Analysts Upgrade Sandfire Resources Ratings After Share Price Slide
Several brokers have raised their ratings on Sandfire Resources after the shares fell roughly 20% since late August, Market Talk reports.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Market Talk, several analysts have upgraded their ratings on Australian miner Sandfire Resources at the same time. The trigger was a drop in the share price: since late August the stock has lost about 20% amid broader market weakness. UBS moved its rating to buy from neutral and raised its price target to A$23.35 from A$23.30.
Morgans also upgraded the stock to buy from hold and kept its A$23.00 per share target. It noted that the company's first-quarter result was softer than expected but overall in line with guidance. Jefferies and Jarden also upgraded their ratings. At the time of reporting, the shares were up 4.7% at A$20.55.
why it matters
The news concerns a single company, so its effect on the broader market is limited. Still, it shows analysts treating the share price decline as a reason to revisit their valuations and seeing weakness in the copper sector as an opening, which may matter to investors following copper producers.
tags
instruments
sources
- Brokers Turns More Bullish on Sandfire Resources — Market Talk, 28 October 2026 at 00:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗