UBS sets AUD 2.10 target for Ora Banda Mining stock

Published on 10/14/2026 at 02:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 output reached 140,000 ounces versus 48,000 in FY23. UBS kept Buy for Ora Banda Mining stock at AUD 2.10 on October 8, 2026.

Gold growth and analyst target

UBS maintained its Buy rating and set an AUD 2.10 target on October 8, 2026.
Gold production reached 140,000 ounces in fiscal year 2026 versus 48,000 ounces in fiscal year 2023.
Ora Banda Mining stock traded at AUD 1.38 on ASX on October 14, 2026 at 11:36 a.m. AEDT.
The annual general meeting is scheduled for November 18, 2026.

Ora Banda Mining, AU0000050130, Illustration mit AI erstellt.

UBS maintained a Buy rating on Ora Banda Mining and set an AUD 2.10 price target on October 8, 2026, according to Markets Insider. The target gives the Australian gold producer a clear valuation reference as it moves from turnaround work toward a larger Davyhurst operation.

Three dated growth milestones

On July 14, 2026, Ora Banda Mining reported 3.69 million ounces of mineral resources and 610,000 ounces of ore reserves in its Davyhurst update, as Simply Wall St reported.

On September 28, 2026, management outlined a plan to lift annual gold production above 300,000 ounces by fiscal year 2029, after producing 140,000 ounces in fiscal year 2026 versus 48,000 ounces in fiscal year 2023, according to Investing.com. On October 8, 2026, UBS set its AUD 2.10 target while maintaining Buy, according to Markets Insider.

What does the target imply for growth?

The operating figures explain why the analyst view is tied to execution rather than production alone. The company plans to spend AUD 375 million on a new processing mill with capacity of 3 million tonnes per year, including an AUD 233 million engineering, procurement and construction contract, according to Investing.com.

Management also said fiscal year 2026 exploration spending reached AUD 75 million and covered 320 kilometers of drilling, adding more than 1.5 million ounces of resources while reserves doubled, according to Investing.com. The combination of higher output and a larger resource base supports the growth case, while the mill build and mine development make delivery dates central to the valuation.

Dates and market value

The next dated corporate event is Ora Banda Mining's annual general meeting on November 18, 2026, according to Simply Wall St. For investors, the meeting date follows a resource update, a production plan and a new analyst target within four months.

Ora Banda Mining traded at AUD 1.38 on the ASX on October 14, 2026 at 11:36 a.m. AEDT. Its market capitalization was AUD 2.7 billion, and its 52-week range was AUD 0.98 to AUD 1.72 as of the same date.