ORA BANDA MINING LIMITED (OBM)
Share Price Analysis and Chart

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OBM

OBM - ORA BANDA MINING LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.22
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.62

22 Apr
2026

0.040

OPEN

$1.54

2.53%

HIGH

$1.62

9,831,413

LOW

$1.52

TARGET
$1.90 17.3% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ALK . AMI . ASL . AUC . AUE . AWJ . BC8 . BEZ . BGL . BNZ . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DPM . EMR . EVN . EVR . FFM . FFM . FXG . GG8 . GGP . GHM . GMD . GPR . HGO . IGO . KCN . KGL . MAT . MAU . MEI . MEK . MM8 . MML . NEM . NMG . NST . NVA . ORE . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SS1 . STM . STN . SVL . TBR . TCG . TOR . TRE . TTM . USL . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
OBM: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 10.2 12.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 22.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx10.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx404.3 M
Book Value Per Share xxxxxxxxxxxxxxx15.2
Net Operating Cash Flow xxxxxxxxxxxxxxx190.5 M
Net Profit Margin xxxxxxxxxxxxxxx46.03 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx97.13 %
Return on Invested Capital xxxxxxxxxxxxxxx91.11 %
Return on Assets xxxxxxxxxxxxxxx58.13 %
Return on Equity xxxxxxxxxxxxxxx97.13 %
Return on Total Capital xxxxxxxxxxxxxxx50.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx76.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx28 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx40 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx84 M
Price To Book Value xxxxxxxxxxxxxxx5.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx114.0 M
Capex % of Sales xxxxxxxxxxxxxxx28.20 %
Cost of Goods Sold xxxxxxxxxxxxxxx264 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx25 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

17/04/2026

3

Downgrade to Neutral from Buy

$1.50

-7.41%

UBS downgrades Ora Banda Mining to Neutral from Buy, with an unchanged target of $1.50, due to the share price having rallied and medium-term earnings risks skewed to the downside.

March quarter volumes were viewed as "solid", with production and sales beating expectations, although higher reliance on third-party processing lifted costs.

Guidance remains unchanged, with modest FY26 earnings upgrades and stronger FY27 forecasts driven by sustained throughput above nameplate capacity.

The broker highlights the upcoming June quarter expansion study as a key catalyst, incorporating a new 3Mtpa plant with circa -$450m capex, but sees execution and timing risks given industry constraints.

FORECAST
UBS forecasts a full year FY26 EPS of 14.00 cents.
UBS forecasts a full year FY27 EPS of 21.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

20/04/2026

1

Buy

$1.75

8.02%

The broker maintains its Buy rating and $1.75 price target for Ora Banda Mining following the release of March quarter's production report.

Group production rose 21% to 39koz, aligning with forecasts despite elevated costs from third-party milling campaigns, commentary highlights.

The company remains debt-free with $232m in cash and has finalised a binding Ore Sale Agreement to support production through the end of FY26.

Management maintained its full-year guidance of 140-155koz and is progressing the design of a new 3Mtpa processing plant.

Forecasts for FY26 EBITDA decreased by -2% to $420.4m following minor model revisions to account for the quarterly update.
Access Extra Coverage Research History >

OBM STOCK CHART

FNArena News on OBM

1
Australian Broker Call *Extra* Edition – Apr 20, 2026

Apr 20 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 17-04-26

Apr 20 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Apr 07, 2026

Apr 07 2026 - Daily Market Reports
4
Gold’s Outlook No Longer Straightforward

Mar 19 2026 - Commodities
5
Australian Broker Call *Extra* Edition – Mar 16, 2026

Mar 16 2026 - Daily Market Reports

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