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: 0.47
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Sandfire Resources is an Australian mining and exploration company. Its main asset is the DeGrussa copper/gold mine in Western Australia. The company was formed and listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$19.84

03 Feb
2026

0.770

OPEN

$19.41

4.04%

HIGH

$20.02

2,247,981

LOW

$19.20

TARGET
$17.60 -11.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
29M . A1M . AR1 . CNB . CSC . CVV . CY5 . CYM . FFM . HGO . LEG . MLX . MM8 . NEM . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
SFR: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 101.5 xxx
DPS (cps) 16.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 19.8 xxx
Dividend Yield 0.8% xxx
Div Pay Ratio(%) 16.7% 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: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx31.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,830.3 M
Book Value Per Share xxxxxxxxxxxxxxx594.0
Net Operating Cash Flow xxxxxxxxxxxxxxx746.3 M
Net Profit Margin xxxxxxxxxxxxxxx7.87 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx5.51 %
Return on Invested Capital xxxxxxxxxxxxxxx4.52 %
Return on Assets xxxxxxxxxxxxxxx3.16 %
Return on Equity xxxxxxxxxxxxxxx5.51 %
Return on Total Capital xxxxxxxxxxxxxxx10.39 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx434.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx23 M
Long Term Debt xxxxxxxxxxxxxxx363 M
Total Debt xxxxxxxxxxxxxxx386 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx169 M
Price To Book Value xxxxxxxxxxxxxxx1.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx311.5 M
Capex % of Sales xxxxxxxxxxxxxxx17.02 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,469 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx24 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

23/01/2026

5

Sell

$17.75

-10.53%

Sandfire Resources’ 2Q26 update was slightly weaker than anticipated, UBS notes, arising from problems and maintenance brought forward at Motheo’s SAG mill.

Management retained FY26 guidance of 102-114kt of copper with a 1H:2H split at 46:54, with net cash of $13m for the first time in 2Q.

The broker raises EPS forecasts by 20% for FY26 and 10% for FY27 and believes Black Butte may be “offloaded”, with material returns flagged for August. This includes a franking balance of $262m, share buybacks and discretionary investment as part of the capital framework.

No change to Sell rating, awaiting a pullback in the share price. Target rises to $17.75 from $16.85 previously on a more upbeat production outlook.

FORECAST
UBS forecasts a full year FY26 dividend of 18.00 cents and EPS of 93.86 cents.
UBS forecasts a full year FY27 dividend of 30.00 cents and EPS of 126.17 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$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

3

xxxx

$xx.xx

xx.xx%

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Jarden

22/01/2026

4

Underweight

$14.70

-25.91%

Jarden notes unaudited 1H FY26 underlying earnings (EBITDA of around US$304m, marginally ahead of forecast, with the group moving to a net cash position of US$13m.

Sandfire Resources' management reiterated a preference to build cash rather than resume dividends, given expected near-term funding commitments tied to the proposed Kalkaroo acquisition, which remains a key catalyst pending a shareholder vote in February.

While quarterly revenue and EBITDA modestly beat the analyst's estimates, both missed consensus, with weaker production at Matsa and Motheo partly offset by stronger cost control, according to the broker.

Earnings forecasts were little changed, with FY26 EBITDA lifted by around 1%. Jarden continues to see the stock trading at a material premium to valuation.

No change to Underweight rating and Target at $14.70.

FORECAST
Jarden forecasts a full year FY26 dividend of 15.39 cents and EPS of 103.86 cents.
Jarden forecasts a full year FY27 dividend of 61.55 cents and EPS of 150.95 cents.
Access Extra Coverage Research History >

SFR STOCK CHART

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