Ora Banda Mining (AU:OBM)
ASX:OBM
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Ora Banda Mining
(Sydney:OBM)
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Rating:83Outperform
Price Target:
AU$2.00
▲(34.23% Upside)
Action:ReiteratedDate:04/21/26
The score is driven primarily by strong financial performance (high margins, strong ROE, low leverage, and improved free cash flow), supported by bullish technicals with price above major moving averages and positive MACD. Valuation also contributes positively due to a low P/E, while the main offsetting risk is historical volatility in operating/cash-flow metrics and a currently stretched stochastic reading.
Positive Factors
High profitability and margins
Sustained high net and EBITDA margins indicate durable operational efficiency and tight cost control in mining and processing. Strong margins provide buffer against lower gold prices, enable reinvestment in exploration or sustaining capex, and support longer-term free cash flow generation.
Negative Factors
Historical volatility in results
Repeated swings in revenue, margins and cash flows reduce predictability of earnings and capital needs. For a single-commodity miner, volatility complicates budgeting, may force opportunistic financing or asset sales in downturns, and raises execution risk for sustaining operations.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and margins
Sustained high net and EBITDA margins indicate durable operational efficiency and tight cost control in mining and processing. Strong margins provide buffer against lower gold prices, enable reinvestment in exploration or sustaining capex, and support longer-term free cash flow generation.
Read all positive factors
Ora Banda Mining (OBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.01B
Dividend YieldN/A
Average Volume (3M)11.83M
Price to Earnings (P/E)7.6
Beta (1Y)1.52
Revenue Growth88.71%
EPS Growth541.56%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.05
Shares Outstanding1,927,223,900
10 Day Avg. Volume8,065,426
30 Day Avg. Volume11,830,942
Financial Highlights & Ratios
PEG Ratio0.02
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 Upside22.95% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.13
Revenue Forecast (FY)AU$849.87M
Ora Banda Mining Business Overview & Revenue Model
Company Description
Ora 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 proj...
How the Company Makes Money
OBM makes money primarily by producing and selling gold. Revenue is generated when the company mines gold-bearing material from its deposits, processes the material through its processing facilities to recover gold, and sells the recovered gold (c...
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
Positive
1.49
Price Trends
1.27
Positive
1.34
Positive
1.16
Positive
Market Momentum
0.03
Negative
61.34
Neutral
90.19
Negative
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 1.49 is above the 20-day moving average (MA) of 1.22, above the 50-day MA of 1.27, and above the 200-day MA of 1.16, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 61.34 is Neutral, neither overbought nor oversold. The STOCH value of 90.19 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$3.01B | 7.63 | 68.49% | ― | 88.71% | 541.56% | |
73 Outperform | AU$799.50M | 3.23 | 73.07% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$1.50B | 8.53 | 12.22% | ― | 55.73% | ― | |
52 Neutral | AU$2.59B | 240.15 | -6.70% | ― | 69.51% | -153.68% | |
50 Neutral | AU$918.35M | 6.46 | 6.29% | ― | ― | -267.46% | |
46 Neutral | AU$858.96M | -704.50 | -11.26% | ― | -3.61% | -49.39% |
* Basic Materials Sector Average
AU:OBM
Ora Banda Mining
1.58
0.39
32.77%
AU:FML
Focus Minerals Ltd
2.85
2.61
1063.27%
AU:PNR
Pantoro Gold Limited
3.90
0.88
29.14%
AU:SBM
St. Barbara
0.71
0.39
127.42%
AU:BC8
Black Cat Syndicate Ltd.
1.29
0.21
19.44%
AU:BGL
Bellevue Gold Limited
1.74
0.82
89.62%
Ora Banda Mining Corporate Events
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 ...
Ora Banda Mining Flags Lapse of 265,779 Performance and Retention Rights
Mar 31, 2026
Ora Banda Mining Ltd has notified the market of the cessation of several classes of equity-based incentives, including FY26 long-term incentive performance rights, FY25 long-term incentive performance rights, and FY25 retention rights. A total of ...
Ora Banda Mining Seeks ASX Quotation for New Share Issue
Mar 31, 2026
Ora Banda Mining Ltd has applied to the ASX for quotation of 3,939,786 additional ordinary fully paid shares, with an issue date of March 26, 2026. The new securities arise from the exercise of options or conversion of other securities, modestly i...
Ora Banda flags growth plans in heavily caveated investor update
Mar 13, 2026
Ora Banda Mining has released an investor presentation titled “Primed For Growth” for the 2026 Euroz Hartleys Institutional Investor Conference, outlining its current status and strategic direction. The document consolidates previously...
Ora Banda locks in Paddington deal as it advances own processing expansion
Mar 13, 2026
Ora Banda Mining has converted a non‑binding memorandum with Paddington Gold into a binding Ore Sales Agreement, allowing a further 120,000 tonnes of Davyhurst ore to be processed at the Paddington mill in March and April 2026. This follows ...
Ora Banda’s Round Dam Resource Jumps Tenfold to 1.33Moz
Mar 10, 2026
Ora Banda Mining has reported a tenfold increase in the Mineral Resource Estimate at its Round Dam deposit to 25.6 million tonnes at 1.6 grams per tonne for 1.33 million ounces of gold. The updated resource is entirely considered suitable for open...
Ora Banda Mining Seeks ASX Quotation for Additional Ordinary Shares
Feb 27, 2026
Ora Banda Mining Ltd has applied for quotation on the ASX of 1,104,286 new ordinary fully paid shares, to be issued on 10 February 2026. The additional quoted securities modestly expand the company’s listed equity base, potentially improving...
Ora Banda Mining Reports Lapse of Retention and Performance Rights
Feb 27, 2026
Ora Banda Mining has notified the market of the cessation of certain equity-based incentive securities, including 18,798 retention rights and 85,966 performance rights. These rights lapsed after the conditions required for conversion into securiti...
Ora Banda Mining Doubles Cash Flow on Record Gold Revenue and Output
Feb 26, 2026
Ora Banda Mining reported a strong first half for FY26, with record revenue of $336.3 million and net profit after tax up 89% to $96.3 million, supported by higher gold prices and increased sales volumes. Operating cash flow more than doubled to $...
Ora Banda Mining Delivers Strong Half-Year Profit Surge Without Dividends
Feb 26, 2026
Ora Banda Mining reported a sharp improvement in its half-year financial performance for the period ended 31 December 2025, with revenue from ordinary activities rising 80.4% to $336.3 million and net profit after tax attributable to members jumpi...
Ora Banda Mining Issues Shares to Director in Lieu of Fees
Feb 11, 2026
Ora Banda Mining has reported a change in director Peter Mansell’s relevant interest in the company’s securities, reflecting an indirect holding through his spouse, Elizabeth Jane Mansell. She received 7,638 fully paid ordinary shares ...
Ora Banda Mining Cancels Over 93,000 Unvested Equity Rights After Conditions Lapse
Feb 11, 2026
Ora Banda Mining Ltd has reported the lapse of several categories of employee equity incentives, including retention rights and FY25 long-term incentive performance rights, all expiring in June 2029. In total, 93,158 conditional rights have ceased...
Ora Banda Mining Issues 400,752 FY26 Long-Term Incentive Performance Rights
Feb 11, 2026
Ora Banda Mining has notified the market of the issue of 400,752 unquoted performance rights under its FY26 long-term incentive plan, with the securities expiring on 30 June 2030 and formally issued on 20 January 2026. The additional equity awards...
Ora Banda Mining Seeks ASX Quotation for New Incentive Shares
Feb 11, 2026
Ora Banda Mining has applied to the ASX for quotation of 15,276 new fully paid ordinary shares, issued on 9 February 2026 under an employee incentive scheme. The relatively small share issuance is aimed at supporting staff remuneration and alignme...
Ora Banda Mining Seeks ASX Quotation for Additional Ordinary Shares
Feb 11, 2026
Ora Banda Mining has applied for quotation on the ASX of 300,928 new ordinary fully paid shares, to be issued on 9 February 2026. The modest increase in quoted securities reflects ongoing capital management and may marginally expand the company...
Ora Banda Uncovers Large-Scale Gold System at Round Dam Near Davyhurst
Feb 1, 2026
Ora Banda Mining has reported further strong drilling results from its Phase 1 program at the Round Dam Trend, an 18km mineralised corridor located about 15km from the company’s Davyhurst processing plant in Western Australia. Systematic dri...
Ora Banda commits $63m to new plant study, Waihi pit and camp expansion
Jan 28, 2026
Ora Banda Mining has approved a suite of growth initiatives at its Davyhurst operations, committing $10 million to move a proposed ~3Mtpa standalone processing plant from definitive feasibility to front-end engineering design, which will refine th...
Ora Banda Lifts Output to Record Levels as Growth Spending and Third-Party Milling Drive Costs Higher
Jan 28, 2026
Ora Banda Mining reported record quarterly gold production of 32,036 ounces in the December 2025 quarter, a 5% rise on the prior period and 39% higher than the second half of FY25, alongside robust exploration results at Waihi, Little Gem/Riverina...
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.