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St. Barbara
(Sydney:SBM)
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Rating:41Neutral
Price Target:
AU$0.39
▼(-42.35% Downside)
Action:Reiterated
Date:06/28/26
The score is primarily weighed down by weak financial performance, including persistent net losses, negative margins, and pressured free cash flow. Technical indicators also remain bearish with the stock trading below major moving averages and a negative MACD. Valuation is constrained by a negative P/E and no provided dividend yield, offering limited offset to the operational and trend risks.
Positive Factors
Conservative balance sheet / low leverage
A relatively low debt-to-equity position provides durable financial flexibility for a mining company facing cyclical commodity prices. Lower leverage reduces refinancing and covenant risk, supporting sustained operations, capex funding and the ability to endure weaker commodity cycles over months to years.
Negative Factors
Persistent net losses and negative margins
Ongoing negative net income and margins reflect structural cost or operating inefficiencies relative to revenue, which can erode retained capital and limit reinvestment. Continued losses constrain internal financing for projects and increase sensitivity to commodity price or cost shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
A relatively low debt-to-equity position provides durable financial flexibility for a mining company facing cyclical commodity prices. Lower leverage reduces refinancing and covenant risk, supporting sustained operations, capex funding and the ability to endure weaker commodity cycles over months to years.
Read all positive factors
St. Barbara (SBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$550.46M
Dividend YieldN/A
Average Volume (3M)7.98M
Price to Earnings (P/E)―
Beta (1Y)2.35
Revenue Growth17.55%
EPS Growth40.51%
CountryAU
Employees203
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,209,795,900
10 Day Avg. Volume11,755,747
30 Day Avg. Volume7,982,526
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)1.27
Price to Sales (P/S)2.20
P/FCF Ratio-3.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
St. Barbara Business Overview & Revenue Model
Company Description
St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold. The company also explores for silver deposits. It holds interest in the Simberi project located in the province of New Ireland, ...
How the Company Makes Money
SBM primarily makes money by producing gold (measured in ounces) and selling it into the gold market. Revenue is generated when produced gold is refined to saleable form (e.g., doré/metal) and sold, with sales typically priced using prevailing mar...
St. Barbara Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.03M | 215.52M | 197.72M | 323.85M | 201.27M | 740.25M |
| Gross Profit | 23.54M | -12.87M | -17.92M | 58.39M | -70.81M | 153.94M |
| EBITDA | 18.94M | -38.69M | -26.08M | -477.91M | -90.01M | -62.80M |
| Net Income | -45.51M | -93.78M | -53.91M | -429.20M | -160.82M | -176.60M |
Balance Sheet | ||||||
| Total Assets | 631.64M | 580.26M | 568.63M | 917.91M | 1.60B | 1.64B |
| Cash, Cash Equivalents and Short-Term Investments | 74.78M | 67.44M | 145.87M | 293.94M | 98.51M | 133.37M |
| Total Debt | 2.88M | 5.32M | 7.53M | 12.88M | 171.64M | 109.25M |
| Total Liabilities | 197.04M | 206.22M | 219.34M | 524.46M | 489.67M | 522.09M |
| Stockholders Equity | 434.60M | 374.05M | 349.29M | 393.45M | 1.11B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | -58.25M | -153.69M | -90.25M | -33.80M | -51.14M | 93.67M |
| Operating Cash Flow | -18.57M | -81.08M | -57.41M | 51.90M | 87.66M | 227.10M |
| Investing Cash Flow | -74.08M | -48.93M | -36.14M | 285.89M | -170.01M | -199.26M |
| Financing Cash Flow | 51.19M | 46.78M | -3.54M | -197.94M | 38.43M | -293.78M |
St. Barbara Technical Analysis
Negative
0.68
Price Trends
0.51
Negative
0.57
Negative
0.60
Negative
Market Momentum
-0.02
Negative
45.47
Neutral
50.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SBM, the sentiment is Negative. The current price of 0.68 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.51, and above the 200-day MA of 0.60, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.47 is Neutral, neither overbought nor oversold. The STOCH value of 50.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SBM.
St. Barbara Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$4.61B | 9.37 | 27.80% | 3.29% | 31.42% | ― | |
71 Outperform | AU$518.67M | 1.91 | 79.54% | ― | 161.65% | 2191.43% | |
66 Neutral | AU$5.76B | 12.03 | 9.94% | 2.72% | 13.34% | -15.96% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$795.03M | 7.56 | 19.74% | ― | 53.05% | ― | |
47 Neutral | AU$652.39M | 39.96 | 6.29% | ― | ― | ― | |
41 Neutral | AU$550.46M | -10.94 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:SBM
St. Barbara
0.45
0.17
60.71%
AU:FML
Focus Minerals Ltd
1.65
1.28
344.59%
AU:PNR
Pantoro Gold Limited
2.02
-1.77
-46.70%
AU:RRL
Regis Resources Limited
6.15
2.14
53.18%
AU:RMS
Ramelius Resources Limited
3.10
0.57
22.29%
AU:BC8
Black Cat Syndicate Ltd.
0.91
0.08
9.64%
St. Barbara Corporate Events
St Barbara lifts 15-Mile gold resources 20% as Atlantic hub grows
Jul 27, 2026
St Barbara has reported a 20% increase in the Mineral Resources Estimate for its 15-Mile Processing Hub Project, lifting contained gold to 2.5 million ounces based on 62.4 million tonnes at 1.2 grams per tonne. The upgrade reflects updated geologi...
St Barbara Confirms Lapse of 86,094 Performance Rights From Issued Capital
Jul 10, 2026
St Barbara Limited has announced the cessation of 86,094 performance rights, recorded under ASX code SBMAK, following the lapse of conditional rights that could not be satisfied as of 10 July 2026. These performance rights formed part of the compa...
St Barbara Discloses Final Director Interest as Joanne Palmer Departs Board
Jul 1, 2026
St Barbara Limited has announced the cessation of Joanne Claire Palmer as a director effective 30 June 2026, in line with its disclosure obligations to the ASX. The filing details that Palmer directly holds 19,500 fully paid ordinary shares in St ...
St Barbara director Joanne Palmer to resign from board
Jun 24, 2026
St Barbara Limited has announced the resignation of non-executive director Joanne Palmer, who will step down effective close of business on 30 June 2026 for personal reasons. Palmer, who joined the board in September 2023, has served as chair of t...
St Barbara Advances 15-Mile Gold Hub Permitting in Nova Scotia
Jun 18, 2026
St Barbara has lodged an Initial Project Description for its 15-Mile Processing Hub in Nova Scotia with Canada’s Impact Assessment Agency, marking the formal start of permitting for a project designed to produce more than 100,000 ounces of g...
St Barbara Tightens Securities Dealing Rules to Bolster Market Confidence
Jun 5, 2026
St Barbara has revised its Securities Dealing Policy, effective 1 June 2026, replacing an earlier version issued on 3 June that contained errors in a specific section. The updated policy, now available on the company’s website, strengthens p...
St Barbara Tightens Securities Dealing Rules to Bolster Governance
Jun 3, 2026
St Barbara has revised its Securities Dealing Policy, effective 1 June 2026, in line with ASX Listing Rule 12.10 and made the updated document available in the corporate governance section of its website. The policy strengthens controls on insider...
St Barbara outlines UK/Europe investor presentation with strong risk and reporting disclaimers
May 25, 2026
St Barbara has released an investor presentation for its UK and European audience outlining high-level information about its gold mining operations and financial reporting approach. The document emphasises that the material is general in nature, u...
St Barbara Outlines Investor Information and Risk Caveats in New Presentation
Apr 29, 2026
St Barbara has released an investor presentation outlining key information about its gold mining operations and financial reporting approach. The document emphasises that results are prepared under IFRS but supplemented by non-IFRS metrics, which ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.