Australia's Sandfire Resources drops on lower quarterly production

Sandfire Resources

23/04/2026 06:46

Updates

** Shares of Australia's Sandfire Resources SFR.AX fall as much as 4.5% to A$17.075, their lowest level since April 13

** Jefferies says production results 3% below estimated, down 13% from VA estimates

** Brokerage sees lower dividend yields post Kalkaroo deal

** Says co's operations affected by high rainfall, unplanned maintenance early in quarter

** Co reports a fall in group equivalent production for March quarter to 34.5 kilo tons, down from 36.1 kilo tons a year earlier

** Co retains its copper equivalent production outlook for FY26, but said full-year volumes are forecast to be within the lower half of the range

** Avg stock rating of 13 analysts is "buy" or higher; their median PT is A$19.48, LSEG-compiled data shows

** Sandfire stock down 3.4%, YTD

 (Reporting by Shruti Agarwal and Aamir Sheik Khalid in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com
Aamir.SheikKhalid@thomsonreuters.com))