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

$1.295

21 May
2026

-0.015

OPEN

$1.36

-1.15%

HIGH

$1.38

3,971,078

LOW

$1.28

TARGET
$1.933

+0.07 change from previous day

 49.3% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ALK . AMI . AQI . 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 . MRT . NEM . NMG . NST . NVA . ORE . PDI . PNR . POL . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SS1 . STM . STN . SVL . SX2 . 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 10.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 3.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.5 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

1.0

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

19/05/2026

1

Upgrade to Buy from Neutral

$1.60

23.55%

Ora Banda Mining's price target has increased to $1.60 (from $1.40) at UBS. The broker has also upgraded to Buy from Neutral.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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%

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Moelis

21/05/2026

1

Buy

$1.70

31.27%

Moelis maintains a Buy rating for Ora Banda Mining with a slightly modified target price of $1.70.

The board has formally sanctioned a new 3Mtpa processing plant and outlined a growth pathway to peak production just above 300koz per annum between FY29-FY34.

The corporate strategy has evolved to keep the legacy Davyhurst mill in operation alongside commitments to develop the Waihi underground mine.

Aggressive exploration spend of -$150m is planned before the new plant is commissioned in the first quarter of 2028, pushing aggregate growth capital expenditure from -$600m to -$1.03bn.

Net profit after tax estimates have been revised down by -3.1% to $269.1m for FY26 and -3.9% to $300.8m for FY27, with delayed near-term free cash flow offset by stronger long-dated production volumes.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 14.10 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 15.60 cents.
Access Extra Coverage Research History >

OBM STOCK CHART

FNArena News on OBM

1
Australian Broker Call *Extra* Edition – May 21, 2026

May 21 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – May 19, 2026

May 19 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Apr 20, 2026

Apr 20 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 17-04-26

Apr 20 2026 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Apr 07, 2026

Apr 07 2026 - Daily Market Reports

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