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: 0.04
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Sandfire Resources is an international copper producer with operations including the MATSA mining complex in Spain and the Motheo copper operation in Botswana. It listed on the ASX in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$20.57

28 Oct
2026

0.950

OPEN

$20.47

4.84%

HIGH

$20.81

2,971,631

LOW

$20.47

TARGET
$20.717 0.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
29M . A1M . AR1 . CBE . CNB . CSC . CVV . CYM . FFM . KAN . LEG . MLX . MM1 . MM8 . NEM . SLS . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
SFR: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) 181.0 xxx
DPS (cps) 82.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.2 xxx
Dividend Yield 4.1% xxx
Div Pay Ratio(%) 45.7% 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: 8.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.45

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: 10/09 - ex-div 35.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx113.5
DPS All xxxxxxxxxxxxxxx35.0
Sales/Revenue xxxxxxxxxxxxxxx2,427.8 M
Book Value Per Share xxxxxxxxxxxxxxx685.8
Net Operating Cash Flow xxxxxxxxxxxxxxx1,078.3 M
Net Profit Margin xxxxxxxxxxxxxxx21.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx17.71 %
Return on Invested Capital xxxxxxxxxxxxxxx16.64 %
Return on Assets xxxxxxxxxxxxxxx11.49 %
Return on Equity xxxxxxxxxxxxxxx17.71 %
Return on Total Capital xxxxxxxxxxxxxxx24.72 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx775.9 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx34 M
Long Term Debt xxxxxxxxxxxxxxx19 M
Total Debt xxxxxxxxxxxxxxx53 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx509 M
Price To Book Value xxxxxxxxxxxxxxx2.80

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx354.0 M
Capex % of Sales xxxxxxxxxxxxxxx14.58 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,606 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx37 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7 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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

28/10/2026

5

Underweight

$20.35

-1.07%

Sandfire Resources has reaffirmed FY27 guidance, delivering first quarter copper production of 27,000t that was slightly below Morgan Stanley's estimates.

Revenue of US$480m was also below forecasts while group costs were ahead. The broker notes that at Matsa's La Juliana, drilling has confirmed around 160m of mineralised strike with potential extending to 350m or beyond.

Underweight rating retained. Target is $20.35. Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 110.62 cents and EPS of 183.88 cents.
Morgan Stanley forecasts a full year FY28 dividend of 224.11 cents and EPS of 152.28 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$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

29/10/2026

3

Upgrade to Neutral from Underweight

$20.50

-0.34%

Jarden lifts its rating for Sandfire Resources to Neutral from Underweight with its target price at $20.50 following a soft start to FY27.

First-quarter copper equivalent production fell -18% quarter-on-quarter to 39kt, missing Jarden's estimates by 5%, while group EBITDA of US$272m missed expectations by 10%.

Management retained full-year production and cost guidance, though higher exploration expenditure drove a 4% reduction in forecast FY27 EBITDA to US$1.15bn.

The analyst notes valuation metrics remain supportive following a retracement of more than 20% from August peaks, with the stock trading at a modest 4% discount to valuation.

Long-term upside potential is backed by the high-quality MATSA and Motheo operations alongside ongoing exploration at the Kalkaroo project.

FORECAST
Jarden forecasts a full year FY27 dividend of 71.83 cents and EPS of 225.54 cents.
Jarden forecasts a full year FY28 dividend of 71.83 cents and EPS of 212.61 cents.
Access Extra Coverage Research History >

SFR STOCK CHART

FNArena News on SFR

1
Weekly Ratings, Targets, Forecast Changes – 16-10-26

Oct 19 2026 - Weekly Reports
2
Weekly Ratings, Targets, Forecast Changes – 09-10-26

Oct 12 2026 - Weekly Reports
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4
Rudi’s View: Resources, Healthcare & Best Buys

Sep 03 2026 - Rudi's View
5
Rudi’s View: Resilient, But August Fails To Excite

Sep 02 2026 - Rudi's View

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