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$1.50
▲(0.67% Upside)
Action:Reiterated
Date: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 / Margins
Ora Banda’s very high net, EBIT and EBITDA margins reflect efficient mining and processing economics at Davyhurst. Durable margins provide a structural buffer versus commodity cycles, enabling reinvestment, ore development and sustaining returns to shareholders over the medium term.
Negative Factors
Historical Volatility
Past swings in revenue, profitability and cash flow create uncertainty in forecasting and capital planning. Such volatility can pressure margins and free cash flow during weaker production or price periods, complicating sustained investment and payout policies over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability / Margins
Ora Banda’s very high net, EBIT and EBITDA margins reflect efficient mining and processing economics at Davyhurst. Durable margins provide a structural buffer versus commodity cycles, enabling reinvestment, ore development and sustaining returns to shareholders over the medium term.
Read all positive factors
Ora Banda Mining (OBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.47B
Dividend YieldN/A
Average Volume (3M)11.83M
Price to Earnings (P/E)9.8
Beta (1Y)1.69
Revenue Growth82.10%
EPS Growth237.67%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.12
Shares Outstanding1,927,443,100
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$1.95Price Target Upside30.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.13
Revenue Forecast (FY)AU$882.21M
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
1.35
Negative
1.34
Negative
1.28
Positive
Market Momentum
>-0.01
Positive
43.93
Neutral
38.58
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 1.35, above the 50-day MA of 1.35, and above the 200-day MA of 1.28, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.93 is Neutral, neither overbought nor oversold. The STOCH value of 38.58 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$2.47B | 9.75 | 68.49% | ― | 82.10% | 237.67% | |
73 Outperform | AU$550.19M | 1.88 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$1.03B | 9.40 | 19.74% | ― | 53.05% | ― | |
52 Neutral | AU$2.06B | -35.07 | -6.70% | ― | 17.08% | -158.79% | |
50 Neutral | AU$819.98M | 40.64 | 6.29% | ― | ― | ― | |
46 Neutral | AU$683.53M | -13.96 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:OBM
Ora Banda Mining
1.28
0.23
21.90%
AU:FML
Focus Minerals Ltd
1.92
1.52
380.00%
AU:PNR
Pantoro Gold Limited
2.64
-0.90
-25.42%
AU:SBM
St. Barbara
0.57
0.21
59.15%
AU:BC8
Black Cat Syndicate Ltd.
1.13
0.32
40.62%
AU:BGL
Bellevue Gold Limited
1.39
0.48
52.20%
Ora Banda Mining Corporate Events
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 ...
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...
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.