22 stories mentioning ASX:SFRUpdated 2d ago
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Sandfire Resources (ASX:SFR) has an average rating of overweight and mean price target of AU$19.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Sandfire Resources (ASX:SFR) delivered a record June quarter to close out fiscal year 2026 as its copper-equivalent production of 47,600 tonnes came in roughly 5% above Jarden's forecast, the investment firm said in a late Thursday note.The company's full-year fiscal year 2026 financial results also represent a solid beat, with unaudited earnings before interest, taxes, depreciation, and amortization of $867 million topping consensus estimates on higher revenue.Sandfire's C1 unit costs are at record lows, and with the spot copper price resiliently holding above $6 per pound, the company is currently generating record margins at its MATSA and Motheo assets in Spain and Botswana, respectively, Jarden said.The investment firm now expects Sandfire to report fiscal year 2026 underlying net profit after tax of $352 million, and raised its forecast final dividend by 50% to AU$0.15 per share.Jarden maintained an underweight rating on Sandfire, noting that it remains alert to more attractive entry points, with an unchanged price target of AU$15.50.Sandfire Resources shares fell 4% in recent Friday trade.
Sandfire Resources' (ASX:SFR) fiscal fourth-quarter production was strong to finish the year, in line with company guidance, Jefferies said in a note on Thursday.It reported fiscal fourth-quarter copper-equivalent production of 47,600 tonnes, up from 41,800 tonnes a year earlier.Despite inflationary headwinds, costs were better than expectations and helped to maintain the firm's net-cash position.Its fiscal year 2027 guidance is largely in line with fiscal year 2026 performance, at 150,000 tonnes to 166,000 tonnes of copper-equivalent. Jefferies forecast fiscal 2027 production of 151,000 tonnes of copper-equivalent. It modelled underlying operating costs of $60.45 per tonne. Fiscal year 2027 capital expenditure is guided to increase by around 33%, from the $225 million in fiscal year 2026.The investment firm maintained its buy rating and AU$24 per share price target on Sandfire Resources.
(Updates to add stock movement in the headline and the last paragraph)Sandfire Resources (ASX:SFR) reported fiscal fourth-quarter copper-equivalent production of 47,600 tonnes, up from 41,800 tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company expects fiscal 2027 copper-equivalent production to range between 150,000 and 166,000 tonnes, the filing added.The company's shares rose around 5% in recent Thursday trade.
Sandfire Resources (ASX:SFR) reported fiscal fourth-quarter copper equivalent production of 47,600 tonnes, up from 41,800 tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company expects fiscal 2027 copper-equivalent production to range between 150,000 and 166,000 tonnes, the filing added.
Havilah Resources (ASX:HAV) said reverse circulation drilling began at the Brooks Dam prospect in South Australia, located near the Kalkaroo copper-gold deposit, according to a Tuesday Australian bourse filing.The drilling is being funded under the strategic alliance agreement with Sandfire Resources (ASX:SFR)Drilling at the location was delayed for over two months due to "abnormally heavy" and persistent rainstorms across the region.
Sandfire Resources' (ASX:SFR) more attractive development opportunities besides the Black Butte project in Montana, as well as its modest scale, increase the likelihood of divestment, Jefferies said in a Monday note.The company modeled around 25,000 tonnes per annum of copper over a 12-year life-of-mine and a net present value of AU$91 million for Black Butte. The Lowry reserve increase of 4.7 million tonnes adds around four-years to the Black Butte life-of-mine.Jefferies reduced its capital expenditure forecast in-line with Sandfire's expectations to $475 million. Development of the Lowry deposit remains contingent on regulatory approvals with the company guiding to a six-year process commencing coincident with Johnny Lee deposit access decline development.Sandfire seems to hold an internal preference for the Kalkaroo project, with its increased scale and expedited development timeline, Jefferies noted.The investment firm retained its buy rating on Sandfire Resources with a price target of AU$24.Sandfire Resources' shares slipped 1% in recent Tuesday trade.
(Update to add stock movement in the headline and the sixth paragraph)Sandfire Resources (ASX:SFR) issued an updated pre-feasibility study (PFS) for its Black Butte copper project in Montana, outlining a substantially larger development with an extended mine life and enhanced project scale, according to an Australian bourse filing on Thursday after market hours.The study reports a maiden ore reserve for the Lowry deposit of 4.7 million tonnes grading 2.1% copper, containing 100,000 tonnes of copper, alongside a 255% increase in the Lowry mineral resource to 31.5 million tonnes grading 1.3% copper, containing 400,000 tonnes of copper, per the filing.Additionally, Black Butte's total ore reserves increased by 49% to 14.3 million tonnes grading 2.6% copper, containing 370,000 tonnes of copper, extending the planned mine life by about 50% to 12 years, the filing said.The project is expected to produce 35,000 tonnes per annum of contained copper in its first four years, averaging 31,000 tonnes per annum over the initial mine life, with Johnny Lee fully permitted and Lowry advancing through approvals.The PFS is based on a long-term copper price of $4.70 per pound, with initial capital expenditure estimated at around $474 million, life-of-mine sustaining capital of $180 million, an 88% metallurgical recovery rate, and a C1 cash cost of $2.68 per pound of payable copper, the filing added.Its shares rose 4% in recent trading on Friday.
Sandfire Resources (ASX:SFR) issued an updated pre-feasibility study (PFS) for its Black Butte Copper Project in Montana, outlining a substantially larger development with an extended mine life and enhanced project scale, according to an Australian bourse filing on Thursday after market hours.The study reports a maiden ore reserve for the Lowry deposit of 4.7 million tonnes grading 2.1% copper, containing 100,000 tonnes of copper, alongside a 255% increase in the Lowry mineral resource to 31.5 million tonnes grading 1.3% copper, containing 400,000 tonnes of copper, per the filing.Additionally, Black Butte's total ore reserves increased by 49% to 14.3 million tonnes grading 2.6% copper, containing 370,000 tonnes of copper, extending the planned mine life by about 50% to 12 years, the filing said.The project is expected to produce 35,000 tonnes per annum of contained copper in its first four years, averaging 31,000 tonnes per annum over the initial mine life, with Johnny Lee fully permitted and Lowry advancing through approvals.The PFS is based on a long-term copper price of $4.70 per pound, with initial capital expenditure estimated at around $474 million, life-of-mine sustaining capital of $180 million, an 88% metallurgical recovery rate, and a C1 cash cost of $2.68 per pound of payable copper, the filing added.
Sandfire Resources (ASX:SFR) has an average rating of overweight and mean price target of AU$20.01, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Sandfire Resources (ASX:SFR) received notice that BlackRock Group and its subsidiaries are no longer substantial holders of the company from Monday, according to a Thursday Australian bourse filing.BlackRock Group and its subsidiaries became a substantial holder of the company on June 2, with a 5% total voting power, an earlier filing showed.
Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88
Sandfire Resources (ASX:SFR) shares were marginally lower in recent Thursday trade, while Capstone Copper (ASX:CSC) fell past 1%, after the price of copper declined to a three-week low amid renewed clashes in the Middle East.The US carried out retaliatory strikes against Iran in a move that generated fresh uncertainty for inflation, borrowing costs, and economic growth, Bloomberg reported.The price of copper dropped 0.6% to $13,431 per ton on the London Metal Exchange just ahead of midday in Shanghai, and earlier fell to $13,378 to hit its lowest level since May 20, according to the report.
Havilah Resources (ASX:HAV) is set to start a regional drill program near the Kalkaroo copper-gold project in South Australia in June, according to a Friday Australian bourse filing.The mining firm carried out necessary preparatory work for the program, which was delayed due to unseasonally heavy rains in the region.Sandfire Resources (ASX:SFR) is preparing to proceed with the construction of a camp and drill core handling facilities at Kalkaroo. Sandfire will commit a minimum of AU$30 million over two years to fund regional exploration within the broader Curnamona province under the terms of the exploration strategic alliance.Shares of Havilah Resources rose 2% in recent trading on Friday.
Copper is benefiting from long-term structural demand drivers, including demand for electric vehicles, electric grid build-out, data center expansion, and constrained new supply, and UBS lifted its price forecasts for 2026, 2027, and 2028 by 13%, 4%, and 3%, respectively, the Australian Financial Review reported on Friday.UBS lifted its long-term copper price assumption to $5.50 per pound, in real terms, with higher prices required to incentivize new supply. Analyst Levi Spry said industry conditions are worsening on the supply side.It upgraded Evolution Mining (ASX:EVN) to a buy recommendation and Sandfire Resources (ASX:SFR) to a neutral recommendation.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Boab Metals (ASX:BML) said all conditions precedent to the completion of the agreement with Sandfire Resources (ASX:SFR) to acquire the DeGrussa processing plant for use at Boab's Sorby Hills silver-lead project were satisfied, according to a Monday Australian bourse filing.The completion of the transaction will occur in the coming days, and the plant will be dismantled and relocated to the Meekatharra region of Western Australia to Sorby Hills.Boab's shares fell 4% in recent trading on Monday, while those of Sandfire fell 3%.
Shares of Australia-listed copper producers fell in recent Friday trade as the price of the metal fell from its recent record high.Shares of BHP (ASX:BHP) and Capstone Copper (ASX:CSC) fell past 2% in recent Friday trade, while Sandfire Resources (ASX:SFR) dropped past 4%.
Cyprium Metals (ASX:CYM) appointed Richard Holmes as chief development officer, effective June 1, according to a Thursday Australian bourse filing.Holmes most recently held the position of chief development officer at Sandfire Resources (ASX:SFR), the filing added.The company's shares fell 3% in recent Thursday trade.
Ora Banda Mining (ASX:OBM) has appointed John Richards as chair-elect, with plans for him to assume the role following the retirement of current Chair Peter Mansell at the company's annual general meeting in November, according to a Tuesday filing with the Australian bourse.Richards is currently non-executive chair of Sandfire Resources (ASX:SFR) and lead independent non-executive director of Sheffield Resources (ASX:SFX), the filing added.
Here are the 10 ASX-listed companies with the biggest gains on Monday.Elevra Lithium (ASX:ELV): +7%, AU$12.92Newmont (ASX:NEM): +6%, AU$166.42IGO (ASX:IGO): +5%, AU$7.39Pilbara Minearls (ASX:PLS): +3%, AU$5.99Breville Group (ASX:BRG): +2%, AU$31.53Evolution Mining (ASX:EVN): +2%, AU$13.08Greatland Resources (ASX:GGP): +2%, AU$14.23Life360 (ASX:360): +1%, AU$21.23Sandfire Resources (ASX:SFR): +1%, AU$17.34Mineral Resources (ASX:MIN): +1%, AU$60.24
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