SANDFIRE RESOURCES NL (SFR) was upgraded to Neutral from Sell by Citi. B/H/S: 0/4/3. Citi notes the FY18 performance missed market consensus by some 5%, even though it marked a big improvement on FY17. The broker has upgraded to Neutral from Sell inspired by “valuation”. Price target gains 10c to $7.70. Equally noteworthy, the analysts retain the High Risk rating due to the short mine life at DeGrussa plus the need remains for cash to be reinvested in a new project.
Ann: Sandfire Announce 2018 Annual Results, page-13
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Last
$10.20 |
Change
-0.010(0.10%) |
Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.31 | $10.42 | $10.18 | $7.653M | 748.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 3086 | $10.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.21 | 1388 | 16 |
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| Last trade - 15.00pm 22/11/2024 (20 minute delay) ? |
| SFR (ASX) Chart |
