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St. Barbara
(Sydney:SBM)
St. Barbara (SBM) vs. iShares MSCI Australia ETF (EWA)
St. Barbara Business Overview & Revenue Model
St. Barbara Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 215.52M | 215.52M | 197.72M | 323.85M | 201.27M | 740.25M |
| Gross Profit | -26.23M | -12.87M | -17.92M | 58.39M | -70.81M | 153.94M |
| EBITDA | -36.85M | -38.69M | -26.08M | -477.91M | -90.01M | -62.80M |
| Net Income | -93.78M | -93.78M | -53.91M | -429.20M | -160.82M | -176.60M |
Balance Sheet | ||||||
| Total Assets | 580.26M | 580.26M | 568.63M | 917.91M | 1.60B | 1.64B |
| Cash, Cash Equivalents and Short-Term Investments | 67.44M | 67.44M | 145.87M | 293.94M | 98.51M | 133.37M |
| Total Debt | 5.32M | 5.32M | 7.53M | 12.88M | 171.64M | 109.25M |
| Total Liabilities | 206.22M | 206.22M | 219.34M | 524.46M | 489.67M | 522.09M |
| Stockholders Equity | 374.05M | 374.05M | 349.29M | 393.45M | 1.11B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | -128.63M | -153.69M | -90.25M | -33.80M | -51.14M | 93.67M |
| Operating Cash Flow | -81.08M | -81.08M | -57.41M | 51.90M | 87.66M | 227.10M |
| Investing Cash Flow | -48.93M | -48.93M | -36.14M | 285.89M | -170.01M | -199.26M |
| Financing Cash Flow | 46.78M | 46.78M | -3.54M | -197.94M | 38.43M | -293.78M |
St. Barbara Technical Analysis
St. Barbara Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $2.11B | 27.84 | 9.84% | ― | 51.66% | 86.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$810.12M | -135.00 | -4.97% | ― | ― | 16.67% | |
54 Neutral | AU$693.51M | -128.21 | -9.13% | ― | ― | -5.41% | |
52 Neutral | AU$1.30B | -78.72 | -183.07% | ― | ― | 70.81% | |
44 Neutral | AU$695.63M | -5.68 | -15.01% | ― | -3.61% | -49.39% |
St. Barbara Corporate Events
St Barbara Limited has announced the cessation of 571,797 performance rights (ASX code SBMAK) after the conditions attached to these rights were not met or became incapable of being satisfied as of 6 January 2026. The lapse of these conditional rights reduces the company’s potential future equity dilution and may reflect performance or milestone outcomes under its incentive plans, with limited immediate impact on existing shareholders but some implications for management and staff participation in equity-based remuneration.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara has received a A$32 million escrowed deposit from Lingbao Gold Group as part of a planned A$370 million subscription for a 50% stake in St Barbara Mining Pty Ltd, which will hold an 80% interest in the Simberi Gold Project after completion. The parties aim to finalise the strategic investment in conjunction with a Final Investment Decision on the Simberi Expansion Project in the third quarter of FY26, underscoring a major funding milestone that supports the project’s development and signals continued confidence in Simberi’s long-term growth potential.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited announced a change in the director’s interest, with Mr. Andrew Michael Strelein, the Managing Director & CEO, acquiring 2,595,010 unlisted employee rights as part of performance-linked long-term incentives for the 2026 financial year. This issuance, approved by shareholders at the 2025 Annual General Meeting, reflects the company’s commitment to aligning executive incentives with long-term strategic goals, potentially impacting its operational focus and stakeholder interests.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St. Barbara Limited has announced the issuance of 17,723,873 unquoted performance rights under an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted, indicating a strategic move to incentivize employees and potentially enhance company performance.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has announced the completion of the Touquoy Restart Study, which supports the recommencement of operations at the Touquoy site in Nova Scotia. The study indicates strong project economics with a low capital requirement, leveraging existing infrastructure to produce 38,000 ounces of gold over a 13-month period. The improved permitting environment in Nova Scotia and rising gold prices have facilitated this restart, which is expected to contribute significantly to the local economy and provide employment opportunities. The project aims to generate positive cash flow and maintain environmental commitments, with future potential for renewable energy projects at the site.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has entered into agreements with Lingbao Gold Group and Kumul Mineral Holdings to fund the expansion of the Simberi Gold Project. Lingbao will acquire a 50% interest in St Barbara Mining Pty Ltd for A$370 million, while Kumul will acquire a 20% stake in the Simberi Gold Project for A$100 million. This strategic partnership with Lingbao, a major Chinese gold producer, and Kumul’s involvement demonstrate strong support for the project, de-risking its development and accelerating its timeline. The transaction values the Simberi Gold Project at A$800 million, representing a significant premium to St Barbara’s market capitalization, and positions the company to advance its projects in Canada.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has entered into a binding agreement with Kumul Mineral Holdings Limited for Kumul to acquire a 20% interest in the Simberi Gold Project for A$100 million. This joint venture aligns with the Papua New Guinea government’s goals of increased local ownership and benefits sharing from resource projects. The agreement also includes plans for Kumul to earn a stake in the Tabar Islands Exploration Licenses, further strengthening St Barbara’s strategic positioning in the region.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has completed a feasibility study for the Simberi Expansion Project, confirming it as a high-quality, long-life, low-cost asset. The study highlights a significant increase in mineral resources and outlines a 13-year life of mine with competitive all-in sustaining costs. The project is expected to leverage existing infrastructure to produce over 200,000 ounces of gold annually from FY29, with a post-tax NPV of up to US$1,811 million at higher gold and silver prices. This expansion is poised to enhance St Barbara’s operational efficiency and market position, offering substantial value to shareholders.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has requested a trading halt on its securities on the Australian Securities Exchange due to pending announcements regarding potential material transactions related to the Simberi Gold Mine and the outcomes of the Simberi Expansion Project Feasibility Study. This halt is expected to remain until the announcements are made or normal trading resumes on December 12, 2025, indicating significant developments that could impact the company’s operations and stakeholder interests.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited held its Annual General Meeting on 20 November 2025, where all resolutions proposed to shareholders were successfully passed. The meeting saw participation through proxies representing approximately 51% of the company’s total issued capital, indicating a significant level of shareholder engagement. This outcome reflects positively on the company’s governance and may influence its strategic direction and stakeholder relations.
The most recent analyst rating on (AU:SBM) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St. Barbara Limited’s 2025 Annual General Meeting highlighted significant progress in its major projects, particularly the Simberi Expansion Project and the 15-Mile Processing Hub. The company is evaluating strategic alternatives for the Simberi project due to unsolicited interest, while improved permitting and government support in Nova Scotia bolster the 15-Mile Processing Hub’s development. Safety improvements were also noted, with a significant reduction in the Total Recordable Injury Frequency Rate. The company is focused on strategic and funding options to maximize shareholder value.
The most recent analyst rating on (AU:SBM) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St. Barbara has made significant progress in its Simberi Expansion Project, with the feasibility study on track for completion in Q2 FY26. The company has invested A$16 million in early works, including camp expansion and procurement of a ball mill. Additionally, the Papua New Guinea Mining Advisory Committee has recommended extending the Simberi Mining Lease until 2038. In Nova Scotia, the company is exploring reopening the Touquoy mine due to improved permitting processes. Operationally, St. Barbara reported a decrease in safety incidents and a cash flow contribution of A$14 million for Q1 FY26. Financially, the company completed a A$58 million capital raise to support growth capital needs.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has submitted its 2025 Appendix 4G and Corporate Governance Statement, affirming its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. This submission underscores the company’s commitment to transparency and accountability, potentially enhancing its reputation and trust among investors and stakeholders.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has released its 2025 Annual Report, which has been distributed to shareholders and is available on the company’s website. This report is intended to complement the Corporate Governance Statement also released today. The publication of the Annual Report is a significant event for stakeholders, providing insights into the company’s financial health and strategic direction.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has announced its 2025 Annual General Meeting, scheduled to take place in person on November 20, 2025, at The Parmelia Hilton in Perth, Western Australia. The company has also released its Annual Report and Corporate Governance Statement, which are available on its website. Shareholders are encouraged to vote online and submit questions prior to the meeting, with presentations from the Chair and Managing Director to be made available on the day of the meeting.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St. Barbara Limited announced the cessation of 250,079 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This development may affect the company’s capital structure and could have implications for its stakeholders, as it reflects on the company’s operational performance and strategic execution.
The most recent analyst rating on (AU:SBM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has successfully completed an institutional placement, raising A$58 million from both new and existing Australian and international investors. The funds will be used for the expansion and conversion of Simberi’s mobile fleet, finalizing the Simberi Expansion Feasibility Study, advancing pre-expansion growth capital items, and completing the pre-feasibility study on the 15-Mile Processing Hub, which are expected to strengthen the company’s operational capabilities and market position.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St Barbara Limited has successfully completed an institutional placement, issuing 126,086,957 fully paid ordinary shares at $0.46 per share to professional and sophisticated investors. This move is part of the company’s strategic financial activities, potentially impacting its market positioning by enhancing capital resources without requiring disclosure under Part 6D.2 of the Corporations Act.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.
St. Barbara Limited has announced the issuance of 126,086,957 fully paid ordinary securities, which will be quoted on the ASX as of October 13, 2025. This issuance is part of previously announced transactions, indicating a strategic move to potentially enhance the company’s capital structure and market presence.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.