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Ramelius Resources (RMS) $1.995

RMS closed up +4.2% on Wednesday, with the stock having recovered from the news in May that it had approached Westgold (WGX) for a $3bn gold merger. We believe the Gold Sector will see further consolidation over the coming year, similar to RED & SLR and heavyweights Newmont & Newcrest, but for now, all is quiet with RMS.

  • We like RMS targeting a move to new 2024 highs, up another 8-10% higher; Shaw has a $2.73 target on the stock.
RMS
MM is bullish towards RMS
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Ramelius Resources (RMS)
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