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

Enter the company code or Name for stock analysis:

OBM

OBM - ORA BANDA MINING LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.07
Index: ASX200 | ASX300 | ALL-ORDS

Ora Banda Mining is a Western Australian gold producer operating mines and processing infrastructure at the Davyhurst Gold Project.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.595

10 Sep
2026

0.075

OPEN

$1.49

4.93%

HIGH

$1.61

7,698,381

LOW

$1.49

TARGET
$1.883 18.1% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . AKA . ALK . AMI . ASL . AUC . AUE . AWJ . BC8 . BEZ . BGD . BGL . BM1 . BNZ . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DPM . EMR . EVN . EVR . FFM . FFM . FG1 . FXG . GG8 . GGP . GHM . GMD . GPR . HRN . IGO . KCN . KGL . MAT . MEI . MEK . MM8 . MML . MPK . MRT . NEM . NMG . NST . NVA . ORE . PC2 . PDI . PNR . POL . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SS1 . STM . STN . SVL . SX2 . TBR . TCG . TOR . TRE . TSO . TTM . USL . VAU . WAF . WGX . WIA . WMX . YRL .
FNARENA'S MARKET CONSENSUS FORECASTS
OBM: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 10.9 7.7 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 6.8% - 29.3% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 20.1 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 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx10.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx826.1 M
Book Value Per Share xxxxxxxxxxxxxxx27.9
Net Operating Cash Flow xxxxxxxxxxxxxxx426.7 M
Net Profit Margin xxxxxxxxxxxxxxx26.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx52.51 %
Return on Invested Capital xxxxxxxxxxxxxxx51.57 %
Return on Assets xxxxxxxxxxxxxxx32.65 %
Return on Equity xxxxxxxxxxxxxxx52.51 %
Return on Total Capital xxxxxxxxxxxxxxx74.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx212.9 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx29 M
Long Term Debt xxxxxxxxxxxxxxx3 M
Total Debt xxxxxxxxxxxxxxx32 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx268 M
Price To Book Value xxxxxxxxxxxxxxx3.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx213.8 M
Capex % of Sales xxxxxxxxxxxxxxx25.88 %
Cost of Goods Sold xxxxxxxxxxxxxxx461 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx32 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx43 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

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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

Ord Minnett

07/09/2026

1

Buy

$2.20

37.93%

Ord Minnett retains its $2.20 target and Buy rating for Ora Banda Mining, supported by strong cash generation, exploration upside and longer-term production growth.

FY26 revenue doubled to $807m, while profit rose 16% to $216m but was -4% below the consensus estimate, according to the analyst, due to higher depreciation and amortisation.

Ora Banda sold around 140koz of gold at an average $5,740/oz and generated approximately $200m of free cash flow (FCF) after growth expenditure.

FY27 guidance remains for production of 125koz-140koz at a cost (AISC) of -$3,400/oz-$3,600/oz, with capital and exploration expenditure of -$475m.

Ord Minnett suggests a proposed 3mtpa processing plant and two new mines could lift production to around 300kozpa by FY30. The current 610koz reserve is considered relatively modest compared with the 3.7moz resource.

FORECAST
Ord Minnett forecasts a full year FY27 EPS of 7.00 cents.
Ord Minnett forecasts a full year FY28 EPS of 10.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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

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

27/08/2026

1

Buy

$1.60

0.31%

Moelis maintains its Buy rating for Ora Banda Mining with its target price decreased to $1.40 from $1.60 following a fourth-quarter production report outlining total production of 39.6koz Au, meeting the bottom end of FY26 guidance.

Operational performance was impacted by AISC costs rising above guidance due to diesel prices and weather disruptions hindering haulage, though the business generated $36m in free cash flow after capital expenditure and exploration spend.

Commentary highlights that near-term capital spend is pulled forward and valuation components are rolled forward, reducing net present value and price target expectations while leaving medium-term production targets intact.

Moelis suggests the structural setup remains compelling, supported by a healthy balance sheet, existing gold price protection, and a fully funded three-year growth plan.

FORECAST
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 13.10 cents.
Moelis forecasts a full year FY28 dividend of 0.00 cents and EPS of 17.00 cents.
Access Extra Coverage Research History >

OBM STOCK CHART

FNArena News on OBM

1
Australian Broker Call *Extra* Edition – Sep 01, 2026

Sep 01 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 28-08-26

Aug 31 2026 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 28-08-26

Aug 28 2026 - Weekly Reports
4
FNArena Corporate Results Monitor – 27-08-2026

Aug 27 2026 - Australia
5
Australian Broker Call *Extra* Edition – Aug 27, 2026

Aug 27 2026 - Daily Market Reports

Latest Gold & Silver News

1
Northern Star Poised For Technical Break Out

Aug 04 2026 - Technicals
2
Strong Execution Underpins Newmont Confidence

Jul 28 2026 - Commodities
3
Investor Sentiment Yet To Turn For Pantoro Gold

Jul 16 2026 - Commodities
4
Capricorn Metals’ Wait Is (Almost) Over

Jul 07 2026 - Commodities
5
Resolute Mining Shares Ready To Rally

May 26 2026 - Technicals
6
The Greatland Resources Valuation Debate

Apr 30 2026 - Commodities
7
March Quarter Gold Medal For Newmont

Apr 28 2026 - Commodities
8
Treasure Chest: Greatland Resources

Apr 01 2026 - Treasure Chest
9
Gold’s Outlook No Longer Straightforward

Mar 19 2026 - Commodities
10
When Might Northern Star’s Woes End?

Mar 18 2026 - Commodities