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Ora Gold
(Sydney:NMG)
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Rating:72Outperform
Price Target:
AU$0.09
▲(80.00% Upside)
Action:Reiterated
Date:08/21/26
The score is driven by a strong balance sheet and improved profitability, but materially offset by negative operating and free cash flow that weakens earnings quality. Technicals are bullish with price above major moving averages, though momentum is stretched. Valuation is supportive due to the low P/E.
Positive Factors
Profitability Inflection
The shift from several years of losses to positive EBIT, EBITDA, and net income indicates a meaningful operating inflection. If the improved margins persist, profitability can strengthen internal funding capacity and support reinvestment over the next several quarters.
Negative Factors
Negative Cash Conversion
Negative operating and free cash flow means reported profits are not yet translating into cash resources. Persistent cash deficits could require funding or draw on the balance sheet, limiting financial flexibility and weakening the quality and durability of earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Inflection
The shift from several years of losses to positive EBIT, EBITDA, and net income indicates a meaningful operating inflection. If the improved margins persist, profitability can strengthen internal funding capacity and support reinvestment over the next several quarters.
Read all positive factors
Ora Gold (NMG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$880.89M
Dividend YieldN/A
Average Volume (3M)23.60M
Price to Earnings (P/E)6.9
Beta (1Y)0.85
Revenue Growth1594866.18%
EPS GrowthN/A
CountryAU
Employees9
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding10,875,205,000
10 Day Avg. Volume34,170,087
30 Day Avg. Volume23,603,672
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)4.90
Price to Sales (P/S)15.90
P/FCF Ratio-27.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ora Gold Business Overview & Revenue Model
Company Description
New Murchison Gold Limited engages in the mineral exploration activities in Australia. The company primarily explores for gold. Its flagship property is the Garden Gully property consisting of 677 square kilometers tenure package located in the Ab...
How the Company Makes Money
null...
Ora Gold Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
28
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 219.29M | 17.96M | 13.75K | 24.03K | 378.00 | 2.00K |
| Gross Profit | 150.41M | 8.34M | 0.00 | 24.03K | -12.57K | -19.22K |
| EBITDA | 161.91M | 7.16M | -2.59M | -1.97M | -2.05M | -2.18M |
| Net Income | 126.74M | 4.79M | -2.71M | -2.16M | -2.31M | -2.40M |
Balance Sheet | ||||||
| Total Assets | 232.08M | 77.11M | 14.75M | 7.11M | 243.69K | 367.26K |
| Cash, Cash Equivalents and Short-Term Investments | 155.65M | 19.75M | 3.39M | 2.30M | 108.74K | 257.45K |
| Total Debt | 370.00K | 479.43K | 112.27K | 165.36K | 4.32M | 3.46M |
| Total Liabilities | 50.65M | 18.87M | 1.09M | 2.14M | 4.64M | 3.77M |
| Stockholders Equity | 181.42M | 58.24M | 13.66M | 4.97M | -4.39M | -3.40M |
Cash Flow | ||||||
| Free Cash Flow | 133.86M | -10.47M | -3.24M | -4.10M | -2.06M | -2.20M |
| Operating Cash Flow | 141.28M | -3.80M | -3.18M | -765.88K | -905.95K | -1.03M |
| Investing Cash Flow | -22.10M | -18.00M | -6.17M | -3.67M | -1.14M | -1.17M |
| Financing Cash Flow | 15.02M | 38.15M | 10.44M | 6.63M | 1.90M | 722.50K |
Ora Gold Technical Analysis
Positive
0.05
Price Trends
0.05
Positive
0.05
Positive
0.05
Positive
Market Momentum
<0.01
Negative
75.97
Negative
86.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NMG, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 75.97 is Negative, neither overbought nor oversold. The STOCH value of 86.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NMG.
Ora Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$791.42M | 9.41 | 19.73% | 2.20% | 39.82% | 68.86% | |
72 Outperform | AU$880.89M | 6.92 | 105.77% | ― | 1594866.18% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$68.58M | -8.47 | -31.85% | ― | ― | 46.56% | |
43 Neutral | AU$248.25M | -36.59 | 1.57% | ― | ― | 93.36% | |
38 Underperform | AU$185.29M | -16.79 | -13.64% | ― | ― | 78.52% |
* Basic Materials Sector Average
AU:NMG
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Ora Gold Corporate Events
New Murchison Gold Boosts Capital Through Incentive Plan Share Conversion
Aug 14, 2026
New Murchison Gold Limited has issued 10,963,249 fully paid ordinary shares following the exercise and conversion of unlisted performance rights under its Employee Incentive Plan. The shares have been applied for quotation on the ASX, signalling a...
New Murchison Gold Seeks ASX Quotation for Over 10 Million New Shares
Aug 14, 2026
New Murchison Gold Limited has applied for the quotation of 10,253,407 ordinary fully paid shares on the ASX, with the securities issued on October 7, 2025. The application under Appendix 2A reflects the company’s ongoing use of capital mark...
New Murchison Gold Seeks ASX Quotation for Additional Shares
Aug 14, 2026
New Murchison Gold Limited has applied for quotation of 709,842 ordinary fully paid shares on the Australian Securities Exchange, formalising the issue of new equity under its NMG ticker. The shares, issued on January 16, 2026, reflect the convers...
New Murchison Gold Corrects ASX Filing on Unquoted Securities
Aug 14, 2026
New Murchison Gold Limited has clarified that a previously lodged corporate filing regarding unquoted securities was submitted on the wrong ASX form. The company operates in the gold exploration and mining industry, with its securities traded unde...
New Murchison Gold Performance Rights Lapse After Conditions Not Met
Aug 14, 2026
New Murchison Gold Limited, an Australian gold exploration and mining company listed on the ASX under ticker NMG, structures its capital with ordinary shares and performance-based securities tied to operational or strategic milestones. The use of ...
New Murchison Gold Expands Equity Base Through Conversion of Unquoted Securities
Aug 14, 2026
New Murchison Gold Limited has reported the issue and conversion of unquoted securities into 709,842 fully paid ordinary shares, dated January 16, 2026. The move modestly expands the company’s equity base, potentially affecting existing shar...
New Murchison Gold Converts Unquoted Securities Into 10.3m New Shares
Aug 14, 2026
New Murchison Gold Limited has notified the market of the issue of 10,253,407 ordinary fully paid shares following the conversion or exercise of previously unquoted options or other unquoted convertible securities. The new shares, dated 7 October ...
New Murchison Gold Clears 255,370 Lapsed Performance Rights From Its Capital Structure
Aug 11, 2026
New Murchison Gold Limited has notified the market of the cessation of 255,370 performance rights, which lapsed after the underlying conditions were not met or became incapable of being satisfied. The move slightly streamlines the company’s ...
New Murchison Gold Reaffirms JORC-Compliant Gold Resource Reporting
Jul 22, 2026
New Murchison Gold Limited has released an investor presentation dated 20 July 2026 that consolidates current information on its operations, Mineral Resources and Ore Reserves in the Murchison goldfield. The document underscores that the data is s...
New Murchison Gold boosts Cloudkicker resource with high-grade intercepts
Jul 15, 2026
New Murchison Gold Limited has reported high-grade gold intercepts from recent grade control and resource definition drilling at the Cloudkicker deposit, adjacent to the Crown Prince open pit at its Garden Gully project in Western Australia. The r...
New Murchison Gold Cancels 348,905 Unvested Performance Rights
Jun 26, 2026
New Murchison Gold Limited, an ASX-listed gold exploration and mining company, structures part of its capital base through performance rights that align stakeholder incentives with project and share price outcomes. These securities form a componen...
New Murchison boosts Garden Gully resources with maiden estimates and higher confidence
Jun 24, 2026
New Murchison Gold Limited has reported a 47% increase in the global Mineral Resource Estimate at its Garden Gully Gold Project, lifting the remaining resource to 4.42 million tonnes at 2.5 grams per tonne for 359,000 ounces of contained gold. Mea...
New Murchison Gold Relocates Corporate Office in West Perth
Jun 19, 2026
New Murchison Gold has announced a change to its registered and principal administrative office, which from 22 June 2026 will be located at Suite 5, Level 1, 16 Ord Street, West Perth, Western Australia. The move consolidates the company’s c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.