SANDFIRE RESOURCES LIMITED (SFR)
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SFR

SFR - SANDFIRE RESOURCES LIMITED

FNArena Sector : Copper
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.47
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Sandfire Resources is an Australian mining and exploration company. Its main asset is the DeGrussa copper/gold mine in Western Australia. The company was formed and listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$18.67

09 Jun
2026

-0.610

OPEN

$18.15

-3.16%

HIGH

$18.84

2,199,512

LOW

$17.53

TARGET
$18.033 -3.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
29M . A1M . AR1 . CBE . CNB . CSC . CVV . CY5 . CYM . FFM . HGO . LEG . MLX . MM1 . MM8 . NEM . SLS . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
SFR: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 106.8 xxx
DPS (cps) 13.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 17.1 xxx
Dividend Yield 0.7% xxx
Div Pay Ratio(%) 12.8% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/03 - ex-div 3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx31.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,830.3 M
Book Value Per Share xxxxxxxxxxxxxxx594.0
Net Operating Cash Flow xxxxxxxxxxxxxxx746.3 M
Net Profit Margin xxxxxxxxxxxxxxx7.87 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx5.51 %
Return on Invested Capital xxxxxxxxxxxxxxx4.52 %
Return on Assets xxxxxxxxxxxxxxx3.16 %
Return on Equity xxxxxxxxxxxxxxx5.51 %
Return on Total Capital xxxxxxxxxxxxxxx10.39 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx434.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx23 M
Long Term Debt xxxxxxxxxxxxxxx363 M
Total Debt xxxxxxxxxxxxxxx386 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx169 M
Price To Book Value xxxxxxxxxxxxxxx1.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx311.5 M
Capex % of Sales xxxxxxxxxxxxxxx17.02 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,469 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx24 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

24/04/2026

3

Hold

$20.40

9.27%

Morgans notes Sandfire Resources' 3Q26 operational result was in line with pre-released production, with weaker output driven by timing and weather impacts rather than structural issues.

The broker expects a stronger 4Q, supported by improving throughput at Matsa and higher grades at Motheo.

Costs remain well controlled, in the analyst's opinion, although risks from Middle East-related disruptions to fuel and logistics are building.

Morgans retains its $20.40 target and upgrades to Accumulate from Hold, citing recent share price weakness and a constructive outlook for copper.

FORECAST
Morgans forecasts a full year FY26 dividend of 14.79 cents and EPS of 140.49 cents.
Morgans forecasts a full year FY27 dividend of 38.45 cents and EPS of 218.87 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

27/04/2026

4

Underweight

$15.00

-19.66%

Jarden maintains an Underweight rating and a $15.00 target price for Sandfire Resources following a mixed third-quarter production report.

Group operations capitalised on favourable by-product pricing, which materially compressed C1 unit costs across the portfolio and propelled the company toward record financial margins as the spot copper price climbed above US$6.00 per pound.

However, a weak quarter of physical delivery, primarily due to lower head grades constraining the otherwise record mining and milling performance at the Motheo project, forced management to guide full-year volumes toward the bottom end of the target range.

The analysts downgraded near-term earnings forecasts slightly to reflect these weaker production actuals alongside the commencement of tax payments in Botswana.

While the broker views the underlying assets, cash generation, and advancing Kalkaroo pre-feasibility study highly favourably, the current recommendation remains anchored strictly on valuation discipline.

FORECAST
Jarden forecasts a full year FY26 dividend of 22.92 cents and EPS of 104.56 cents.
Jarden forecasts a full year FY27 dividend of 81.48 cents and EPS of 142.56 cents.
Access Extra Coverage Research History >

SFR STOCK CHART

FNArena News on SFR

1
Rudi’s View: Australia’s Sh*t Sandwich

Jun 04 2026 - Rudi's View
2
May In Review: AI Momentum, Healthcare Pain

Jun 03 2026 - Australia
3
Australian Broker Call *Extra* Edition – May 28, 2026

May 28 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 22-05-26

May 25 2026 - Weekly Reports
5
Uptrend Resumes For Sandfire Resources Shares

May 12 2026 - Technicals

Latest Copper News

1
Uptrend Resumes For Sandfire Resources Shares

May 12 2026 - Technicals
2
Beyond Capstone Copper’s Guidance Shock

Feb 20 2026 - Commodities
3
Break-Out For Capstone Copper Shares

Dec 09 2025 - Technicals
4
How Much Sandfire ‘Premium’ Is Justified?

Oct 29 2025 - Commodities
5
The Global Impact Of Trump’s Copper Tariff

Jul 14 2025 - Commodities
6
Capstone’s Copper Evolution Continues

Jul 02 2025 - Commodities
7
Capstone Copper At Inflection Point

Nov 26 2024 - Commodities
8
Sandfire’s Inverse-Head-And-Shoulders

Sep 24 2024 - Technicals
9
Listen To What Dr. Copper Has To Say

Jun 06 2024 - Technicals
10
Copper: Due A Breather

Apr 17 2024 - Technicals