Shares in Ramelius Resources Ltd (ASX: RMS) have been all but flat over the past year, despite large fluctuations over that period.

But the brokerage house Morgans is predicting decent share price upside for the mid-tier gold producer, with a bullish target, which I’ll get to shortly.

First, let’s see what they’re saying about the company.

New guidance imminent from this ASX gold company

Morgans said Ramelius is expected to release guidance for FY27 and an updated outlook out to FY30 later this month.

The broker said:

On production, we expect FY27 guidance to remain in line with the previous 200-220koz range, likely trending to the upper-end. Beyond FY27, we see scope for upside to the 2025 outlook through FY30. Increased mining rates at Break of Day following the Stage 2 cutback, along with mine life extensions at Penny, should drive higher head grades through FY27 and FY28. Gilbey’s, not previously included in the outlook numbers, has the potential to be a key driver of production growth from FY29, displacing lower-grade mill feed.

Morgans said Ramelius had flagged that costs could head higher, “driven by ongoing inflationary pressures across labour, mining services and diesel”.

The broker added:

Management indicated cost inflation of up to 8% across key operating inputs, while a partially hedged diesel position provides some protection. In addition, an extra ~A$30m of sustaining capital at Galaxy aimed to lift mining rates from 600ktpa to 800ktpa is expected to increase costs in FY27.

Morgans said that, regarding dividend payments, it believed Ramelius was well-positioned to continue generating strong cash flows and returning capital to shareholders.

Ramelius Resources shares looking cheap

The broker maintained its buy rating on Ramelius shares, but reduced its price target from $5.80 to $4.74.

This compares to the current price of $3.75.

The broker added:

RMS remains our preferred mid-cap gold exposure, supported by a strong balance sheet, low cost operations and a clear pathway to production growth through the Mt Magnet hub and Rebecca Roe. The divestment of Edna May reinforces our view of management’s disciplined capital allocation, crystallising value from a non-core asset while focusing attention to higher-return growth opportunities. We continue to view RMS as one of the highest-quality operators in the Australian gold sector.

Ramelius announced on Monday it had awarded the $313 million Mount Magnet Expansion contract to NRW Holdings Ltd (ASX: NWH).

The scope of work includes the construction of a new crushing circuit and coarse ore stockpile, installation of a new grinding circuit, additional leach tanks, and associated gold processing infrastructure, resulting in an additional 3 million tonnes per annum of processing capacity.

Ramelius is valued at $7.06 billion.

The post Which ASX gold company is Morgans’ preferred mid cap buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Despite a material retrace since May’s all-time highs, PLS Group Ltd (ASX: PLS) shares have more than doubled investor’s money over the past year.

In late morning trade on Monday, shares in the S&P/ASX 200 Index (ASX: XJO) lithium stock– formerly known as Pilbara Minerals – are changing hands for $4.47 apiece.

That sees the share price up 106.7% in 12 months, smashing the 1.1% one-year losses posted by the ASX 200 over this same time.

And we’ve yet to include the final FY 2026 PLS dividend.

As you may know, PLS suspended its dividend payouts in 2024 following the global lithium price crash of 2023.

But with the spodumene (a lithium bearing ore) price up 95% over the past 12 months, PLS declared a final fully-franked dividend of 5 cents per share.

The ASX lithium stock traded ex-dividend on 2 September. If you owned PLS shares at market close on 1 September, you can expect to see that passive income hit your bank account next week, on 24 September.

Of course, that dividend and the remarkable one-year share price gains are all water under the bridge today.

And, while well up over 12 months, the spodumene price has fallen around 29% since its mid-May highs.

That’s seen short sellers come out to bet against the soaring ASX lithium stock. Indeed, as of market opening this morning, 11.2% of the miner’s shares were held short, putting it among the top ten most shorted stocks on the ASX this week.

Which brings us back to our headline question…

Are PLS shares still a good buy today?

Baker Young’s Toby Grimm recently analysed the outlook for the soaring Aussie lithium miner (courtesy of The Bull).

“This lithium producer generated group revenue of $1.934 billion in full year 2026, up 152 per cent on the prior corresponding period,” he noted.

“It was driven by a 121 per cent increase in the average realised price and record sales volumes,” Grimm added.

But with PLS shares having more than doubled in a year, Grimm issued a sell recommendation on the ASX 200 stock.

He concluded:

However, in our view, considerable optimism is already priced into the stock. Further details, including the benefits and risks, of potentially expanding the Pilgangoora operations are expected to be released in the December quarter.

After a strong share price run in the past year, we would consider cashing in some gains at these levels.

The post PLS shares have soared 107% in a year! Is the ASX 200 lithium stock now a buy, hold or sell? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

I think passive income is most valuable when you can see it continuing well into the future.

That means looking beyond the dividend available today and thinking about what could support those payments over the next decade.

With that said, these four ASX passive income stocks would be high on my list.

Commonwealth Bank of Australia (ASX: CBA)

CBA would be my first choice among the major banks.

Its dividend is supported by one of Australia’s strongest banking franchises, with millions of customers using the company for home loans, deposits, business banking, credit cards, and other financial services.

I particularly like CBA’s technology and customer relationships. Its digital capabilities make it easier to keep customers within the bank and offer them additional products over time.

Australian banking will always be competitive, and I would watch CBA’s premium valuation closely.

But if I were choosing a bank to provide income for the next decade, its combination of earnings strength and fully franked dividends would put it near the top of my list.

Aurizon Holdings Ltd (ASX: AZJ)

Aurizon gives income investors exposure to a completely different part of the economy.

The company operates rail freight services and owns rail infrastructure used to move commodities across Australia.

I like the infrastructure side of the business because these assets are difficult and expensive to replicate. Aurizon’s Network operation also earns revenue from customers using its rail infrastructure rather than relying entirely on the profitability of individual commodity producers.

There will still be fluctuations in freight volumes and commodity markets.

Even so, I think the essential nature of its transport infrastructure can support substantial cash generation and shareholder distributions over the long term.

HomeCo Daily Needs REIT (ASX: HDN)

HomeCo Daily Needs REIT would add property income to the mix.

The real estate investment trust owns properties centred around everyday spending, including supermarkets, neighbourhood retail centres, and other assets that consumers regularly visit.

I think that focus makes sense for an income investment.

People may delay large discretionary purchases when household budgets become tight, but groceries and other everyday needs remain part of regular spending.

As rents increase and the portfolio develops over time, there is also potential for the underlying income generated by these properties to grow.

Interest rates and property valuations can create volatility, so I would keep an eye on debt levels and funding costs.

But for a decade-long income portfolio, I like the type of property exposure the HomeCo Daily Needs REIT provides.

Transurban Group (ASX: TCL)

Transurban would round out my four picks.

The company operates major toll roads in Australia and North America, including CityLink in Melbourne, Cross City Tunnel in Sydney, and AirportLinkM7 in Brisbane.

Traffic volumes can grow as populations increase and cities become busier, while contractual toll increases provide another way for revenue to rise over time.

That creates the potential for dividends to increase as the underlying cash flows expand.

Transurban carries substantial debt and requires plenty of capital, so it is not a risk-free income investment. But its roads are long-life assets that millions of motorists rely on.

Foolish takeaway

If I were building passive income for the next 10 years, I would want more than a collection of today’s highest-yielding shares.

CBA, Aurizon, HomeCo Daily Needs REIT, and Transurban give me income supported by banking, freight infrastructure, everyday retail property, and toll roads.

I think that gives the portfolio several sources of cash flow while still leaving room for those payments to grow over time.

The post My top ASX passive income stocks for the next 10 years appeared first on The Motley Fool Australia.

More reading

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• Experts name 3 top ASX shares to buy this week
• Buy, hold, sell: NextDC, South32, CBA shares
• Are ASX shares heading for a crash? Here’s how I’m preparing

Motley Fool contributor Grace Alvino has positions in Commonwealth Bank Of Australia and Transurban Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.