SFR was the best-performing stock on the main board on Thursday, advancing +7.2% and making fresh 5-year highs in the process. Since BHP’s takeover of OZ Minerals (OZL) last May, SFR has been the go-to copper stock on the ASX. Its performance has been impressive, considering the underlying copper price is still over 20% below its 2022 peak. At MM, we are bullish on copper in the medium term; hence, we will need to see almost panic-style buying before we trim our exposure, but never say never!
- We can initially see SFR testing $9 in the coming weeks – MM holds SFR in our Active Growth and Emerging Companies Portfolios.
MM remains long and bullish towards SFR
Add To Hit List
