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Ora Banda Mining
(Sydney:OBM)
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Rating:68Neutral
Price Target:
AU$1.00
▼(-32.89% Downside)
Action:Reiterated
Date:07/03/26
The score is anchored by strong financial performance (high profitability, low leverage, and improving cash generation), but is materially offset by weak technical conditions (price below major moving averages with negative MACD and sub-50 RSI). Valuation is supportive due to the low P/E, though the lack of dividend yield data limits additional valuation upside in the score.
Positive Factors
Margins & Profitability
Sustained high net and operating margins reflect durable operational efficiency at Davyhurst, supporting internal cash generation and resilience to moderate cost inflation. Strong margins enable reinvestment and buffer profit after fixed mining costs over the medium term.
Negative Factors
Historical Financial Volatility
Documented swings in revenue, margins and cash generation reduce predictability for budgets, capital allocation and dividend policy. This forces larger liquidity buffers, can raise funding costs, and complicates multi-quarter planning and investment decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Margins & Profitability
Sustained high net and operating margins reflect durable operational efficiency at Davyhurst, supporting internal cash generation and resilience to moderate cost inflation. Strong margins enable reinvestment and buffer profit after fixed mining costs over the medium term.
Read all positive factors
Ora Banda Mining (OBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.08B
Dividend YieldN/A
Average Volume (3M)11.83M
Price to Earnings (P/E)9.1
Beta (1Y)1.69
Revenue Growth82.10%
EPS Growth237.67%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.12
Shares Outstanding1,927,653,100
10 Day Avg. Volume8,065,426
30 Day Avg. Volume11,830,942
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)5.07
Price to Sales (P/S)3.59
P/FCF Ratio19.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.83Price Target Upside22.82% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.11
Revenue Forecast (FY)AU$876.54M
Ora Banda Mining Business Overview & Revenue Model
Company Description
Ora Banda Mining Limited, founded in 2002 and headquartered in West Perth, Australia, is an enterprise focused on the exploration, operation, and development of mineral resources throughout Australia. The company's prospecting activities target a ...
How the Company Makes Money
OBM primarily makes money by producing and selling gold. Revenue is generated when mined ore is processed into gold (typically poured as doré/bullion) and sold into the gold market, with realized revenue driven mainly by the volume of gold produce...
Ora Banda Mining Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 554.15M | 404.29M | 214.24M | 135.89M | 154.26M | 25.11M |
| Gross Profit | 240.66M | 153.00M | 22.56M | -31.58M | -6.00M | -8.85M |
| EBITDA | 259.75M | 165.48M | 54.44M | -23.59M | -45.20M | -14.54M |
| Net Income | 231.54M | 186.08M | 27.57M | -44.13M | -87.94M | -22.28M |
Balance Sheet | ||||||
| Total Assets | 569.91M | 444.42M | 195.81M | 114.62M | 100.74M | 172.51M |
| Cash, Cash Equivalents and Short-Term Investments | 155.44M | 84.18M | 26.80M | 24.73M | 27.75M | 24.22M |
| Total Debt | 36.18M | 39.90M | 31.09M | 31.80M | 24.34M | 27.19M |
| Total Liabilities | 180.21M | 158.04M | 99.03M | 83.53M | 65.91M | 70.49M |
| Stockholders Equity | 389.70M | 286.38M | 96.79M | 31.09M | 34.84M | 102.02M |
Cash Flow | ||||||
| Free Cash Flow | 197.58M | 76.47M | -32.84M | -40.19M | -14.41M | -58.67M |
| Operating Cash Flow | 283.19M | 190.46M | 36.25M | -23.47M | 24.76M | -11.24M |
| Investing Cash Flow | -161.02M | -114.99M | -39.49M | -11.24M | -27.60M | -43.32M |
| Financing Cash Flow | -24.57M | -18.09M | 5.31M | 31.68M | 6.38M | 68.20M |
Ora Banda Mining Technical Analysis
Negative
1.49
Price Trends
1.26
Negative
1.29
Negative
1.30
Negative
Market Momentum
-0.05
Positive
41.36
Neutral
43.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OBM, the sentiment is Negative. The current price of 1.49 is above the 20-day moving average (MA) of 1.17, above the 50-day MA of 1.26, and above the 200-day MA of 1.30, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 41.36 is Neutral, neither overbought nor oversold. The STOCH value of 43.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:OBM.
Ora Banda Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$462.79M | 1.70 | 79.54% | ― | 161.65% | 2191.43% | |
68 Neutral | AU$2.08B | 9.08 | 68.49% | ― | 82.10% | 237.67% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$861.28M | 7.48 | 19.74% | ― | 53.05% | ― | |
47 Neutral | AU$666.92M | 36.52 | 6.29% | ― | ― | ― | |
45 Neutral | AU$1.94B | -35.01 | -6.70% | ― | 17.08% | -158.79% | |
41 Neutral | AU$568.60M | -11.42 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:OBM
Ora Banda Mining
1.07
0.40
61.36%
AU:FML
Focus Minerals Ltd
1.56
1.19
326.03%
AU:PNR
Pantoro Gold Limited
1.99
-0.91
-31.31%
AU:SBM
St. Barbara
0.46
0.18
61.40%
AU:BC8
Black Cat Syndicate Ltd.
0.90
0.12
15.38%
AU:BGL
Bellevue Gold Limited
1.28
0.37
39.89%
Ora Banda Mining Corporate Events
Ora Banda Mining Seeks ASX Quotation for Additional Shares
Jun 30, 2026
Ora Banda Mining Ltd has applied for quotation of 210,000 new ordinary fully paid shares on the ASX, with an issue date of 23 June 2026. The additional securities, arising from exercised options or conversions, modestly expand the company’s ...
Ora Banda Mining reports lapse of employee incentive rights
Jun 30, 2026
Ora Banda Mining has notified the market of the cessation of several classes of employee equity rights, including retention rights expiring in June 2029 and performance rights under the FY26 long-term incentive plan expiring in June 2030. A total ...
Ora Banda Mining Tightens Governance with Revised Securities Trading Policy
Jun 29, 2026
Ora Banda Mining Limited has revised its Securities Trading Policy, releasing the updated framework to the market following approval by its board of directors. The policy is designed to ensure that directors, employees and contractors comply with ...
Ora Banda director boosts indirect stake via share-based fee payment
May 25, 2026
Ora Banda Mining has disclosed a change in director Peter Mansell’s relevant interests in company securities, following an issue of fully paid ordinary shares. The new shares were issued to his spouse, Elizabeth Jane Mansell, in lieu of cash...
Ora Banda Mining Cancels Unvested Incentive and Retention Rights
May 25, 2026
Ora Banda Mining has notified the market that several classes of retention and performance rights, linked to its long-term incentive and retention plans, have lapsed after conditions were not met or became incapable of being satisfied. The cessati...
Ora Banda Mining Seeks ASX Quotation for 200,000 New Shares
May 25, 2026
Ora Banda Mining has applied to the ASX for quotation of 200,000 additional ordinary fully paid shares, issued on 1 April 2026. The modest increase in quoted securities slightly expands the company’s free float and may reflect the exercise o...
Ora Banda Mining Appoints New Director With No Current Equity Interest
Apr 30, 2026
Ora Banda Mining Ltd has announced the appointment of John Richards as a director of the company, effective 1 May 2026. In the required notice to the ASX, the company reported that Richards holds no relevant interests in Ora Banda Mining securitie...
Ora Banda Mining names John Richards as incoming chair to steer next growth phase
Apr 27, 2026
Ora Banda Mining has appointed veteran mining executive John Richards as a Non-Executive Director effective 1 May 2026, with the expectation that he will assume the role of Chair following the planned retirement of current Chair Peter Mansell at t...
Ora Banda Confirms High-Grade Potential at Golden Pole to Bolster Waihi Underground Plans
Apr 20, 2026
Ora Banda Mining has reported strong infill and extensional drilling results at the Golden Pole lode within its Waihi Project in Western Australia, confirming thick, high-grade gold mineralisation and defining a parallel high-grade shoot with sign...
Ora Banda posts record gold output, cash flow as Davyhurst resources surge
Apr 15, 2026
Ora Banda Mining reported a record March 2026 quarter with gold production of 38,766 ounces, a 21% increase on the prior quarter, generating $76.3 million in free cash flow and lifting cash on hand to $231.7 million. While all-in sustaining costs ...
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.