Macquarie resumes coverage on St. Barbara following the company’s acquisition of Bardoc Gold. The acquisition looks to boost output at the company’s Leonora project by 260,000 ounces annually between FY25-29.
Alongside production growth at the Simberi Sulphides and Atlantic projects, the broker highlights production should reach around 590,000 ounces per annum between FY25-30, more than double Macquarie’s estimated production in FY22.
The broker resumes coverage with an Outperform rating and a target price of $1.53.
Sector: Materials.
Target price is $1.53.Current Price is $1.53. Difference: $0.00 – (brackets indicate current price is over target). If SBM meets the Macquarie target it will return approximately 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).
