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

$23.27

27 Aug
2026

-0.880

OPEN

$23.17

-3.64%

HIGH

$23.75

2,563,007

LOW

$22.85

TARGET
$20.083 -13.7% 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 FY27
Forecast		 FY28
Forecast
EPS (cps) 174.6 xxx
DPS (cps) 85.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 13.4 xxx
Dividend Yield 3.7% xxx
Div Pay Ratio(%) 49.2% 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx113.5
DPS All xxxxxxxxxxxxxxx0.0
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

-0.1

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$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

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

27/08/2026

2

Accumulate

$23.40

0.56%

Ord Minnett notes Sandfire Resources' FY26 result was broadly in line with consensus, with the key surprise a 35c final dividend, 16c above expectations and representing around 48% of 2H26 earnings.

Capital returns are expected to remain strong as Sandfire enters a higher free cash flow phase ahead of longer-dated Kalkaroo investment, forecasting FY27 free cash flow of US$780m at spot prices and dividends of 77c per share.

The broker also highlights encouraging near-mine exploration at Motheo and Matsa, which could support future growth in mineral inventories.

Ord Minnett raises its target price by 22% to $23.40, reflecting the model roll-forward and higher valuation multiples to better align Sandfire with yield peers, and retains Accumulate.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 81.42 cents and EPS of 162.98 cents.
Ord Minnett forecasts a full year FY28 dividend of 77.06 cents and EPS of 154.70 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

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

Jarden

xx/xx/xxxx

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

30/07/2026

1

Buy

$24.00

(26/08/2026)

3.14%

Canaccord Genuity maintains a Buy rating for Sandfire Resources with its target price increased to $22.00 from $21.50 following a strong June quarter 2026 performance.

Group copper-equivalent production reached 47.6kt, surpassing expectations as operational disruptions at Matsa resolved and higher-grade ore from the A4 open pit drove a 59% sequential jump in copper production at Motheo.

The operational rebound supported a 362% quarterly expansion in net cash to US$353m, allowing the company to fully clear outstanding debt ahead of FY27.

To align with management guidance, the analyst increases FY26 EBITDA forecasts by 4% while forecasting a modest 5.0c unfranked final dividend.

The Kalkaroo project continues to advance as a key future growth pillar with a 130km drilling campaign underway, while FY27 copper-equivalent production guidance of 158kt presents a reliable operational outlook, the report concludes.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 72.70 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 94.50 cents.
Access Extra Coverage Research History >

SFR STOCK CHART

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