St. Barbara Ltd. (AU:SBM)
ASX:SBM
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St. Barbara
(Sydney:SBM)
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Rating:46Neutral
Price Target:
AU$0.62
▼(-13.61% Downside)
Action:ReiteratedDate:01/22/26
The score is held down primarily by poor financial performance (ongoing losses, weak margins, and challenged cash generation). Technicals are a meaningful positive (strong trend above key moving averages with positive MACD), but overbought momentum signals and loss-driven valuation (negative P/E, no dividend data) limit the overall rating.
Positive Factors
Conservative leverage
Low debt levels provide durable financial flexibility, reducing refinancing and liquidity risk. For a capital-intensive mining business this resilience supports funding of sustaining capex and exploration through commodity cycles, helping protect operations over the coming months.
Negative Factors
Persistent losses and negative margins
Ongoing losses and persistently negative operating margins erode retained earnings and limit reinvestment capacity. Over the medium term this constrains funding for mine development and exploration, increases impairment risk, and pressures management to materially improve cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Low debt levels provide durable financial flexibility, reducing refinancing and liquidity risk. For a capital-intensive mining business this resilience supports funding of sustaining capex and exploration through commodity cycles, helping protect operations over the coming months.
Read all positive factors
St. Barbara (SBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$877.10M
Dividend YieldN/A
Average Volume (3M)7.98M
Price to Earnings (P/E)―
Beta (1Y)2.40
Revenue Growth-3.61%
EPS Growth-49.39%
CountryAU
Employees1,328
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 Target
AU$1.41Price Target Upside95.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
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. It operates three operational business units, including Leonora Operations, Simberi Operations, and Atlantic Operations. The com...
How the Company Makes Money
SBM primarily makes money by producing and selling gold. Revenue is generated when mined ore is processed into gold doré/bullion and sold, with sales typically priced using prevailing gold market prices (often referencing benchmark spot prices), a...
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
Positive
0.72
Price Trends
0.70
Positive
0.64
Positive
0.53
Positive
Market Momentum
>-0.01
Negative
60.23
Neutral
97.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SBM, the sentiment is Positive. The current price of 0.72 is above the 20-day moving average (MA) of 0.62, above the 50-day MA of 0.70, and above the 200-day MA of 0.53, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 60.23 is Neutral, neither overbought nor oversold. The STOCH value of 97.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$2.46B | 13.08 | 9.92% | ― | 51.66% | 86.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$686.83M | -15.95 | -17.62% | ― | ― | -5.41% | |
51 Neutral | AU$1.60B | -1.53 | -63.71% | ― | ― | 70.81% | |
46 Neutral | AU$877.10M | -704.50 | -11.26% | ― | -3.61% | -49.39% | |
44 Neutral | AU$679.73M | -31.49 | ― | ― | ― | ― | |
43 Neutral | AU$471.34M | 6.25 | -3.45% | ― | ― | 16.67% |
* Basic Materials Sector Average
AU:SBM
St. Barbara
0.73
0.49
202.08%
AU:ALK
Alkane Resources Ltd
1.80
1.07
146.58%
AU:MEK
Meeka Gold Limited
0.16
0.00
0.00%
AU:TCG
Turaco Gold Ltd
0.65
0.21
48.28%
AU:WIA
WIA Gold Limited
0.47
0.31
190.63%
AU:DTR
Dateline Resources Limited
0.43
0.42
4150.00%
St. Barbara Corporate Events
St Barbara Clears 103,855 Lapsed Performance Rights From Capital Structure
Apr 8, 2026
St Barbara Limited has announced the cessation of 103,855 performance rights, identified under the ASX security code SBMAK, following their expiry without being exercised or converted on 8 April 2026. The lapse of these performance rights marginal...
St Barbara Assures Ample, Low-Cost Diesel Supply for Simberi Amid Global Disruptions
Mar 22, 2026
St Barbara has confirmed that its Simberi Operations in Papua New Guinea are well stocked with diesel fuel despite global supply chain disruptions linked to shipping restrictions through the Strait of Hormuz. The site, which consumes around 65,000...
S&P Dow Jones Indices Unveils March 2026 Shake-Up to Key S&P/ASX Benchmarks
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX index suite, reshaping membership across the 20, 50, 100, 200 and 300 benchmarks ahead of trading on March 23. The changes reflect shifts in market capitalisation ...
St Barbara lifts gold resources, unveils inaugural Simberi silver inventory
Feb 19, 2026
St Barbara Limited reported that as of 31 December 2025, group gold Mineral Resources rose to 7.9 million ounces from 6.9 million ounces a year earlier, while gold Ore Reserves eased to 3.8 million ounces from 4.0 million ounces. The increase in r...
St Barbara Swings Back to Profit and Secures Funding for Simberi Growth Push
Feb 19, 2026
St Barbara has reported a sharp turnaround in its half-year results to 31 December 2025, posting an underlying profit after tax of A$1.3 million versus a loss of A$48.1 million a year earlier and generating A$18 million in operating cash after sus...
St Barbara quietly builds low-cost exploration pipeline around Nova Scotia hub
Feb 10, 2026
St Barbara has significantly expanded and optimised its Nova Scotia tenement portfolio over FY25 and FY26, assembling 174 exploration licences and one mining lease covering nearly 70,000 hectares. Within a 75-kilometre radius of its planned 15-Mil...
St Barbara Wins Simberi Mining Lease Extension to 2038, Clearing Path for Strategic Investments
Jan 28, 2026
St Barbara has secured an extension of Mining Lease ML 136 for its New Simberi Gold Project in Papua New Guinea until 2038, aligning the tenure with the project’s mine life based on current ore reserves. The extended lease satisfies a key co...
St Barbara Secures Funding and Approvals for Long-Life Gold Growth Projects
Jan 28, 2026
St Barbara has outlined strong progress across its growth pipeline, with a completed Feasibility Study confirming the New Simberi Gold Project as a 13-year, long-life, low-cost operation expected to produce more than 200,000 ounces of gold per yea...
St Barbara Shares Halted Pending Simberi Mining Lease Extension Update
Jan 27, 2026
St Barbara Limited has requested and been granted a trading halt on its securities on the ASX, effective 27 January 2026, while it prepares an announcement concerning the extension of the Simberi mining lease. The halt will remain in place until e...
St Barbara’s 15-Mile Hub PFS Confirms High-Return Nova Scotia Gold Project
Jan 21, 2026
St Barbara has completed a Pre-Feasibility Study for its 15-Mile Processing Hub Project in Nova Scotia, confirming a capital-efficient, long-life gold operation built around a central processing hub at 15-Mile fed by satellite open pits at Beaver ...
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.