Sandfire Resources Downgraded to Neutral by Macquarie; Net Debt Declines 27%
ByAinvest
Tuesday, Apr 29, 2025 12:57 pm ET1min read
GFR--
SAND--
Macquarie downgraded Sandfire Resources to Neutral from Outperform, setting a target price of A$10.90. The firm reduced its earnings per share estimate for FY25 by 4% due to the stock's strong performance. Sandfire reported a 16% increase in group copper equivalent production, an 87% increase in underlying EBITDA, and a 27% decline in net debt. However, heavy rainfall poses emerging risks at MATSA and Motheo operations, and the company did not declare an interim dividend for the first half of FY25.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet