Azzet reports on three ASX stocks with price moving updates today.
Ramelius Resources tumbles after flagging falling gold production ~
Shares in Ramelius Resources (ASX: RMS) were trading around 6.3% lower by 1:30 pm AEDT (2:30 am GMT) after the gold producer's first-quarter update missed market expectations.
Ramelius recorded a 25.1% decline in gold production (55,013 ounces) for the September quarter, 4% short of consensus forecasts.
The gold miner produced 72,575 in the June quarter, as well as 67,464 in the March quarter, and 67,050 in the December quarter.
The company produced gold at an all-in sustaining cost (AISC) of $1,836 per ounce, up 37% quarter on quarter and missing market estimates by 10%, while gold sales came in at 54,734 ounces.
The gold stock achieved an average price of $4,528 per ounce for revenue of $248 million.
Management told the market that grades at the company's Cue project have reverted back closer to Ore Reserve estimates following several quarters of outperformance, while production grades at its Mount Magnet mine will be "slightly lower" going forward, until "material quantities" of ore from its Dalgaranga project are available in late FY26.
The company has increased exploration guidance of $80 – 100 million, with $18.8 million spent in the Quarter as activity ramps up.
RBC Capital Markets believes lowered grades at Ramelius' Cue and Penny sites could "potentially cap some upside potential for FY26".
"Overall, we find the quarterly result and incremental information on Mt Magnet ex-Dalgaranga to be incrementally negative," the broker said.
In late July, the company announced its vision to become a 500,000-plus ounces per annum producer by the fiscal year 2030.
However, this ambitious goal is contingent upon the successful integration and optimisation of its assets with Spartan, particularly focusing on the Mt Magnet and Dalgaranga operations.
The company also announced plans to conduct an integrated study to develop a long-term mine plan and optimise processing options, with results expected by the December 2025 quarter.
This strategic move aims to enhance operational efficiency and reduce costs, potentially strengthening Ramelius’s position in the mining sector.
During the Quarter, Ramelius was added to the ASX 100 index and remained in the MVGDX index.
In early August, Ramelius exercised its buy-back rights with both OR Royalties and Taurus Mining Royalty Fund for a total consideration of $4.4 million, reducing these royalties in aggregate from 2.5% to 2.0% over the Dalgaranga Gold Project.
Ramelius Resources has a market cap of $6.3 billion; the share price is up 36% in one year and down 18% in the last week.
Despite the near-term weakness, RMS stock is showing, it appears to be in a long-term uptrend, confirmed by multiple indicators.
Consensus is Moderate Buy.
Breville rallies on global coffee consumption survey data
Shares in Breville (ASX: BRG) were up around 4% following revelations that the small appliance retailer’s coffee machine category is benefitting from global trends in coffee consumption.
A new survey of 1,900 coffee drinkers across the U.S., Australia, China, Thailand and the UK has flagged an uptick in coffee consumption; a shift to at-home coffee consumption and a willingness among coffee consumers to opt for better quality coffee machine products.
With coffee machine sales accounting for over half of Breville’s group sales, Citi analysts view these results as marking a material boost for the company’s coffee machine sales.
The broker expects Breville [coffee machine] sales to benefit from the following findings:
- Coffee bean delivery subscription services encourage coffee machine upgrades/purchases.
- A preference for manual/semi-auto machines.
- Data points suggest Breville’s recent entry into China could be successful.
Meantime, while research identified price as one of the major reasons consumers don't buy espresso machines, Breville’s recent product innovations have resulted in higher price points.
“… we found the survey data to be overwhelmingly positive for Breville and we think the key risks around the stock is how it navigates tariffs and transitioning supply away from China,” the broker said.
It’s understood that the coffee machines market in China is growing fast, and as the country continues to grow economically with a rising middle-to-upper class, there is large potential.
While making coffee at home is not that popular in China, the retailer’s success in other Asian markets, such as South Korea, boded well for the retailer’s expansion in this market.
Analysts estimate the size of the Chinese espresso coffee machine market, which has grown substantially since Covid, is now worth around US$330 million (A$500 million) and is now worth roughly the same as the U.S. market.
While Breville expects significant input cost increases for its US-based sales in FY26 and FY27, it is exploring cost mitigants, including FOB reductions, diversified sourcing, distribution adjustments, and selective pricing.
During the company’s full-year results released late August, Jim Clayton, Breville’s CEO and noted that the retailer’s recent expansion into China was going well.
“So far there are no surprises. It is doing exactly what we thought it would do all two months in,” Clayton told investors, after delivering a 10% increase in earnings to $204.5 million.
The company’s global product segment saw revenue jump 12.3% to $1.50 billion.
The Americas led the growth with an 11.8% increase to $822.2 million, while EMEA rose 15.1% to $374.4 million.
In APAC, product segment revenue climbed 10.4% to $304 million.
While Breville manufactures 90% of its products - small kitchen appliances from toasters to coffee machines - in China, for export, it has been diversifying some of its manufacturing away from China, since the Trump administration launched its global tariff war.
Breville has a market cap of $4.3 billion; the share price is down 5% over one year and up 7% in the last week.
The stock’s shares appear to be in a long-term bearish trend, confirmed by multiple indicators. Long-term, the 200-day moving average is falling and shows that demand for this stock is low.
Consensus is Moderate Buy.
Finder Energy soars on upgraded estimated resource volumes at the Krill and Squilla
Shares in Finder Energy (ASX: FDR) were up 9% after the oil and gas explorer reported significant increases in the estimated resource volume at the Krill and Squilla oil discoveries, also located within the PSC 19-11 joint venture area in the Timor Sea.
The explorer’s reprocessed 2025 Ikan 3D seismic data has materially upgraded the Krill and Squilla oil discoveries in PSC 19-11.
Improved imaging has resolved shallow fault complexities and better defined the Laminaria reservoir.
The updated mapping has increased gross rock volume estimates by 60% at Krill and 243% at Squilla.
Both fields require appraisal drilling to confirm commerciality, with potential development options including tie-back to the Kuda Tasi-Jahal (KTJ) project or a new southern hub.
Resource updates are now underway as Finder integrates geological studies with the new seismic interpretation.
Shares Finder Energy, which specialises in building prospective exploration permits in the Northwest Shelf of Australia, the UK North Sea, and Timor-Leste, surged 170% to a record $0.50c after locking in a binding farm-in agreement with Timor-Leste’s national oil company and JV partner Timor Gap covering the KTJ project.
The agreement, which will lift Timor Gap’s stake in PSC 19-11 (KTJ) by 10% to 34%, will see it tip in half the project’s development capex post-FID, up to US$338 million, and also start sharing near-term costs with immediate funding support of up to US$15 million.
As of 30 September, the company had net cash of $7.6 million.
Finder Energy has a market cap of $192 million; the share price is up 941% in one year and is up 30% in the last month.
Despite the near-term weakness the stock is showing, it appears to be in a long-term uptrend, confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 50-day moving average, and the 200-day moving average is trending higher.
Consensus does not cover this stock.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
