Ramelius Resources Ltd Stock
Ramelius Resources Ltd Stock
Pros and Cons of Ramelius Resources Ltd in the next few years
Pros
Cons
Performance of Ramelius Resources Ltd vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Ramelius Resources Ltd | 6.660% | -17.053% | 4.701% | 71.903% | 8.783% | 288.108% | 163.163% |
| Harmony Gold Mining ADR | 1.690% | -10.579% | 6.287% | 62.844% | 0.282% | 436.254% | 393.056% |
| Harmony Gold Mining | 3.710% | -11.839% | 7.362% | 62.791% | 0.000% | 413.196% | 377.360% |
| Lynas | 2.190% | -13.333% | 16.552% | 120.052% | 20.714% | 38.525% | 156.061% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Looking at the financial statements and ratios of Ramelius (RMLRF), there's an immediate sense of a company that's showing considerable financial strength amidst a highly volatile and capital-intensive industry. The company seems to be displaying a robust financial performance, judging from the available figures such as assets, income, and cash flow.
One of the admirable traits of Ramelius shines through in the balance sheets for the past three years. The company displayed consistency in increasing its total assets year-on-year, which reflects positively on its overall financial growth. The total assets of the company have grown from AUD 846,298,000 in 2021 to AUD 1,171,886,000 in 2023.
Simultaneously, the total liabilities of the company have not seen any drastic increase, indicating that the company isn't heavily reliant on debt for its operations. This balance of increasing assets without amassing significant liabilities adds to the overall financial health and stability of Ramelius.
