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Sandfire Resources Limited
(Sydney:SFR)
Sandfire Resources Limited (SFR) vs. iShares MSCI Australia ETF (EWA)
Sandfire Resources Limited Business Overview & Revenue Model
Sandfire Resources Limited Earnings Call Summary
Sandfire Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 941.67M | 1.19B | 921.57M | 1.16B | 1.42B | 771.83M |
| Gross Profit | 287.42M | 1.20B | 917.78M | -40.98M | 435.96M | 236.40M |
| EBITDA | 389.11M | 539.76M | 358.32M | 397.19M | 565.76M | 384.43M |
| Net Income | -19.67M | 93.25M | -17.35M | -76.68M | 153.66M | 172.39M |
Balance Sheet | ||||||
| Total Assets | 3.00B | 2.87B | 3.00B | 4.75B | 4.93B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 183.34M | 110.67M | 183.34M | 213.23M | 673.44M | 574.51M |
| Total Debt | 582.58M | 253.24M | 582.58M | 896.25M | 1.18B | 12.77M |
| Total Liabilities | 1.33B | 1.09B | 1.33B | 2.14B | 2.51B | 278.73M |
| Stockholders Equity | 1.67B | 1.79B | 1.67B | 2.61B | 2.42B | 907.83M |
Cash Flow | ||||||
| Free Cash Flow | 90.55M | 337.16M | 66.18M | -372.25M | 252.22M | 346.39M |
| Operating Cash Flow | 316.95M | 523.71M | 292.01M | 113.86M | 536.68M | 465.23M |
| Investing Cash Flow | -220.27M | -185.65M | -219.73M | -442.24M | -2.25B | -131.10M |
| Financing Cash Flow | -55.82M | -411.19M | -86.42M | -125.41M | 1.78B | -56.95M |
Sandfire Resources Limited Technical Analysis
Sandfire Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$8.61B | 59.55 | 5.39% | ― | 30.33% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$292.09M | -22.47 | -4.91% | ― | ― | -20.00% | |
53 Neutral | AU$1.44B | -270.95 | -4.85% | ― | ― | -17.57% | |
51 Neutral | AU$174.12M | -5.93 | -29.41% | ― | 281.37% | 2.27% | |
49 Neutral | AU$195.57M | -25.36 | -73.21% | ― | ― | -11.29% | |
46 Neutral | AU$169.88M | -1.15 | ― | ― | -57.00% | -1789.13% |
Sandfire Resources Limited Corporate Events
Sandfire Resources Limited has notified the market of a change in its issued capital, confirming that 69,542 performance rights (security code SFRAAE) have lapsed as of 18 December 2025 after the conditions attached to those rights were not met or became incapable of being satisfied. The cessation of these performance rights reduces the potential future dilution of existing shareholders and reflects an adjustment in the company’s equity-based incentive arrangements, with no new securities being issued in their place under this notice.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$17.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has applied to the ASX for quotation of 9,337 new ordinary fully paid shares, issued on 19 December 2025 following the exercise of options or conversion of other securities. The modest increase in quoted capital reflects routine equity issuance rather than a major capital raising, signalling incremental dilution for existing shareholders but underscoring ongoing employee or investor participation in the company’s equity-based instruments.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$17.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has applied for quotation on the ASX of 156,802 new ordinary fully paid shares, following the issue of these securities on 17 December 2025. The additional shares, arising from the exercise or conversion of existing options or other convertible securities, will marginally increase the company’s free float and share capital base, providing incremental liquidity for investors without materially altering its capital structure.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$17.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced an updated pre-feasibility study for the Black Butte Copper Project, highlighting the Johnny Lee deposit’s potential for a low-risk underground operation and a processing plant with significant copper output. The updated Mineral Resource and Ore Reserve estimates for Johnny Lee and Lowry deposits indicate increased copper tonnage, positioning the project as a near shovel-ready copper development in the US. This milestone enhances Sandfire’s strategic positioning in the global copper market, benefiting from favorable market conditions and investment environments for critical minerals in the United States.
The most recent analyst rating on (AU:SFR) stock is a Sell with a A$16.95 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced that Australian Retirement Trust Pty LTD has ceased to be a substantial holder of its shares as of December 5, 2025. This change in substantial holding may impact the company’s shareholder structure and could have implications for its market positioning and stakeholder interests.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$15.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced the application for the quotation of 50,076 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move, involving securities issued under an employee incentive scheme, reflects the company’s ongoing efforts to enhance its financial structure and incentivize its workforce, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced the issuance of 919,240 new fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing operations, potentially impacting its market positioning and offering implications for its stakeholders.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited announced a change in the director’s interest, specifically involving Brendan Harris. The changes include the acquisition and disposal of shares and performance rights, reflecting adjustments in Harris’s holdings due to the exercise of options and participation in incentive plans. This announcement highlights the company’s ongoing efforts to align director incentives with corporate performance, potentially impacting shareholder value and market perceptions.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced that Macquarie Group Limited and its controlled entities have ceased to be substantial holders in the company. This change in substantial holding may impact the company’s shareholder structure, potentially affecting its market perception and investor relations.
The most recent analyst rating on (AU:SFR) stock is a Sell with a A$15.55 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced that Australian Retirement Trust Pty Ltd has ceased to be a substantial holder in the company as of November 13, 2025. This change in substantial holding could impact the company’s shareholder dynamics and influence its market perception, as substantial holders often play a significant role in corporate governance and strategic decisions.
The most recent analyst rating on (AU:SFR) stock is a Sell with a A$15.55 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited and Havilah Resources Limited have signed a binding term sheet to advance the Kalkaroo Copper-Gold Project in South Australia. The agreement allows Sandfire to earn an 80% interest in the project through a two-stage earn-in structure, involving a total consideration of A$210M and a commitment to regional exploration. This collaboration aims to unlock one of Australia’s largest undeveloped copper-gold deposits and enhance regional exploration potential, potentially transforming the Curnamona Province into a major copper hub.
The most recent analyst rating on (AU:SFR) stock is a Sell with a A$11.80 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited, a company involved in the mining industry, held its 2025 Annual General Meeting where several resolutions were passed. Key resolutions included the re-election of directors and the approval of incentive grants for the CEO and Managing Director, reflecting strong shareholder support and potentially impacting the company’s leadership stability and strategic direction.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$15.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited reported a successful 2025 financial year, marked by a 12% increase in Group Copper Equivalent Production and strong financial results, including a significant reduction in net debt. The company maintained a strong safety performance and continued its commitment to sustainability, with strategic efforts to increase reserves and mine life. The Board reviewed its committee structure to support its copper portfolio, and no dividend was declared for FY25, prioritizing disciplined investment and balance sheet de-gearing.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$15.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited reported a reduction in its Total Recordable Injury Frequency to 1.4, with no injuries in Q1 FY26, highlighting its commitment to safety. The company achieved a CuEq production of 35.5kt, surpassing its plan by nearly 5%, and maintained its production and cost guidance for FY26. The MATSA and Motheo operations contributed significantly to this output, despite challenges with ore quality and processing rates. Financially, Sandfire achieved $328M in sales revenue and reduced its net debt by $61M, reflecting strong operational and financial discipline. The company also received regulatory approval for a new tailings storage facility and continued its exploration investments, positioning itself strategically for future growth.
The most recent analyst rating on (AU:SFR) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced that its September 2025 Quarterly Report will be released on October 27, 2025. The company will host a teleconference to discuss the report, highlighting its ongoing commitment to transparency and communication with stakeholders. This announcement underscores Sandfire’s proactive approach in keeping investors informed about its operational progress and market strategies.
The most recent analyst rating on (AU:SFR) stock is a Sell with a A$14.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced the quotation of 1,636,175 fully paid ordinary securities on the Australian Securities Exchange (ASX). This development follows the exercise of options or conversion of other convertible securities, potentially impacting the company’s capital structure and market presence.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$13.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced that Australian Retirement Trust Pty Ltd has ceased to be a substantial holder in the company as of October 2, 2025. This change in substantial holding could impact the company’s shareholder structure and influence its market positioning, potentially affecting stakeholders’ interests and the company’s strategic decisions moving forward.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$13.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
Sandfire Resources Limited has announced its 2025 Annual General Meeting (AGM) will be held as a hybrid event, allowing shareholders to participate either in person or via a live webcast. The AGM is scheduled for October 31, 2025, at the Parmelia Hilton in Perth, Western Australia. This approach reflects Sandfire’s commitment to accessibility and shareholder engagement, ensuring stakeholders can participate in the governance process regardless of their location. The company has made meeting documents available online and provided detailed instructions for voting and participation, emphasizing its focus on transparency and modern communication methods.
The most recent analyst rating on (AU:SFR) stock is a Buy with a A$12.75 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.