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Rand Mining Limited
(Sydney:RND)
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Rating:75Outperform
Price Target:
AU$2.50
▲(1.21% Upside)
Action:Reiterated
Date:09/25/26
The score is anchored by strong financial performance (high margins, growth, and minimal leverage) and supportive valuation (low P/E with a solid dividend yield). These positives are tempered by weak technicals, with the stock trading below all major moving averages and negative momentum indicators.
Positive Factors
High profitability and growth
Very high gross, operating, and net margins show strong profitability in the latest annual period, while revenue growth into 2026 indicates improving scale. Together, these factors support internal funding capacity and a stronger operating base over the next several quarters.
Negative Factors
Revenue cyclicality
The history of revenue declines in 2022 and 2023 shows that performance can weaken materially across the cycle. This variability makes future growth less predictable and means strong recent revenue expansion may not persist consistently over multiple reporting periods.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and growth
Very high gross, operating, and net margins show strong profitability in the latest annual period, while revenue growth into 2026 indicates improving scale. Together, these factors support internal funding capacity and a stronger operating base over the next several quarters.
Read all positive factors
Rand Mining Limited (RND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$119.44M
Dividend Yield4.73%
Average Volume (3M)4.17K
Price to Earnings (P/E)5.0
Beta (1Y)0.42
Revenue Growth19.64%
EPS Growth81.68%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.42
Shares Outstanding56,875,960
10 Day Avg. Volume5,818
30 Day Avg. Volume4,169
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.08
Price to Sales (P/S)2.58
P/FCF Ratio23.86
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
Rand Mining Limited Business Overview & Revenue Model
Company Description
Australian-based Rand Mining Limited is actively engaged in the exploration, development, and production of mineral resources across the continent. The company's primary focus is on identifying and extracting gold and silver deposits. It holds a 1...
How the Company Makes Money
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Rand Mining Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
72
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 51.77M | 43.28M | 34.76M | 30.14M | 32.06M |
| Gross Profit | 29.65M | 29.74M | 35.16M | 17.14M | 19.05M |
| EBITDA | 32.16M | 26.57M | 13.32M | 14.81M | 18.57M |
| Net Income | 23.86M | 13.13M | 6.66M | 8.22M | 10.66M |
Balance Sheet | |||||
| Total Assets | 133.56M | 112.74M | 104.24M | 102.07M | 104.67M |
| Cash, Cash Equivalents and Short-Term Investments | 2.09M | 3.57M | 3.17M | 2.16M | 2.16M |
| Total Debt | 983.24K | 0.00 | 0.00 | 11.48K | 216.39K |
| Total Liabilities | 9.28M | 6.63M | 5.58M | 4.38M | 9.51M |
| Stockholders Equity | 124.28M | 106.11M | 98.67M | 97.69M | 95.16M |
Cash Flow | |||||
| Free Cash Flow | 5.60M | 6.01M | 6.71M | 5.83M | 7.05M |
| Operating Cash Flow | 16.14M | 19.54M | 14.45M | 9.25M | 11.11M |
| Investing Cash Flow | -11.51M | -13.45M | -7.75M | -3.38M | -4.02M |
| Financing Cash Flow | -6.12M | -5.69M | -5.70M | -5.87M | -6.28M |
Rand Mining Limited Technical Analysis
Negative
2.47
Price Trends
2.22
Negative
2.31
Negative
2.42
Negative
Market Momentum
-0.04
Negative
41.56
Neutral
46.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RND, the sentiment is Negative. The current price of 2.47 is above the 20-day moving average (MA) of 2.16, above the 50-day MA of 2.22, and above the 200-day MA of 2.42, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 41.56 is Neutral, neither overbought nor oversold. The STOCH value of 46.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RND.
Rand Mining Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$119.44M | 5.05 | 20.31% | 4.73% | 19.64% | 81.68% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$100.05M | -23.85 | -6.15% | ― | ― | 67.92% | |
48 Neutral | AU$170.39M | -12.50 | -10.42% | ― | ― | -17.39% | |
47 Neutral | AU$125.20M | -7.83 | -27.74% | ― | ― | 75.42% | |
43 Neutral | AU$95.52M | -12.00 | -10.71% | ― | ― | -133.33% | |
42 Neutral | AU$121.06M | 7.12 | 20.78% | ― | 331.30% | ― |
* Basic Materials Sector Average
AU:RND
Rand Mining Limited
2.12
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-12.32%
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Rand Mining Limited Corporate Events
Rand Mining Updates ASX Corporate Governance Disclosures
Sep 25, 2026
Rand Mining Limited has lodged its updated corporate governance statement for the year ended 30 June 2026 with the ASX, confirming that the statement is current as of 24 September 2026 and available on its website. The filing, made alongside the r...
Rand Mining Outlines 2026 Governance Framework and Diversity Stance
Sep 25, 2026
Rand Mining Limited has released its 2026 Corporate Governance Statement, confirming broad alignment with the ASX Corporate Governance Council’s principles while noting limited exceptions due to its current size and scale. The Board retains ...
Rand Mining Releases 2026 Annual Report Highlighting Financial and Resource Position
Sep 24, 2026
Rand Mining Limited has released its annual report for the year ended 30 June 2026, providing audited consolidated financial statements, directors’ reports, and details on mineral resources and ore reserves. The report offers shareholders an...
Rand Mining releases updated EKJV resource and reserve statement
Aug 9, 2026
Rand Mining Limited, an ASX-listed gold producer, has reaffirmed its position as a minority partner in the East Kundana Joint Venture near Kalgoorlie, where it holds a 12.25% stake alongside Tribune Resources and Evolution Mining. The company̵...
Rand Mining Releases Updated EKJV Resource and Reserve Statement
Aug 5, 2026
Rand Mining Limited has released the latest Mineral Resource and Ore Reserve Statement for the East Kundana Joint Venture as at 31 December 2025, based on information supplied by Northern Star Resources and prepared by Evolution Mining. The EKJV, ...
Rand Mining Publishes Q4 FY2026 EKJV Resource and Reserve Update
Jul 30, 2026
Rand Mining Limited has released the latest Mineral Resources and Ore Reserve Statement for the East Kundana Joint Venture for the fourth quarter of FY2026, as provided by operator Evolution Mining Limited. The company stresses that the technical ...
Rand Mining Cashflows Turn Negative as Golden Hind Production Ramps Up
Jul 29, 2026
Rand Mining Limited reported a decline in cash and cash equivalents to $2.086 million at 30 June 2026 from $3.78 million in March, driven by lower quarterly gold sales of $11.9 million and higher mine development and production costs. Operating ca...
Rand Mining Announces Resignation of Joint Company Secretary
Jun 25, 2026
Rand Mining Ltd is an Australian-listed mining company focused on resource exploration and development, operating in the broader mining sector under the ASX ticker RND. The company is overseen by a board including a chairman, managing director and...
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.