Sandfire stock gets a Buy rating and AUD 25.00 target

Published on 10/07/2026 at 02:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

J.P. Morgan analyst Lyndon Fagan rated Sandfire Buy on October 2, 2026, while the 15 analyst consensus is Hold at AUD 22.317. FY26 revenue reached USD 1.66 billion, up 39 percent year over year.

Sandfire, AU000000SFR8, Illustration mit AI erstellt.

Sandfire stock (ISIN AU000000SFR8) was trading at AUD 22.61 on the ASX on October 7, 2026 at 10:42 a.m. AEDT, up 1.03 percent from AUD 22.38. The latest analyst action came from J.P. Morgan, whose analyst Lyndon Fagan assigned a Buy rating and an AUD 25.00 price target on October 2, 2026, according to Markets Insider.

J.P. Morgan sets AUD 25 target

The target is above the ASX quotation, but the gap is narrower than the headline rating suggests. Sandfire's valuation therefore depends on whether operating delivery can keep pace with the sharp earnings improvement already reported for fiscal year 2026.

Markets Insider also reported a Hold consensus with an average target of AUD 14.14, but the ASX-focused consensus published by Investing.com lists 15 analysts, including 5 Buy, 8 Hold and 2 Sell ratings, with an average target of AUD 22.317, a high of AUD 26.00 and a low of AUD 19.20.

FY26 profit changes the comparison

Sandfire reported fiscal year 2026 revenue of USD 1.66 billion, up 39 percent from fiscal year 2025, while net income increased 282 percent to USD 355.8 million, according to Investing.com. Diluted earnings per share rose to USD 0.76 from USD 0.20, making the profit expansion materially faster than the revenue increase.

The company also returned to dividend payments with an AUD 0.35 per share distribution for FY26, while the same results coverage described a net cash position of USD 353 million after debt repayment. Those figures give the rating debate two opposing anchors: stronger cash generation supports the Buy case, while the consensus target near the current quotation limits the valuation cushion.

Stock remains below yearly high

Sandfire's ASX price stood 9.56 percent below its 52-week high of AUD 25.00 and 56.91 percent above its 52-week low of AUD 14.41 on October 7, 2026. The session range was AUD 22.39 to AUD 22.63, with volume of 1,662,610 shares.

Sandfire stock was last at AUD 22.61 on the ASX on October 7, 2026 at 10:42 a.m. AEDT. Its market capitalization was AUD 10.6 billion on that date.