23/04/2024 08:59

Sandfire Resources (SFR) $9.05

Over the last couple of weeks, copper has “popped” over 10%, whereas SFR has struggled to break clear of $9, a level it tested almost three weeks ago. This is a classic case of stocks leading their underlying commodities, both up and down. We believe SFR needs copper to forge higher through 2024 to extend its strong run, but while there will be bumps in the road, our view is both will ultimately be trading higher through 2024; hence, we intend to stay long.

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05/04/2024 09:08

Sandfire Resources Ltd (SFR) $9.07

In our opinion, SFR is the best pure copper “play” on the ASX after BHP swallowed up OZ Minerals (OZL) mid-last year. The trend is up, as are the risks; hence, we aren’t keen to trim/lose our position at this stage of the cycle, even with the miner arguably fully priced with copper at its current level.

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27/03/2024 09:17

Sandfire Resources Ltd (SFR) $8.43

SFR was downgraded yesterday to sell by Citi, which saw the stock fall away -5%, although it's still up almost 15% year-to-date. We cannot argue with Citi’s logic on the surface, especially as we discussed trimming our exposure above $9, but there are a few moving parts in this equation. Their central thesis was around valuation, with SFR up 20% (before Tuesday's fall) while copper had only advanced 3%, but they also lifted their copper outlook, suggesting these performance jaws could close very quickly if/when copper pushes above technical resistance around $US4.00.

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19/03/2024 09:07

Sandfire Resources Ltd (SFR) $8.60

Copper producer SFR is a stock we’ve discussed a few times over recent weeks after the industrial metals bullish breakout on the upside. The stock has more than doubled from its 2022 swing low after becoming the ASX's go-to copper stock following BHP's takeover of OZ Minerals (OZL).

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15/03/2024 09:12

Sandfire Resources Ltd (SFR) $8.47

SFR was the best-performing stock on the main board on Thursday, advancing +7.2% and making fresh 5-year highs in the process. Since BHP's takeover of OZ Minerals (OZL) last May, SFR has been the go-to copper stock on the ASX. Its performance has been impressive, considering the underlying copper price is still over 20% below its 2022 peak.

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23/02/2024 16:48

Sandfire Resources (SFR) $7.30

SFR -4.2%: Todays 1H24 result was inline with expectations with no real surprises. SFR had provided revenue, operation EBITDA, net debt, key unaudited cash flow numbers, as well as reconfirming guidance as part of its December Quarterly results in January. No dividend was declared, nor expected.

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23/02/2024 09:50

Sandfire Resources Ltd (SFR) $7.62

SFR rallied +3.8% on Thursday, posting fresh 5-year highs ahead of today's report, a very bullish move considering the lacklustre performance over the last year by both copper and Chinese economic growth.

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15/02/2024 09:22

Sandfire Resources Ltd (SFR) $6.97

SFR has largely shrugged off a relatively weak copper price, a good sign for the bulls, with the strength helped by the ASX’s lack of alternatives for pure copper exposure since BHP acquired OZ Minerals (OZL). Like ourselves, the market in general clearly is reticent to reduce its exposure to the industrial metal – another attempt of the $US4.00 area could easily see SFR test our target area – the copper producer is due to report next Friday, the 23rd of February.

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06/02/2024 09:19

Sandfire Resources Ltd (SFR) $7.06

Copper miner SFR resides in both our Active Growth  and Emerging Companies Portfolio; we continue to believe copper is a commodity where the supply/demand picture looks good over the coming 3-4 years. However, we are considering taking some profit unless Xi Jinping can regain the market's confidence in both its economy and equity market.

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30/01/2024 16:45

Sandfire Resources (SFR) $7.12

SFR +3.79%:  The Copper producer held across both our Active Growth and Emerging Companies Portfolios had a good December quarter operationally, with group copper (equiv) production up +5% to 32.4kt while they retained group costs and capex guidance for FY24.

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