Ora Banda Mining (OBM) Stock Overview

Engages in mineral exploration, mining operations, mine development, and the sale of gold and gold-bearing ore in Australia. More details

OBM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	6/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 74.5% below our estimate of its fair value

Earnings are forecast to grow 24.8% per year

Earnings have grown 70.5% per year over the past 5 years

Risk Analysis

Profit margins (26.8%) are lower than last year (46%)

OBM Community Fair Values

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Ora Banda Mining Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Ora Banda Mining
Historical stock prices
Current Share Price	AU$1.52
52 Week High	AU$1.72
52 Week Low	AU$0.98
Beta	1.41
1 Month Change	-5.88%
3 Month Change	30.47%
1 Year Change	37.56%
3 Year Change	1,347.62%
5 Year Change	1,588.89%
Change since IPO	-98.53%

Recent updates

Analysis Article • Nov 12

Shareholders May Not Be So Generous With Ora Banda Mining Limited's (ASX:OBM) CEO Compensation And Here's Why

Key Insights Ora Banda Mining to hold its Annual General Meeting on 19th of November CEO Luke Creagh's total...

Analysis Article • Sep 27

Ora Banda Mining (ASX:OBM) Seems To Use Debt Quite Sensibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • Sep 02

Ora Banda Mining (ASX:OBM) Is Posting Healthy Earnings, But It Is Not All Good News

Ora Banda Mining Limited's ( ASX:OBM ) stock rose after it released a robust earnings report. Despite the strong profit...

Analysis Article • Aug 30

Ora Banda Mining Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

The investors in Ora Banda Mining Limited 's ( ASX:OBM ) will be rubbing their hands together with glee today, after...

Analysis Article • Aug 27

Ora Banda Mining Limited (ASX:OBM) Held Back By Insufficient Growth Even After Shares Climb 28%

Ora Banda Mining Limited ( ASX:OBM ) shareholders are no doubt pleased to see that the share price has bounced 28% in...

Analysis Article • Jun 27

The Market Doesn't Like What It Sees From Ora Banda Mining Limited's (ASX:OBM) Revenues Yet As Shares Tumble 25%

Unfortunately for some shareholders, the Ora Banda Mining Limited ( ASX:OBM ) share price has dived 25% in the last...

Analysis Article • Jan 31

Ora Banda Mining Limited (ASX:OBM) Stock Catapults 28% Though Its Price And Business Still Lag The Industry

Ora Banda Mining Limited ( ASX:OBM ) shareholders are no doubt pleased to see that the share price has bounced 28% in...

Analysis Article • Dec 18

Ora Banda Mining (ASX:OBM) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Analysis Article • Oct 18

Ora Banda Mining Limited's (ASX:OBM) Price Is Right But Growth Is Lacking After Shares Rocket 34%

Ora Banda Mining Limited ( ASX:OBM ) shares have continued their recent momentum with a 34% gain in the last month...

Analysis Article • Aug 30

A Piece Of The Puzzle Missing From Ora Banda Mining Limited's (ASX:OBM) 32% Share Price Climb

Despite an already strong run, Ora Banda Mining Limited ( ASX:OBM ) shares have been powering on, with a gain of 32% in...

Analysis Article • Jul 12

Investors Still Aren't Entirely Convinced By Ora Banda Mining Limited's (ASX:OBM) Revenues Despite 27% Price Jump

Ora Banda Mining Limited ( ASX:OBM ) shareholders have had their patience rewarded with a 27% share price jump in the...

Analysis Article • Apr 24

Improved Revenues Required Before Ora Banda Mining Limited (ASX:OBM) Shares Find Their Feet

Ora Banda Mining Limited's ( ASX:OBM ) price-to-sales (or "P/S") ratio of 3.3x might make it look like a strong buy...

Analysis Article • Sep 30

Health Check: How Prudently Does Ora Banda Mining (ASX:OBM) Use Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

	OBM	AU Metals and Mining	AU Market
7D	5.6%	-0.02%	-0.04%
1Y	37.6%	30.7%	-2.5%

Return vs Industry: OBM exceeded the Australian Metals and Mining industry which returned 30.7% over the past year.

Return vs Market: OBM exceeded the Australian Market which returned -2.5% over the past year.

Price Volatility

Is OBM's price volatile compared to industry and market?
OBM volatility
OBM Average Weekly Movement	9.8%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	9.4%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.9%

Stable Share Price: OBM has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: OBM's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2002	n/a	Luke Creagh	www.orabandamining.com.au

Ora Banda Mining Limited engages in mineral exploration, mining operations, mine development, and the sale of gold and gold-bearing ore in Australia. The company primarily explores for gold, nickel, and copper. The company holds 100% interest in the Davyhurst Gold Project that is located in the north-west of Kalgoorlie.

Ora Banda Mining Limited Fundamentals Summary

How do Ora Banda Mining's earnings and revenue compare to its market cap?
OBM fundamental statistics
Market cap	AU$2.96b
Earnings (TTM)	AU$216.20m
Revenue (TTM)	AU$807.50m

13.6x

P/E Ratio

3.6x

P/S Ratio

Is OBM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OBM income statement (TTM)
Revenue	AU$807.50m
Cost of Revenue	AU$437.38m
Gross Profit	AU$370.12m
Other Expenses	AU$153.93m
Earnings	AU$216.20m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	0.11
Gross Margin	45.84%
Net Profit Margin	26.77%
Debt/Equity Ratio	0%

How did OBM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/22 08:30
End of Day Share Price	2026/09/22 00:00
Earnings	2026/06/30
Annual Earnings	2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ora Banda Mining Limited is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Daniel Morgan	Barrenjoey Markets Pty Limited
Tim McCormack	Canaccord Genuity
Andrew Bowler	Macquarie Research

Ora Banda Mining (OBM) Stock Overview

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Risk Analysis

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Ora Banda Mining Limited Competitors

Alkane Resources

West African Resources

Catalyst Metals

Westgold Resources

Price History & Performance

Recent News & Updates

Ora Banda Mining Begins Waihi Underground Development as Midnight Drilling Uncovers High Grades

Consensus EPS estimates increase by 18%

Consensus EPS estimates fall by 16%

Price target increased by 9.4% to AU$1.75

Ora Banda Mining Limited, Annual General Meeting, Nov 18, 2026

Ora Banda Mining Delivers Record Revenue After Second Underground Mine Ramp-Up

Recent updates

Ora Banda Mining Begins Waihi Underground Development as Midnight Drilling Uncovers High Grades

Consensus EPS estimates increase by 18%

Consensus EPS estimates fall by 16%

Price target increased by 9.4% to AU$1.75

Ora Banda Mining Limited, Annual General Meeting, Nov 18, 2026

Ora Banda Mining Delivers Record Revenue After Second Underground Mine Ramp-Up

New minor risk - Profit margin trend

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 25%

Ora Banda Mining Extends Gold Mineralisation at Little Gem With Additional High-Grade Drilling

Price target decreased by 10% to AU$1.66

Ora Banda Mining Expands Davyhurst Gold Resources and Ore Reserves With Round Dam Milestone

Ora Banda Mining Announces Annual Mineral Resource and Ore Reserve Statement for Davyhurst Gold Project

Ora Banda Mining Awards $233 Million Contract for Davyhurst Gold Plant Expansion

Ora Banda Awards A$233 Million Contract to Build Major Process Plant at Davyhurst

Investor sentiment deteriorates as stock falls 20%

Ora Banda Mining Approves A$465 Million Plan to Target 300000 Ounces Annual Gold Output

Price target increased by 7.6% to AU$1.95

Investor sentiment deteriorates as stock falls 15%

Price target increased by 7.1% to AU$1.83

Investor sentiment improves as stock rises 21%

New minor risk - Share price stability

Price target increased by 8.9% to AU$1.74

Investor sentiment deteriorates as stock falls 15%

First half 2026 earnings released: EPS: AU$0.049 (vs AU$0.028 in 1H 2025)

Investor sentiment deteriorates as stock falls 19%

Consensus EPS estimates fall by 16%

Price target increased by 12% to AU$1.71

Ora Banda Mining Limited Announces Executive Changes

Price target increased by 9.2% to AU$1.48

Investor sentiment improves as stock rises 18%

CEO, MD & Director exercised options and sold AU$13m worth of stock

Shareholders May Not Be So Generous With Ora Banda Mining Limited's (ASX:OBM) CEO Compensation And Here's Why

Consensus EPS estimates increase by 13%

Price target increased by 12% to AU$1.33

Price target increased by 13% to AU$1.27

Consensus EPS estimates increase by 13%

Price target increased by 9.5% to AU$1.16

Ora Banda Mining (ASX:OBM) Seems To Use Debt Quite Sensibly

Investor sentiment improves as stock rises 15%

Now 23% undervalued

Price target increased by 11% to AU$1.05

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 28%

Price target increased by 7.1% to AU$1.00

Ora Banda Mining (ASX:OBM) Is Posting Healthy Earnings, But It Is Not All Good News

Ora Banda Mining Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Ora Banda Mining Limited, Annual General Meeting, Nov 19, 2025

Ora Banda Mining Limited (ASX:OBM) Held Back By Insufficient Growth Even After Shares Climb 28%

Full year 2025 earnings released: EPS: AU$0.10 (vs AU$0.016 in FY 2024)

Consensus EPS estimates increase by 19%

Price target decreased by 12% to AU$0.93

Consensus EPS estimates fall by 11%

Price target decreased by 10% to AU$0.98

Ora Banda Mining Limited Provides Production Guidance for the Fiscal Year 2026

The Market Doesn't Like What It Sees From Ora Banda Mining Limited's (ASX:OBM) Revenues Yet As Shares Tumble 25%

Investor sentiment improves as stock rises 23%

Investor sentiment improves as stock rises 21%

Investor sentiment improves as stock rises 22%

First half 2025 earnings released: EPS: AU$0.028 (vs AU$0.006 in 1H 2024)

Ora Banda Mining Limited Announces Executive Changes, Effective February 28, 2025

Price target increased by 11% to AU$0.94