appeared first on The Motley Fool Australia.

Here are the ones Morgans has a buy rating on. 

Newmont Mining Ltd (ASX: NEM)

Morgans said the world's largest gold producer offers "unmatched tier-1 asset diversification", free cash flow of about 15%, and an ongoing US$6 billion buyback.

They added: 

A defensive, high-quality gold exposure for investors in a volatile market.

They have a price target of $198 for Newmont shares compared to $134.18 currently.

Northern Star Resources Ltd (ASX: NST)

This company has a "compelling medium to long-term growth story" and trades at a material discount to net asset value, Morgans said. 

However, a push for a breakup of the company by activist investor Elliott and the ongoing search for a new managing director inject some uncertainty.

Morgans added:

A potential sale process represents the clearest catalyst for immediate upside.

They have a price target of $26 on the company compared to $18.86 currently. 

Evolution Mining Ltd (ASX: EVN)

This is Morgans' preferred large-cap pick, "combining low-cost operating base, consistent execution, net cash balance sheet and meaningful copper exposure''.

Morgans said recent sector weakness provides a compelling entry point.

They have a price target of $15 on the company compared to $11.62 currently.

Ramelius Resources Ltd (ASX: RMS)

Morgans rates Ramelius as a high-quality, low-cost producer, "with one of the strongest medium-term production growth profiles in the sector''.

They added:

The recent pullback provides an attractive entry point into a disciplined management team with a robust balance sheet.

They have a price target of $5.80 on the company compared to $2.92 currently.

Regis Resources Ltd (ASX: RRL)

Regis, Morgans said, provides direct, unhedged leverage to the gold price through a portfolio of strong, cash-generative assets.

Morgans has a price target of $9.39 on Regis compared to $5.93 currently.

Catalyst Metals Ltd (ASX: CYL)

Morgans said this company has a "compelling mid-cap growth story underpinned by production expansion at Plutonic and the high-grade Trident development''.

They added:

We see recent sector weakness as an attractive opportunity to accumulate in this value name.

Morgans has a price target of $13.58 on the company compared to $4.89 currently.

Where to from here for the gold price?

Morgans has reduced its forecast for the gold price for the remainder of the year, reducing it from US$4750 per ounce to US$4250 per ounce. 

The current spot price of gold is US$3994.53. 

The post 6 ASX gold stocks Morgans rates as a buy appeared first on The Motley Fool Australia.