ORA BANDA MINING LIMITED (OBM)
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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: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.33

16 Oct
2025

0.050

OPEN

$1.30

3.91%

HIGH

$1.34

6,206,060

LOW

$1.28

TARGET
$1.225 -7.9% downside
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FNARENA'S MARKET CONSENSUS FORECASTS
OBM: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 10.2 8.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% - 12.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 15.2 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 © 2025 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

-0.3

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

30/09/2025

2

Accumulate

$1.35

1.50%

Ord Minnett has updated its commodity price forecasts as the Sept quarter wraps up, following a robust performance for commodities over the period.

The impacts of the US tariffs and trade war seem, at this stage, less than feared and, combined with supply-side challenges, commodities have held up well over the quarter.

The broker has raised most of its price forecasts, highlighting a rise in copper by 11% for 2026; gold up 5% for 2025 and 18% for 2026; thermal coal up 11% for 2026; and lithium spodumene up 25% in 2026 on more balanced supply.

The preferred stocks are Rio Tinto ((RIO)) over BHP Group ((BHP)); Alcoa ((AAI)) for aluminium; and in the golds, Newmont Corp ((NEM)) and Capricorn Metals ((CMM)).

EPS forecast for Ora Banda Mining lifted by 35% for FY26 and by 58% for FY27.

Target rises to $1.35 from $1.20. Accumulate retained.

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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Moelis

10/10/2025

3

Hold

$1.02

-23.31%

Following the end of the September quarter, Moelis has updated forecasts for gold/silver and copper companies to reflect actual prices, forex, and revised consensus assumptions.

The broker notes gold reached a record price, prompting a 15% upgrade in near term price forecasts and an 8% increase to long term forecast (US$2,812/oz)

Copper rose to US$4.75/lb amid the Grasberg disruption, though long-term assumptions remain steady. Silver prices are materially higher, benefiting producers with by-product exposure. Long-term silver price estimate is US$34.67/oz, up 21%.

Overall, gold producers saw strong valuation and earnings upgrades, while copper names gained modestly.

In the case of Ora Banda Mining, the broker lifted FY26-27 EBITDA forecasts by 15% and 23% respectively, and net profit estimates by 17% and 25%, respectively. 

Hold. Target rises to $1.02 from $0.88.

The below is from a separate report, issued on the same day:

Ora Banda Mining’s September quarter production of 30.6koz, including 3.6koz from third-party milling, came in below Moelis’ 35.5koz estimate, while sales of 31.3koz also missed expectations. Cash closed at $123m, broadly in line with the broker’s $121m forecast.

The softer operational result was offset by steady cash generation, observes Moelis, likely reflecting timing factors related to toll treatment, lower capital spending, or reduced costs.

Despite lower sales and higher growth capital, the company added about $39m in cash, aided by exposure to higher spot prices, explain the analysts.

A stronger operational performance will be needed to achieve FY26 guidance of 140-155koz, points out the broker.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 11.45 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 12.20 cents.

OBM STOCK CHART