Sandfire Resources Limited (SFR) AI Stock Analysis

• Market Cap: $5.06B
• Dividend Yield: N/A
• Average Volume (3M): 1.67M
• Price to Earnings (P/E): 37.7
• Beta (1Y): 1.78
• Revenue Growth: 42.05%
• EPS Growth: N/A
• Country: AU
• Employees: 1,236
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Copper
• EPS (TTM): 0.16
• Shares Outstanding: 459,071,870
• 10 Day Avg. Volume: 1,975,751
• 30 Day Avg. Volume: 1,671,864
• PEG Ratio: -1.69
• Price to Book (P/B): 1.96
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 36.46
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 1.01
• Enterprise Value/Gross Profit: 12.76
• Enterprise Value/Ebitda: 2.78
• 1Y Price Target: $11.13
• Price Target Upside: 1.66% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 12

• Rating: 57 Neutral
• Price Target: AU$11.50 ▲(5.02%Upside)

Sandfire Resources scores moderately due to mixed financial performance and high valuation concerns. The strongest factor is the positive outlook from the earnings call, highlighting improved safety and production metrics. Technical indicators and valuation suggest caution, as the stock may be overvalued.

Sandfire Resources Limited Business Overview & Revenue Model

Company Description

Sandfire Resources Limited, a mining company, engages in the exploration, evaluation, and development of mineral tenements and projects. It primarily explores for copper, gold, silver, lead, and zinc deposits. The company owns a 100% interest in the DeGrussa copper operations located in the Bryah Basin mineral province of Western Australia; a 100% interest in the Minas De Aguas Teñidas (MATSA) Copper operations that comprise three underground mines situated in the Huelva Province of south-western Spain; and an 87% interest in the Black Butte copper project located in central Montana, the United States. It also holds interests in the Motheo copper project situated in the Kalahari Copper Belt in Botswana. Sandfire Resources Limited was incorporated in 2003 and is based in West Perth, Australia.

How the Company Makes Money

Sandfire Resources Limited generates revenue primarily through the extraction, production, and sale of copper and gold from its mining operations. The company sells its products to global markets, where the demand for these base metals is driven by various industries, including construction, electronics, and renewable energy. Key revenue streams include the sale of copper concentrate produced at the DeGrussa Copper-Gold Mine. Additionally, Sandfire Resources engages in exploration activities to identify new mineral deposits, which can lead to future revenue generation through expanded mining operations. Strategic partnerships and joint ventures with other mining companies and stakeholders can also play a role in the company's revenue, as they help to share risks and capitalize on new opportunities for resource development.

Sandfire Resources Limited Financial Statement Overview

Summary

Sandfire Resources Limited shows mixed financial performance. Positive factors include a solid equity base and manageable debt levels, but there are notable challenges such as declining revenue, negative net income, and inconsistent cash flow trends. Stabilizing revenue growth and improving net income are critical for enhancing financial stability.

Income Statement

Sandfire Resources Limited has faced significant volatility in its income statement metrics. The latest year shows a decline in revenue and a negative net income, resulting in a negative net profit margin. Although the company has maintained a positive gross profit margin, its EBIT and EBITDA margins have decreased, highlighting challenges in operational efficiency.

Balance Sheet

The balance sheet of Sandfire Resources indicates a moderate financial position with a debt-to-equity ratio that reflects a manageable level of debt. The equity ratio is strong, suggesting a stable asset base relative to equity. However, declining stockholders' equity over the years raises concerns about long-term sustainability.

Cash Flow

Sandfire Resources' cash flow statement reveals fluctuating free cash flow trends. Despite generating positive operating cash flow, the company has struggled with maintaining consistent free cash flow growth. The free cash flow to net income ratio is affected by negative net income in the recent year, which is a concern for financial health.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	921.57M	1.16B	1.42B	771.83M	645.46M
Gross Profit	917.78M	-40.98M	435.96M	236.40M	133.48M
EBITDA	358.32M	397.19M	628.87M	338.73M	314.52M
Net Income	-17.35M	-76.68M	153.66M	172.39M	74.05M
Balance Sheet
Total Assets	3.00B	4.75B	4.93B	1.19B	913.93M
Cash, Cash Equivalents and Short-Term Investments	183.34M	213.23M	673.44M	574.51M	291.14M
Total Debt	582.58M	896.25M	1.18B	12.77M	12.49M
Total Liabilities	1.33B	2.14B	2.51B	278.73M	163.71M
Stockholders Equity	1.67B	2.61B	2.42B	907.83M	749.02M
Cash Flow
Free Cash Flow	66.18M	-372.25M	252.22M	346.39M	158.41M
Operating Cash Flow	292.01M	113.86M	536.68M	465.23M	272.61M
Investing Cash Flow	-219.73M	-442.24M	-2.25B	-131.10M	-178.79M
Financing Cash Flow	-86.42M	-125.41M	1.78B	-56.95M	-50.18M

Sandfire Resources Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 10.95
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SFR, the sentiment is Neutral. The current price of 10.95 is below the 20-day moving average (MA) of 11.15, below the 50-day MA of 11.19, and above the 200-day MA of 10.48, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 44.73 is Neutral, neither overbought nor oversold. The STOCH value of 47.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SFR.

Sandfire Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$10.14B	9.96	0.09%	2.90%	2.26%	-33.42%
SFR	57 Neutral	$5.06B	37.71	5.11%	―	42.05%	―
HHLKF	―	$65.51M	―	-4.78%	―	―	―
HGO	41 Neutral	AU$96.60M	―	-49.83%	―	―	-35.29%
STC	―	€50.00M	―	-52.97%	―	―	―
WA1	46 Neutral	AU$1.22B	―	-4.24%	―	―	-40.25%
AR1	39 Underperform	AU$84.35M	―		―	-25.56%	-339.66%

Sandfire Resources Limited Corporate Events

Sandfire Resources Confirms High-Grade Copper Extension at Black Butte Project

Sandfire Resources Limited has announced successful exploration drilling results at its Black Butte Copper Project in Montana, USA, confirming the extension of high-grade mineralization in the Johnny Lee Lower Copper Zone. The completed 2024-2025 drilling program, which included 41 drill holes, aims to upgrade and expand the current resource estimates. The results will support a revised Mineral Resource and Ore Reserve estimate expected by December 2025, aiding Sandfire in defining its optimal strategy for the project’s development.

The most recent analyst rating on (AU:SFR) stock is a Sell with a A$9.25 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.

Sandfire Resources to Release June 2025 Quarterly Results

Sandfire Resources Limited has announced that its June 2025 Quarterly Results will be released on July 29, 2025. A teleconference and live webcast will also be held on the same day to discuss the results, indicating the company’s commitment to transparency and stakeholder engagement. This announcement is expected to provide insights into the company’s operational performance and future outlook, which could impact its industry positioning and investor relations.

The most recent analyst rating on (AU:SFR) stock is a Buy with a A$11.20 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.

Sandfire Resources Announces Cessation of Performance Rights

Sandfire Resources Limited announced the cessation of 160,709 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This development may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments and strategic focus.

The most recent analyst rating on (AU:SFR) stock is a Buy with a A$11.20 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.

Sandfire Resources Issues Performance Rights to Employees

Sandfire Resources Limited has announced the issuance of 21,070 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to motivate and retain key personnel, potentially impacting its operational efficiency and market competitiveness.

The most recent analyst rating on (AU:SFR) stock is a Buy with a A$11.20 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.

Principal Global Investors Ceases Substantial Holding in Sandfire Resources

Sandfire Resources Limited has announced that Principal Global Investors, LLC has ceased to be a substantial holder of its shares. This change in substantial holding involves a series of transactions where Principal Global Investors, LLC bought and sold significant amounts of ordinary shares in Sandfire Resources Limited, ultimately reducing their voting power in the company. The impact of these changes may affect 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 Buy with a A$11.20 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.

Sandfire Resources Showcases MATSA Operation to Financial Community

Sandfire Resources Ltd is hosting a financial community site visit at its MATSA Operation in Spain, highlighting its modern processing facility and commitment to sustainability. The company reports increased production and safety improvements, with plans to extend the mine’s life and continue operations beyond 2040, supported by renewable energy and new mineral discoveries.

The most recent analyst rating on (AU:SFR) stock is a Buy with a A$10.80 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.

Sandfire Resources Unveils Promising Drilling Results at MATSA

Sandfire Resources Ltd has announced promising assay results from its ongoing drilling program at the MATSA mining complex, confirming new mineralised extensions at the Magdalena and Aguas Teñidas sites. These findings are expected to significantly shape future exploration plans and support the company’s strategic objective of increasing ore reserves and extending mine life, thereby enhancing its industry positioning and potential returns for stakeholders.

The most recent analyst rating on (AU:SFR) stock is a Buy with a A$10.80 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.

Sandfire Resources Sells Old Highway Gold Project to Catalyst Metals

Sandfire Resources Limited has entered into a binding Sale and Purchase Agreement with Catalyst Metals Limited for the sale of the Old Highway Gold Project, located near Sandfire’s DeGrussa Copper-Gold Mine in Western Australia, for A$32.5 million. The transaction is expected to aid Sandfire in covering rehabilitation costs at DeGrussa and create opportunities for local stakeholders, while increasing the likelihood of the project’s future development, benefiting stakeholders including traditional owners and the local community.

Sandfire Resources Updates on Director’s Shareholdings

Sandfire Resources Limited has announced a change in the director’s interest, specifically concerning Brendan Harris. Mr. Harris acquired 366,667 ordinary shares due to the vesting of Tranche 2 of Sign on Rights and disposed of 172,333 shares to cover tax liabilities. This change reflects the company’s ongoing management of executive compensation and equity interests, potentially impacting shareholder perceptions and market dynamics.

Change in Substantial Holder Interests for Sandfire Resources

Sandfire Resources Limited has announced a change in the interests of a substantial holder, State Street Bank and Trust Company, which has lent securities and retains a relevant interest under a securities lending agreement. This change in voting power and relevant interests could impact the company’s governance and decision-making processes, potentially affecting its stakeholders and market positioning.

Sandfire Resources Reports Strong Q3 Despite Weather Challenges

Sandfire Resources Limited reported a decrease in its Total Recordable Injury Frequency and maintained robust production results despite extreme weather challenges in Spain and Botswana. The company achieved significant copper equivalent production and managed cost inflation due to exchange rate fluctuations. Sandfire also simplified its funding arrangements by establishing a new $650M Corporate Revolver Facility, reducing net debt significantly. The company remains on track to meet its annual production guidance and plans to increase copper equivalent production at Motheo in FY26, supported by strong commodity pricing and strategic drilling activities.