UBS Sticks to Their Hold Rating for Sandfire Resources Limited (SFRRF)

In a report released today, Levi Spry from UBS maintained a Hold rating on Sandfire Resources Limited (SFRRFResearch Report), with a price target of A$6.50. The company’s shares closed yesterday at $4.35.

According to TipRanks, Spry is a 5-star analyst with an average return of 16.5% and a 69.01% success rate. Spry covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals Limited, Regis Resources Limited, and Sandfire Resources Limited.

Currently, the analyst consensus on Sandfire Resources Limited is a Hold with an average price target of $3.84, which is a -11.72% downside from current levels. In a report released today, Citigroup also maintained a Hold rating on the stock with a A$6.40 price target.

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SFRRF market cap is currently $2.04B and has a P/E ratio of 16.06.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SFRRF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sandfire Resources Ltd. engages in the production and sale of copper, gold, and silver. It operates through the following segments: DeGrussa Mine, Exploration and Evaluation, and Other Activities. The DeGrussa Mine segment consists of the DeGrussa copper-gold mine located in Bryah Basub mineral province of Western Australia. The Exploration and Evaluation segment inclludes exploration and evaluation of the mineral tenements in Australia, and overseas. The Other Activities segment represents the group’s corporate office. The company was founded on June 18, 2003 and is headquartered in West Perth, Australia.

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