17/12/2024 09:38

Sandfire Resources Ltd (SFR) $9.63

Copper (Cu) producer SFR fell by 3.3% on Monday to its lowest level in 14 weeks after being downgraded by Morgan Stanley to underweight (sell equivalent) with a $9 PT, the most bearish on the street and a big deviation from Barrenjoey, who rates it a buy-equivalent and $12 PT

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03/12/2024 09:46

Sandfire Resources Ltd (SFR) $10.49

The ASX’s leading pure copper (Cu) play continues to outperform the industrial metal: SFR is up +43% year-to-date while Cu is up less than 5% after falling away over recent months on global demand fears. As the saying goes.

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15/11/2024 09:57

Sandfire Resources (SFR) $9.95

Copper (Cu) miner SFR is heavily exposed to a potential global economic slowdown from a Trump-induced Trade War. We remain keen on the Cu outlook in the medium term, but a dip back toward $8 is not out of the question.

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15/11/2024 09:55

South32 (S32) $3.49

In S32’s September quarter, aluminium and copper numbers were better than expected, but alumina missed. Importantly, FY25 guidance was unchanged.

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08/11/2024 09:13

Sandfire Resources (SFR) $10.56

SFR has performed admirably over recent months, considering copper's significant pullback from its late September high. It helps to be the ASX’s major Cu play. A number of brokers have downgraded SFR on valuation grounds over recent months, but as we’ve witnessed with Commonwealth Bank (CBA), if there's no viable alternative, selling can only take the stock so far.

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30/10/2024 09:45

Active Growth Portfolio – Amendments

We are making several changes to the Active Growth Portfolio today

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17/10/2024 09:36

Sandfire Resources (SFR) v Copper ($US)

We have been bullish on the copper (Cu) theme throughout 2024 with SFR up +47% year-to-date. This was Shawns No 1 pick at the start of the year, so he’s keen to lock some in!  The stock has made fresh all-time highs in recent sessions, aided by the tailwind from China's stimulus, but the highly correlated industrial metal has languished over 10% below its 2024 high, making it hard to imagine significantly more upside until Cu follows suit.

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15/10/2024 09:24

Sandfire Resources Ltd (SFR) $11.14

SFR posted fresh all-time highs yesterday, ignoring a soft copper price, which is trading ~15% below its May high. As we often say, MM likes stocks that can advance in the face of relative adversity

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24/09/2024 09:24

Sandfire Resources Ltd (SFR) $9.23

SFR remains our preferred local major Cu exposure for an economic recovery in China and medium-term structural global electrification. Any follow-through on the hopes of a Chinese recovery is likely to drive SFR to fresh new highs. We may trim our large position into such a move but have no plans to grab easy money into current strength above $9 as the miner tests 3-month highs.

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12/09/2024 09:09

Sandfire Resources Ltd (SFR) $8.50

SFR’s performance has been relatively impressive this year. Even after correcting ~20% on global economic jitters, it's up +12.8% year-to-date, while most ASX miners have fallen significantly through 2024. Many fund managers agree with MM that you cannot afford to be underweight Cu when the global economy and EV demand improve, as they eventually will because the industrial metal will be in short supply.

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