St Barbara Ltd SBM: Latest News and Share Price
Company Overview
St Barbara Ltd (SBM) is a gold mining company listed on the Australian Securities Exchange (ASX). The company's operations are primarily in Australia, with a focus on the Leonora region of Western Australia.
SBM has a portfolio of gold projects, including the Gwalia, Granny Smith, and Blue Spec mines. The company also has a number of exploration projects in Australia and Canada.
Recent News
Sale of Catalyst Stake
On Friday, SBM announced the sale of its entire stake in Catalyst Metals (CYL). The sale netted SBM cash proceeds of $30 million.
Sale of Leonora Assets
In July, SBM announced the sale of its Leonora assets to Genesis Minerals (GMD) for a total consideration of $600 million. The sale is expected to be completed in the fourth quarter of 2023.
Share Price Performance
SBM's share price has been relatively stable in recent months, trading between $0.60 and $0.70. However, the share price has come under pressure in recent weeks, following the announcement of the sale of the Leonora assets.
Analyst Recommendations
Most analysts have a "hold" recommendation on SBM shares. The average target price for the stock is $0.65, which is slightly below the current share price.
Dividend History
SBM has a history of paying dividends to shareholders. The company's dividend yield is currently around 3%.
Conclusion
SBM is a gold mining company with a focus on the Leonora region of Western Australia. The company has a portfolio of gold projects and a number of exploration projects. SBM's share price has been relatively stable in recent months, but has come under pressure in recent weeks following the announcement of the sale of the Leonora assets.
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