Brokerages positive on Australia's Sandfire Resources post annual output

Sandfire Resources

30/07/2025 04:22

Updates

** Jefferies maintains 'hold' rating on copper miner Sandfire Resources SFR.AX, price target A$12.00

** Brokerage says despite volatility and uncertainty seen in the mining industry, the copper miner has delivered "operational consistency and incremental growth outlooks"

** But Jefferies highlights negative impacts from wet weather at co's Motheo project, notes premium valuation of shares

** Sandfire, however, remains brokerage's preferred ASX copper exposure

** Company on Tuesday reported FY underlying EBITDA of $528 million vs $362.2 million last yearw

** Jarden continues to view Sandfire as a core holding in the resources sector, once again delivering a predictable set of operating and financial statistics

** Brokerage hikes target price to A$11.2 from A$11.1, maintains 'buy' call

** SFR down 0.9% on the day, up 19.3% YTD

 (Reporting by Nichiket Sunil and Nikita Maria Jino in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))