Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Ramelius Resources Limited
  6. News
  7. Summary
    RMS   AU000000RMS4

RAMELIUS RESOURCES LIMITED

(RMS)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Australia shares end higher as gold miners shine

07/14/2021 | 03:04am EDT

* Gold miners led gains on ASX

* Buy-now, pay-later firms capped gains

* NZX 50 down 0.5%

July 14 (Reuters) - Australian shares closed higher on Wednesday, outweighing any investor concerns after a lockdown was extended in the country's most populous city, with heavyweight gold miners helping offset turmoil in the buy-now, pay-later sector.

The S&P/ASX 200 index rose 0.31% to 7,354.7 points, with all sectors except buy-now, pay-later in the black.

Lockdown in Sydney was extended by two weeks after a rise in new COVID-19 cases with total infections across the harbour city nearing 900.

"The market was not very fazed after the announcement of lockdown extension in Sydney but if the lockdowns persist any further than that, whatever economic recovery the country has made will be reversed," Steven Daghlian, market analyst at CommSec said.

"The only silver lining is investors are a little less pressured now and their risk appetites are improving as they know the pattern of how things roll under a lockdown."

Australia's gold miners closed 2.8% higher, touching their highest since June 17, as the precious metal firmed overnight after data showed U.S. consumer prices rose by the most in 13 years last month.

The country's biggest listed gold miner Newcrest Mining added up to 2.9%, ending higher for the third day, and gold miners Evolution Mining and Ramelius Resources were among the top gainers on the benchmark, advancing up to 4.8% and 5.1%, respectively.

In contrast, Australia's buy-now-pay-later firms tumbled about 10% on a report that Apple Inc is working on a service that will let users pay for purchases in instalments.

Buy-now-pay-later juggernaut Afterpay plunged as much as 9.7%, while Z1p Co skidded up to 11.4% as Apple's entry in the lucrative space could fuel solid competition in the sector.

"With the launch of Apple's BNPL product, sector darling Afterpay might no longer remain the only bigwig in the industry," Daghlian said.

Australian mining stocks closed 0.6% higher on the back of strong iron ore prices, with miner SSR Mining Inc advancing the most, up 4.95%.

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index fell 0.5% to 12,719.68 after the central bank left cash rate unchanged. (Reporting by Riya Sharma in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 3.92% 128.38 End-of-day quote.8.80%
APPLE INC. -1.83% 146.06 Delayed Quote.10.08%
EVOLUTION MINING LIMITED -3.32% 3.79 End-of-day quote.-24.05%
NEWCREST MINING LIMITED -3.10% 23.78 End-of-day quote.-7.76%
RAMELIUS RESOURCES LIMITED -5.05% 1.41 End-of-day quote.-16.32%
ZIP CO LIMITED 2.55% 6.84 End-of-day quote.29.30%
All news about RAMELIUS RESOURCES LIMITED
09/10RAMELIUS RESOURCES : Resources and reserves statement 2021
AQ
09/09Ramelius Resources Limited Announces New Estimates of Mineral Resources and O..
CI
09/01RAMELIUS RESOURCES LIMITED : Ex-dividend day for final dividend
FA
08/27RAMELIUS RESOURCES' : After-Tax Net Profit Rises 12% in FY21
MT
08/26RAMELIUS RESOURCES : DELIVERS RECORD NPAT OF A$126.8M DECLARES 2.5cps DIVIDEND
AQ
08/26RAMELIUS RESOURCES' : FY21 Net Profit Climbs on Higher Production, Rising Gold P..
MT
08/26Ramelius Resources Limited Reports Earnings Results for the Full Year Ended J..
CI
08/25Ramelius Resources Limited Reports Operating Results for the Full Year of Fis..
CI
08/25Ramelius Resources Limited Announces Dividend, Payable on 4 October 2021
CI
08/24RAMELIUS RESOURCES : Full year financial results conference call
AQ
More news
Financials
Sales 2022 659 M 479 M 479 M
Net income 2022 91,5 M 66,5 M 66,5 M
Net cash 2022 330 M 240 M 240 M
P/E ratio 2022 11,9x
Yield 2022 2,70%
Capitalization 1 148 M 835 M 834 M
EV / Sales 2022 1,24x
EV / Sales 2023 1,12x
Nbr of Employees 225
Free-Float 96,0%
Chart RAMELIUS RESOURCES LIMITED
Duration : Period :
Ramelius Resources Limited Technical Analysis Chart | RMS | AU000000RMS4 | MarketScreener
Technical analysis trends RAMELIUS RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 1,41 AUD
Average target price 2,05 AUD
Spread / Average Target 45,0%
EPS Revisions
Managers and Directors
Mark William Zeptner CEO, Managing Director & Director
Timothy Peter Manners Chief Financial Officer
Robert Scott Vassie Non-Executive Chairman
Duncan James Coutts Chief Operating Officer
David Clifford Southam Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
RAMELIUS RESOURCES LIMITED-16.32%835
FRANCO-NEVADA CORPORATION8.57%25 975
GOLD FIELDS LIMITED-14.76%7 052
ENDEAVOUR MINING PLC0.81%5 835
EVOLUTION MINING LIMITED-24.05%5 052
PT ANEKA TAMBANG TBK24.03%4 045