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St. Barbara ( (AU:SBM) ) has shared an announcement.
St Barbara Limited has become a substantial holder in Geopacific Resources Limited, acquiring a 14.409% voting power through a transaction involving 458,565,351 fully paid ordinary shares. This acquisition was made via a Share Buy Back Agreement with Patronus Resources Limited and Patronus Invest Pty Ltd, indicating a strategic move to strengthen its position in the mining sector.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
More about St. Barbara
St Barbara Limited is a company operating in the mining industry, primarily focusing on gold exploration and production. The company is listed on the Australian Securities Exchange under the ticker SBM and is based in Perth, Western Australia.
YTD Price Performance: 57.78%
Average Trading Volume: 6,879,185
Technical Sentiment Signal: Buy
Current Market Cap: A$384.4M
For a thorough assessment of SBM stock, go to TipRanks’ Stock Analysis page.