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Orion Minerals Limited
(Sydney:ORN)
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Rating:42Neutral
Price Target:
AU$0.02
▲(5.00% Upside)
Action:Reiterated
Date:09/18/26
The score is driven primarily by very weak financial performance (zero/immaterial revenue, persistent losses, and ongoing negative operating and free cash flow), which outweighs the balance-sheet cushion. Technicals add further pressure with extremely weak momentum (very low RSI and negative MACD). Valuation does not offset these risks because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Balance-sheet cushion
A sizable equity base relative to assets and moderate recent debt-to-equity of roughly 0.24–0.39 provide some financial flexibility. This cushion can help Orion continue advancing projects and absorb funding demands, although it does not remove the need to reach commercial cash generation.
Negative Factors
No meaningful operating scale
Zero or immaterial revenue means Orion has not yet established a meaningful operating base from customer sales. That limits internal funding capacity, leaves project advancement dependent on financing or transactions, and makes future earnings highly contingent on successful mine development.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet cushion
A sizable equity base relative to assets and moderate recent debt-to-equity of roughly 0.24–0.39 provide some financial flexibility. This cushion can help Orion continue advancing projects and absorb funding demands, although it does not remove the need to reach commercial cash generation.
Read all positive factors
Orion Minerals Limited (ORN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$197.00M
Dividend YieldN/A
Average Volume (3M)974.27K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue GrowthN/A
EPS Growth29.41%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding8,954,380,000
10 Day Avg. Volume974,730
30 Day Avg. Volume974,266
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)1.49
Price to Sales (P/S)0.00
P/FCF Ratio-18.40
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)>-0.01
Revenue Forecast (FY)AU$18.50M
Orion Minerals Limited Business Overview & Revenue Model
Company Description
Orion Minerals Ltd. is an exploration and development company focused on mineral assets across Australia and South Africa. Its primary targets include gold, zinc, copper, nickel, silver, cobalt, and platinum group metals (PGMs). A cornerstone asse...
How the Company Makes Money
Orion Minerals’ revenue model is primarily tied to the exploration and development lifecycle rather than established operating mine production. The company’s potential ways of making money include (1) developing mineral projects to a stage where t...
Orion Minerals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 385.00K | 381.00K | 75.00K | 58.00K |
| Gross Profit | -830.00K | 385.00K | 381.00K | -97.00K | -87.00K |
| EBITDA | -12.16M | -12.31M | -4.98M | -16.52M | -15.09M |
| Net Income | -9.52M | -11.86M | -5.39M | -15.33M | -14.29M |
Balance Sheet | |||||
| Total Assets | 173.39M | 143.22M | 136.60M | 92.36M | 89.64M |
| Cash, Cash Equivalents and Short-Term Investments | 14.46M | 208.00K | 8.27M | 7.56M | 4.29M |
| Total Debt | 32.69M | 38.27M | 25.86M | 3.50M | 4.08M |
| Total Liabilities | 52.93M | 56.72M | 43.66M | 7.74M | 8.74M |
| Stockholders Equity | 134.11M | 98.83M | 102.18M | 92.87M | 85.81M |
Cash Flow | |||||
| Free Cash Flow | -10.84M | -23.91M | -28.96M | -13.92M | -17.61M |
| Operating Cash Flow | -10.68M | -7.88M | -12.07M | -9.96M | -12.93M |
| Investing Cash Flow | -5.61M | -16.00M | -18.25M | -4.43M | -5.04M |
| Financing Cash Flow | 30.34M | 15.83M | 30.52M | 18.35M | 1.85M |
Orion Minerals Limited Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
44.42
Neutral
-23.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ORN, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.42 is Neutral, neither overbought nor oversold. The STOCH value of -23.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ORN.
Orion Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$156.93M | -107.69 | -2.01% | 4.26% | ― | 67.90% | |
49 Neutral | AU$436.13M | -12.16 | -22.64% | ― | ― | -400.00% | |
46 Neutral | AU$152.86M | 3.15 | 7.74% | 3.70% | -13.27% | ― | |
45 Neutral | AU$97.46M | -26.67 | -20.92% | ― | ― | -150.00% | |
45 Neutral | AU$216.98M | -21.69 | -6.54% | ― | -100.00% | -1.84% | |
42 Neutral | AU$197.00M | -21.95 | -7.65% | ― | ― | 29.41% |
* Basic Materials Sector Average
AU:ORN
Orion Minerals Limited
0.03
<0.01
38.89%
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Orion Minerals Limited Corporate Events
Tembo Capital and Ndovu Exit Substantial Holding in Orion Minerals
Oct 1, 2026
Orion Minerals has disclosed that Tembo Capital Mining Fund II LP and its associate Ndovu Capital X B.V. have ceased to be substantial shareholders in the company. The change follows Ndovu’s sale of more than 1.08 billion Orion ordinary shar...
Orion Minerals Files 2026 Corporate Governance Statement and Appendix 4G
Sep 17, 2026
Orion Minerals has lodged its 2026 Appendix 4G and Corporate Governance Statement with the ASX and JSE in line with listing rule requirements. The governance statement, current as of 17 September 2026, is available on the company’s website a...
Orion Minerals Maps Path to Copper Growth in 2026 Annual Report
Sep 17, 2026
Orion Minerals’ 2026 Annual Report outlines its operational performance, financial position, and strategic progress for the year ended 30 June 2026, framed around a three-pillar strategy of foundation, growth, and future opportunity. The rep...
Orion Minerals Joins BHP Xplor Investment Showcase in New York
Sep 16, 2026
Orion Minerals will present at the BHP Xplor 121 Mining Investment Showcase in New York on 17 September 2026, with Executive Marcus Birch representing the company as part of BHP’s 2026 Xplor accelerator cohort. The event offers Orion direct...
S&P Dow Jones Unveils Broad Rebalance Across S&P/ASX Indices
Sep 4, 2026
SP Dow Jones Indices has announced the September 2026 quarterly rebalance of the SP/ASX index family, with changes taking effect before trading opens on September 21. The SP/ASX 20 remains unchanged, while Mineral Resources and NEXTDC join the SP/...
Orion Minerals ramps up investor outreach as it shifts from explorer to producer
Sep 2, 2026
Orion Minerals Limited, a dual-listed Australian resources company focused on copper and zinc in South Africa’s Northern Cape, is advancing its transition from explorer to producer with the Prieska Copper Zinc Mine as a flagship project.The ...
Orion Minerals Boosts Cash Reserves via Equity Raising Despite Heavy Exploration Outflows
Jul 31, 2026
Orion Minerals Limited reported a cash-intensive quarter characterised by significant outflows on exploration, evaluation and corporate costs, underscoring its status as a non-producing exploration company still in the project-building phase. Oper...
Orion Minerals Nears Key Glencore Financing Milestones for Prieska Project
Jul 31, 2026
Orion Minerals has reported substantive progress in meeting conditions precedent for its financing and offtake agreements with Glencore, a cornerstone arrangement for advancing the Prieska copper-zinc project. Regulatory approval from the South Af...
Orion Minerals Secures Shareholder Backing for Prior Capital Raisings
Jul 30, 2026
Shareholders of Orion Minerals Limited approved all resolutions put to a General Meeting held in Perth and linked to prior capital-raising actions. The resolutions, passed by poll with overwhelming majorities, ratified earlier issues of shares and...
Orion Minerals Options Lapse, Trimming Potential Equity Dilution
Jul 9, 2026
Orion Minerals has allowed two series of listed options, each totaling 1,000,000 securities and expiring in September 2030, to lapse without being exercised. The cessation of these options, effective 9 July 2026, modestly reduces the company’...
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.