Macquarie downgraded Sandfire Resources (SFRRF) to Neutral from Outperform with a A$10.90 price target Following the company’s Q3 report, the firm decreased its FY25 EPS estimate 4% and downgrades the shares based on the strong share-price performance making the stock fully valued.
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Read More on SFRRF:
- Sandfire Resources Reports Strong Q3 Despite Weather Challenges
- Sandfire Resources upgraded to Buy from Neutral at Goldman Sachs
- Sandfire Resources Secures New $650M Revolver Facility to Streamline Debt
- Principal Global Investors Acquires Substantial Stake in Sandfire Resources
- Sandfire Resources Refocuses Exploration Strategy in Portugal
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