Rand Mining Limited (AU:RND)
ASX:RND
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Rand Mining Limited
(Sydney:RND)
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Rating:75Outperform
Price Target:
AU$2.50
▲(1.21% Upside)
Action:ReiteratedDate:03/13/26
The score is supported primarily by strong financial strength (near debt-free balance sheet and solid profitability) and attractive valuation (low P/E and ~4.08% yield). These positives are tempered by weak technical momentum, with the stock trading below key moving averages and a negative MACD.
Positive Factors
Near debt-free balance sheet
Extremely low leverage gives durable financial flexibility: it lowers solvency risk through commodity cycles, supports self-funding of development or JV commitments, and preserves capacity for opportunistic investments or dividends without needing external financing.
Negative Factors
Cyclical revenue and earnings volatility
High sensitivity to gold price and production swings creates persistent earnings uncertainty, complicating long-term planning. This cyclicality can force stop-start investment, strain margins in downturns, and reduce predictability of returns and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Near debt-free balance sheet
Extremely low leverage gives durable financial flexibility: it lowers solvency risk through commodity cycles, supports self-funding of development or JV commitments, and preserves capacity for opportunistic investments or dividends without needing external financing.
Read all positive factors
Rand Mining Limited (RND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$128.54M
Dividend Yield4.01%
Average Volume (3M)9.56K
Price to Earnings (P/E)3.6
Beta (1Y)0.57
Revenue Growth24.48%
EPS Growth97.18%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.18
Shares Outstanding56,875,960
10 Day Avg. Volume7,238
30 Day Avg. Volume9,561
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.97
Price to Sales (P/S)2.38
P/FCF Ratio17.13
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
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 K...
How the Company Makes Money
Rand Mining Limited primarily makes money from its exposure to gold mining: (1) revenue derived from the sale of gold produced by mining operations in which it has an interest (directly and/or via joint venture or investment structures); and (2) i...
Rand Mining Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.88M | 43.28M | 34.76M | 30.14M | 32.06M | 43.22M |
| Gross Profit | 29.58M | 29.74M | 35.16M | 17.14M | 19.05M | 26.02M |
| EBITDA | 28.92M | 26.57M | 13.32M | 14.81M | 18.57M | 26.59M |
| Net Income | 15.25M | 13.13M | 6.66M | 8.22M | 10.66M | 15.20M |
Balance Sheet | ||||||
| Total Assets | 119.73M | 112.74M | 104.24M | 102.07M | 104.67M | 101.46M |
| Cash, Cash Equivalents and Short-Term Investments | 3.34M | 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 | 9.06M | 6.63M | 5.58M | 4.38M | 9.51M | 11.27M |
| Stockholders Equity | 110.68M | 106.11M | 98.67M | 97.69M | 95.16M | 90.19M |
Cash Flow | ||||||
| Free Cash Flow | 5.07M | 6.01M | 6.71M | 5.83M | 7.05M | 7.68M |
| Operating Cash Flow | 17.43M | 19.54M | 14.45M | 9.25M | 11.11M | 12.64M |
| Investing Cash Flow | -13.01M | -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
Negative
2.47
Price Trends
2.57
Negative
2.54
Negative
2.31
Negative
Market Momentum
-0.11
Negative
41.91
Neutral
26.84
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 2.27, below the 50-day MA of 2.57, and above the 200-day MA of 2.31, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 41.91 is Neutral, neither overbought nor oversold. The STOCH value of 26.84 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$128.54M | 3.56 | 14.07% | 4.01% | 24.48% | 97.18% | |
73 Outperform | AU$773.71M | 3.23 | 73.07% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$184.62M | 4.74 | 2.67% | ― | 46.74% | -47.98% | |
49 Neutral | AU$237.14M | -4.78 | -8.87% | ― | ― | 15.86% | |
48 Neutral | AU$379.70M | 5.17 | 10.73% | ― | 11.43% | -238.93% | |
43 Neutral | AU$245.06M | 3.94 | -3.40% | ― | ― | ― |
* Basic Materials Sector Average
AU:RND
Rand Mining Limited
2.26
0.54
31.09%
AU:BCN
Beacon Minerals
3.41
2.39
234.31%
AU:FML
Focus Minerals Ltd
2.70
2.48
1100.00%
AU:TGM
Theta Gold Mines
0.21
0.06
46.43%
AU:HRZ
Horizon Minerals Ltd
0.94
>-0.01
-0.53%
AU:KAU
Kaiser Reef Ltd
0.27
0.10
54.29%
Rand Mining Limited Corporate Events
Rand Mining director Lyndall Vaughan acquires first equity stake
Mar 26, 2026
Rand Mining Limited has notified the ASX of a change in director Lyndall Maree Vaughan’s interests, disclosing her on-market purchase of 1,400 ordinary fully paid shares for a total consideration of $2,800. The acquisition, which occurred on...
Rand Mining tables interim financial report for December 2025 half year
Mar 11, 2026
Rand Mining Limited has released its interim financial report for the half year ended 31 December 2025. The document outlines the usual suite of disclosures, including directors’ and auditor reports, consolidated financial statements and acc...
Rand Mining Boosts Quarterly Gold Output on Strong East Kundana Activity
Jan 28, 2026
Rand Mining reported a strong operational performance for the December 2025 quarter, with 16,585 tonnes of ore at 3.29 g/t processed through Evolution Mining’s Mungari plant and its share of EKJV gold production totaling 1,680 ounces. Rand&#...
Rand Mining Releases December Quarter Exploration Report for East Kundana JV
Jan 14, 2026
Rand Mining Limited has released its exploration report for the East Kundana Joint Venture for the quarter ended 31 December 2025, outlining activity at the project located near Kalgoorlie and Coolgardie in Western Australia. The report, covering ...
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.