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Ora Banda Mining (AU:OBM)
ASX:OBM
Australian Market

Ora Banda Mining (OBM) AI Stock Analysis

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AU:OBM

Ora Banda Mining

(Sydney:OBM)

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Outperform 78 (OpenAI - 4o)
Rating:78Outperform
Price Target:
AU$1.50
▼(-1.32% Downside)
Ora Banda Mining's strong financial performance and positive technical indicators are the primary drivers of its stock score. The company's robust revenue growth, profitability, and cash flow generation enhance its financial stability. The technical analysis supports a bullish outlook, although caution is advised due to potential overbought conditions. The valuation is fair, but the lack of a dividend yield may deter some investors.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong demand for OBM's gold products and effective execution of its business strategy, enhancing long-term market position.
Cash Flow Generation
Strong cash flow generation supports operational flexibility and investment in growth opportunities, ensuring financial stability over time.
Balance Sheet Health
A healthy balance sheet with low leverage enhances OBM's ability to withstand economic fluctuations and invest in future growth.
Negative Factors
Historical Financial Volatility
Past volatility in financial performance could challenge OBM's ability to maintain current growth and profitability, impacting long-term predictability.
Profit Margin Volatility
Fluctuating profit margins may indicate challenges in cost control or market pricing, which could affect long-term profitability.
Cash Flow Volatility
Volatile cash flows can affect OBM's ability to fund operations and investments consistently, posing a risk to financial stability.

Ora Banda Mining (OBM) vs. iShares MSCI Australia ETF (EWA)

Ora Banda Mining Business Overview & Revenue Model

Company DescriptionOra Banda Mining Limited engages in the exploration, operation, and development of mineral properties in Australia. The company explores for gold, nickel, copper, lithium, and base metal deposits. It holds 100 % interest in the Davyhurst Gold project comprises 92 tenements covering an area of approximately 1,210 square kilometers located in North-West of Kalgoorlie, Western Australia. Its production deposits also include the Riverina, Sand King, Missouri, Waihi, Callion, Lady Ida, Mulline, and Golden Eagle projects. The company was formerly known as Eastern Goldfields Limited and changed its name to Ora Banda Mining Limited in June 2019. Ora Banda Mining Limited was incorporated in 2002 and is based in West Perth, Australia.
How the Company Makes MoneyOra Banda Mining generates revenue primarily through the extraction and sale of gold from its mining operations. The company's revenue model is built around the production of gold, which is then sold in the global market. Key revenue streams include the direct sales of gold bullion and the potential for gold concentrate sales, depending on the processing methods employed. Additionally, OBM may benefit from strategic partnerships with other mining companies or stakeholders that facilitate resource sharing, technology exchange, or joint ventures, which can enhance operational efficiencies and reduce costs. Factors contributing to its earnings include gold market prices, operational efficiency, and the successful execution of its exploration and development projects.

Ora Banda Mining Financial Statement Overview

Summary
Ora Banda Mining has demonstrated strong financial performance with significant improvements in revenue, profitability, and cash flow generation. The company's low leverage and high return on equity further enhance its financial stability. However, historical fluctuations in financial metrics suggest potential risks in maintaining current performance levels.
Income Statement
Ora Banda Mining has shown a strong revenue growth rate of 32.86% in the latest year, indicating a significant improvement in its operational performance. The company has achieved a high net profit margin of 46.01%, reflecting effective cost management and profitability. The EBIT and EBITDA margins are also robust at 28.35% and 40.92%, respectively, showcasing operational efficiency. However, the historical volatility in revenue and profit margins suggests potential risks in maintaining these levels.
Balance Sheet
The balance sheet reflects a healthy financial position with a low debt-to-equity ratio of 0.14, indicating prudent leverage management. The return on equity is impressive at 64.96%, demonstrating strong profitability relative to shareholder investment. The equity ratio of 64.46% suggests a solid capital structure with a significant portion of assets financed by equity. However, the company's past fluctuations in equity and debt levels may pose risks to financial stability.
Cash Flow
The cash flow statement shows a remarkable free cash flow growth rate of 202.96%, highlighting substantial improvements in cash generation. The operating cash flow to net income ratio of 1.02 indicates efficient conversion of income into cash. The free cash flow to net income ratio of 0.41 suggests a positive cash flow position. Despite these strengths, historical volatility in cash flows could impact future liquidity.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue404.29M404.29M214.24M135.89M154.26M25.11M
Gross Profit153.00M153.00M22.56M-31.58M-6.00M-8.85M
EBITDA165.48M165.48M54.44M-23.59M-45.20M-14.54M
Net Income186.08M186.08M27.57M-44.13M-87.94M-22.28M
Balance Sheet
Total Assets444.42M444.42M195.81M114.62M100.74M172.51M
Cash, Cash Equivalents and Short-Term Investments84.18M84.18M26.80M24.73M27.75M24.22M
Total Debt39.90M39.90M31.09M31.80M24.34M27.19M
Total Liabilities158.04M158.04M99.03M83.53M65.91M70.49M
Stockholders Equity286.38M286.38M96.79M31.09M34.84M102.02M
Cash Flow
Free Cash Flow76.47M76.47M-32.84M-40.19M-14.41M-58.67M
Operating Cash Flow190.46M190.46M36.25M-23.47M24.76M-11.24M
Investing Cash Flow-114.99M-114.99M-39.49M-11.24M-27.60M-43.32M
Financing Cash Flow-18.09M-18.09M5.31M31.68M6.38M68.20M

Ora Banda Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.52
Price Trends
50DMA
1.31
Positive
100DMA
1.20
Positive
200DMA
1.06
Positive
Market Momentum
MACD
0.07
Positive
RSI
62.20
Neutral
STOCH
65.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OBM, the sentiment is Positive. The current price of 1.52 is above the 20-day moving average (MA) of 1.45, above the 50-day MA of 1.31, and above the 200-day MA of 1.06, indicating a bullish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 62.20 is Neutral, neither overbought nor oversold. The STOCH value of 65.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:OBM.

Ora Banda Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
AU$2.92B15.3897.13%88.71%541.56%
76
Outperform
AU$5.86B24.8113.09%130.98%
73
Outperform
AU$4.16B47.2314.25%17.59%0.98%
70
Outperform
$5.97B164.162.43%0.46%89.86%-81.65%
69
Neutral
AU$1.88B15.6827.46%14.01%331.24%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:OBM
Ora Banda Mining
1.52
0.78
105.41%
AU:CYL
Catalyst Metals Limited
7.23
4.21
139.40%
AU:EMR
Emerald Resources NL
6.30
2.93
86.94%
AU:WGX
Westgold Resources
6.32
3.72
143.17%
AU:VAU
Vault Minerals Limited
5.62
3.41
154.30%

Ora Banda Mining Corporate Events

Ora Banda Mining Seeks ASX Quotation for 250,000 New Shares
Dec 24, 2025

Ora Banda Mining Ltd has applied to the ASX for the quotation of 250,000 new fully paid ordinary shares, issued on 16 December 2025. The modest enlargement of the company’s quoted share capital reflects the conversion or exercise of existing securities and marginally increases the free float, but does not signal a major change to its capital structure or operational strategy.

The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.22 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Cancels 174,582 Unvested Performance Rights
Dec 24, 2025

Ora Banda Mining has notified the market of the cessation of 174,582 performance rights (security code OBMAX) that were due to expire on 30 June 2029 under its FY25 long-term incentive plan. The rights lapsed on 24 December 2025 because the relevant performance or vesting conditions were not met or were no longer capable of being satisfied, resulting in a reduction of potential future equity dilution for existing shareholders and a modest adjustment to the company’s issued capital profile.

The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.22 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Reports Significant Mineralisation Extensions at Sand King
Dec 17, 2025

Ora Banda Mining has announced significant progress in its drilling operations at the Sand King project within the northern corridor, uncovering extensive mineralisation outside the current life-of-mine plan. With promising high-grade findings from surface and underground drilling, this development signals potential for robust growth in resource inventory and mine life extensions, reinforcing the project’s significance for the company’s long-term objectives.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Announces Quotation of New Securities
Dec 10, 2025

Ora Banda Mining Ltd has announced the quotation of 5,000,000 ordinary fully paid securities on the Australian Securities Exchange, effective December 10, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market position and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

UBS Group AG Ceases Substantial Holding in Ora Banda Mining
Nov 20, 2025

Ora Banda Mining Ltd has announced that UBS Group AG and its related bodies corporate have ceased to be substantial shareholders as of November 18, 2025. This change in shareholding may impact the company’s stockholder dynamics and could influence its market perception, although specific implications for stakeholders were not detailed in the release.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Secures Shareholder Support at AGM
Nov 19, 2025

Ora Banda Mining Ltd announced that all resolutions presented at its Annual General Meeting were successfully carried by a poll. This outcome reflects strong shareholder support for the company’s current management and strategic direction, potentially reinforcing its market position and stakeholder confidence.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Outlines Future Plans Amid Industry Challenges
Nov 19, 2025

Ora Banda Mining Ltd has released a presentation highlighting its current activities and future plans. The presentation includes forward-looking statements regarding production and financial performance, emphasizing a non-binding Memorandum of Understanding with Norton Gold Fields, which is expected to lead to a binding ore sale agreement. The company cautions that actual outcomes may differ from these projections due to various risks and uncertainties. Stakeholders are advised to consider these factors when evaluating potential investments.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Reports Transformative Year with Record Growth and Sustainability Focus
Nov 19, 2025

Ora Banda Mining Ltd has reported a transformative year in FY25, marked by the successful commissioning of its Sand King mine, leading to record production and significant financial growth. The company has invested heavily in capital projects and sustainability initiatives, achieving notable improvements in safety, workforce diversity, and community engagement. Looking ahead, Ora Banda plans to increase production by 60% in FY26 and undertake extensive exploration and development activities, positioning itself as a stronger mid-tier gold mining business.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Outlines Future Prospects at Barrenjoey Conference
Nov 2, 2025

Ora Banda Mining Ltd presented at the Barrenjoey Conference in Hong Kong, highlighting its current activities and future outlook. The presentation included forward-looking statements about production and financial performance, emphasizing the company’s strategic plans and potential agreements, such as the non-binding Memorandum of Understanding with Norton Gold Fields. The company’s positioning and future prospects were discussed, although the presentation cautioned about the inherent uncertainties and risks associated with forward-looking statements.

The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.40 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Achieves Record Gold Production and Cash Flow in September Quarter
Oct 21, 2025

Ora Banda Mining Ltd reported a significant increase in gold production and cash flow for the September 2025 quarter, achieving record production levels despite adverse weather conditions. The company strengthened its financial position with a $38.5 million increase in cash, reaching $122.7 million, while investing heavily in capital projects and exploration. The improvements in processing performance and increased contributions from Sand King Underground were key drivers of this success. The company’s exploration activities also showed promising results, with significant high-grade gold intercepts expanding the mineralization footprint at several sites.

The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.40 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Announces Upcoming Annual General Meeting
Oct 16, 2025

Ora Banda Mining Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on November 19, 2025, in Subiaco, Western Australia. The company is encouraging shareholders to lodge their proxy votes online ahead of the meeting and to update their communication preferences to receive electronic notices, which reflects a push towards digital engagement with stakeholders.

The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.02 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Announces 2025 Annual General Meeting
Oct 16, 2025

Ora Banda Mining Ltd has announced its Annual General Meeting to be held on November 19, 2025, in Subiaco, Western Australia. The meeting will address the financial report for the year ended June 30, 2025, and include a non-binding resolution to adopt the Remuneration Report. Shareholders are advised to review the Explanatory Memorandum for details on voting implications, with specific voting restrictions outlined for key management personnel.

The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.02 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Achieves Record Gold Production and Cash Flow
Oct 7, 2025

Ora Banda Mining Ltd reported record gold production and cash flows for the September quarter, with gold production rising by 39% compared to the previous quarter. The company achieved a record free cash flow of $38.5 million, increasing its closing cash to $122.7 million, driven by the performance of its Sand King underground mine and improvements at the Davyhurst plant. The company’s financial and operational performance has shown significant improvement, positioning it strongly within the industry and indicating positive implications for stakeholders.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

Ora Banda Mining Announces Quotation of New Securities on ASX
Oct 6, 2025

Ora Banda Mining Ltd has announced the quotation of 12,455,806 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from September 18, 2025. This move is part of the company’s strategy to leverage financial instruments to support its operational growth and strengthen its market position.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.

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.Date of analysis: Nov 30, 2025