A positive paragraph from MF:Sandfire Resources Ltd (ASX: SFR)
Sandfire is another mid-tier copper producer with a market cap of approximately $1.1 billion. The company has leveraged the recent surge in copper prices, with its interim net profits surging from $34.2 million in 1H20 to $60.8 million in 1H21.
Sandfire has started developing its significant copper-silver production hub in Botswana, receiving board approval for the initial 3.2Mtpa operation.
The most recent broker update from Macquarie on 9 March believes higher copper prices will significantly impact Sandfire Resources.
The broker estimates the earnings forecast could rise by an average of 90% over the next five years. Macquarie rates its shares as outperform with an $8.8 target price. Sandfire shares are currently fetching $6.35.
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Last
$12.47 |
Change
0.080(0.65%) |
Mkt cap ! $5.725B | |||
| Open | High | Low | Value | Volume |
| $12.49 | $12.54 | $12.35 | $14.32M | 1.148M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $12.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 303 | 1 |
View Market Depth
| Last trade - 16.13pm 12/09/2025 (20 minute delay) ? |
| SFR (ASX) Chart |