SBM – Citi rates the stock as Upgrade to Neutral from Sell

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Commodities analysts at Citi this week revised their price forecasts for gold bullion, now predicting US$2000/oz in the medium term should be regarded as a genuine possibility.

In response, analysts in Australia have upgraded their views on domestic gold companies. St Barbara is hereby upgraded to Neutral from Sell.

Sector: Materials.

Target price is $3.00.Current Price is $2.78. Difference: $0.22 – (brackets indicate current price is over target). If SBM meets the Citi target it will return approximately 7% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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