Rand Mining Limited (RND) AI Stock Analysis

• Market Cap: AU$144.46M
• Dividend Yield: 4.01%
• Average Volume (3M): 9.56K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.15
• Revenue Growth: 24.48%
• EPS Growth: 97.18%
• Country: AU
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.09
• Shares Outstanding: 56,875,960
• 10 Day Avg. Volume: 7,238
• 30 Day Avg. Volume: 9,561
• PEG Ratio: 0.09
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 2.38
• P/FCF Ratio: 17.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 80 Outperform
• Price Target: AU$3.00 ▲(21.46% Upside)

The score is driven primarily by strong financial performance led by an exceptionally conservative balance sheet and solid recent profitability, partially tempered by volatile cash flow and weaker free-cash-flow conversion. Technicals are supportive with price above major moving averages and positive momentum, and valuation is favorable with a moderate P/E and ~4% dividend yield.

Positive Factors

Conservative Balance Sheet

A near debt-free balance sheet provides Rand Mining with significant financial flexibility, reducing risk and enhancing its ability to invest in growth opportunities.

Strong Profitability

High profitability indicates efficient operations and effective cost management, which can support sustained earnings and shareholder returns over time.

Successful AGM Outcomes

Strong shareholder support at the AGM reflects confidence in management and strategic direction, which can lead to stable governance and long-term growth.

Negative Factors

Volatile Cash Flow

Volatile cash flow can pose risks to financial stability and limit the company's ability to consistently reinvest in growth or return capital to shareholders.

Commodity-Driven Revenue Volatility

Dependence on commodity prices leads to unpredictable revenue streams, complicating long-term planning and potentially impacting investor confidence.

Weaker Free Cash Flow Conversion

Lower free cash flow conversion suggests higher reinvestment needs or inefficiencies, which could strain resources and limit financial flexibility.

Rand Mining Limited Business Overview & Revenue Model

Company Description

Rand Mining Limited explores for, develops, and produces mineral properties in Australia. It primarily explores for gold and silver deposits. The company holds a 12.25% interest in the East Kundana Joint Venture located to the west north west of Kalgoorlie and north east of Coolgardie. It also has a 50% interest in the Seven Mile Hill project. The company was incorporated in 1966 and is based in South Perth, Australia.

How the Company Makes Money

Rand Mining Limited makes money through the extraction and sale of precious metals, primarily gold. The company's revenue model is centered on mining operations where it explores, develops, and extracts mineral resources from its owned or joint venture mining sites. Key revenue streams include the sale of gold and other by-products obtained during the mining process. The company may also generate income through strategic partnerships or joint ventures that allow for the sharing of resources and expertise, thus optimizing production and exploration efforts. Fluctuations in global commodity prices, operational efficiencies, and exploration success are significant factors contributing to the company's earnings.

Rand Mining Limited Financial Statement Overview

Summary

Rand Mining Limited demonstrates a stable financial position with strengths in cash flow generation and a strong equity base. Revenue and profitability are growing, albeit with some margin pressures. The company's debt-free status enhances financial flexibility, and solid cash flow ratios indicate efficient capital use. Improvements in asset utilization and margin expansion could further strengthen financial outcomes.

Income Statement

Rand Mining Limited's income statement reflects a moderate performance. The gross profit margin is strong at 101.2% for 2024, indicating efficient cost management. The net profit margin stands at 19.2%, revealing profitability but showing a decline from previous years. Revenue growth rate is 15.3% in 2024, highlighting steady growth. However, the EBIT margin decreased to 29.7%, suggesting potential operational challenges. Overall, Rand Mining demonstrates stable revenue growth and profitability, albeit with some margin compression.

Balance Sheet

The company's balance sheet is robust, with a debt-free position in 2024, enhancing financial stability. The equity ratio is substantial at 94.6%, indicating a strong equity base relative to total assets. Return on Equity (ROE) is moderate at 6.8%, reflecting decent profitability relative to equity. The absence of debt and strong equity position contribute positively, although there is room for improvement in asset utilization and equity returns.

Cash Flow

Rand Mining displays solid cash flow management. Operating cash flow significantly exceeds net income, with an operating cash flow to net income ratio of 2.17 in 2024, highlighting strong cash-generating capacity. Free cash flow shows a positive growth trend with a 15.1% increase in 2024, indicating effective capital management. The free cash flow to net income ratio is 1.01, reflecting efficient conversion of earnings into free cash. Overall, cash flow stability is a strength, supporting ongoing operations and potential investments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	43.28M	43.28M	34.76M	30.14M	32.06M	43.22M
Gross Profit	29.74M	29.74M	35.16M	17.14M	19.05M	26.02M
EBITDA	24.59M	26.57M	13.32M	14.81M	18.57M	26.59M
Net Income	13.13M	13.13M	6.66M	8.22M	10.66M	15.20M
Balance Sheet
Total Assets	112.74M	112.74M	104.24M	102.07M	104.67M	101.46M
Cash, Cash Equivalents and Short-Term Investments	3.57M	3.57M	3.17M	2.16M	2.16M	1.35M
Total Debt	0.00	0.00	0.00	11.48K	216.39K	828.83K
Total Liabilities	6.63M	6.63M	5.58M	4.38M	9.51M	11.27M
Stockholders Equity	106.11M	106.11M	98.67M	97.69M	95.16M	90.19M
Cash Flow
Free Cash Flow	6.01M	6.01M	6.71M	5.83M	7.05M	7.68M
Operating Cash Flow	19.54M	19.54M	14.45M	9.25M	11.11M	12.64M
Investing Cash Flow	-13.45M	-13.45M	-7.75M	-3.38M	-4.02M	-4.80M
Financing Cash Flow	-5.69M	-5.69M	-5.70M	-5.87M	-6.28M	-12.12M

Rand Mining Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RND, the sentiment is Positive. The current price of 2.47 is below the 20-day moving average (MA) of 2.48, above the 50-day MA of 2.43, and above the 200-day MA of 2.07, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 56.57 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RND.

Rand Mining Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RND	80 Outperform	AU$144.46M	11.00	13.04%	4.01%	24.48%	97.18%
FML	68 Neutral	AU$1.04B	24.12	22.29%	―	117.95%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BCN	48 Neutral	AU$371.56M	-25.07	-20.84%	―	11.43%	-238.93%
HRZ	48 Neutral	AU$252.71M	-5.54	―	―	―	―
KAU	46 Neutral	AU$181.14M	-5.96	-43.66%	―	46.74%	-47.98%
TGM	45 Neutral	AU$214.54M	-16.80	-454.45%	―	―	15.86%

Rand Mining Limited Corporate Events

Rand Mining Updates East Kundana Exploration Report

Rand Mining Limited has issued a replacement for its East Kundana Joint Venture Exploration Report for the September 2025 quarter, following discussions with the ASX. The updated report includes additional disclosures for clarity on cut-off grades and updates to the plan view map, while removing any visual estimates. The company advises investors not to rely on information from the initial report for investment decisions.

Rand Mining Limited Announces Successful AGM Results

Rand Mining Limited announced the results of its annual general meeting held on November 28, 2025. All resolutions, including the remuneration report, the election of director Gordon Sklenka, and the renewal of proportional takeover approval provisions, were passed with significant support. This outcome reflects strong shareholder confidence and may positively impact the company’s governance and strategic direction.

Rand Mining Limited Announces Dividend Distribution

Rand Mining Limited has announced a dividend distribution of AUD 0.10 per ordinary fully paid share, with an ex-date of November 3, 2025, and a payment date set for November 24, 2025. This announcement reflects the company’s financial performance for the period ending June 30, 2025, and signals a positive return to shareholders, potentially enhancing investor confidence and market positioning.

Rand Mining Limited Reports September 2025 Quarterly Gold Production

Rand Mining Limited reported its quarterly results for September 2025, highlighting the processing of 78,296 tonnes of ore at the Mungari processing plant, with Rand’s share being 19,574 tonnes. The company produced 6,818 ounces of gold in collaboration with Tribune, with Rand’s 25% share amounting to 1,705 ounces. Additionally, Rand holds stockpile entitlements from various sources, totaling 29,128 tonnes of ore. This production and stockpile data reflect Rand’s ongoing operations and its strategic positioning within the gold mining sector.

Rand Mining Limited Announces 2025 Annual General Meeting

Rand Mining Limited has announced its Annual General Meeting (AGM) scheduled for November 28, 2025, at the Plaza Hotel in Kalgoorlie, Western Australia. The company encourages shareholders to submit proxy forms and questions in advance to facilitate a well-prepared meeting. The AGM will be held physically, with provisions for electronic document access, and any changes will be communicated via the ASX platform and the company’s website. This meeting is significant for stakeholders as it provides an opportunity to engage with management and discuss the company’s future direction.

Rand Mining Releases EKJV Quarterly Exploration Report

Rand Mining Limited has released its quarterly exploration report for the East Kundana Joint Venture (EKJV) for the September 2025 quarter. The EKJV, a collaborative effort with Tribune Resources Ltd and Evolution Mining Limited, continues to focus on gold exploration near Kalgoorlie. This report, approved by Managing Director Anton Billis, highlights ongoing exploration activities and their potential impact on the company’s strategic positioning in the gold mining sector.

Rand Mining Limited Announces AGM Date and Director Nomination Deadline

Rand Mining Limited has announced its Annual General Meeting (AGM) will take place on 28 November 2025 at The Plaza Hotel in Kalgoorlie, Western Australia. The company has set 14 October 2025 as the deadline for director nominations, which must be submitted in writing to the company’s registered office. This meeting is significant for stakeholders as it provides an opportunity for governance decisions and strategic direction discussions.