Positive Report for Ramelius Resources Limited (RMLRF) from Morgans

In a report released today, Ross Bennett from Morgans upgraded Ramelius Resources Limited to a Buy, with a price target of A$5.00. The company’s shares closed yesterday at $2.73.

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Bennett covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Regis Resources Limited, and Catalyst Metals Limited. According to TipRanks, Bennett has an average return of 55.1% and a 97.44% success rate on recommended stocks.

In addition to Morgans, Ramelius Resources Limited also received a Buy from TR | OpenAI – 4o’s Orla Bullionna in a report issued on October 2. However, on October 1, Macquarie downgraded Ramelius Resources Limited (Other OTC: RMLRF) to a Hold.

Based on Ramelius Resources Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $695.41 million and a net profit of $303.8 million. In comparison, last year the company earned a revenue of $534.06 million and had a net profit of $175.34 million