Ord Minnett keeps AUD 24.80 target for Sandfire stock

Published on 10/20/2026 at 20:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue rose 39 percent to USD 1.66 billion. Sandfire stock costs EUR 12.53 on October 20, 2026, down 0.08 percent versus EUR 12.54.

Analyst target and reporting date

Ord Minnett maintained an AUD 24.80 target and Buy rating on October 14, 2026.
Fiscal 2026 revenue reached USD 1.66 billion, up 39 percent from fiscal 2025.
Sandfire stock costs EUR 12.53 at Lang & Schwarz on October 20, 2026 at 8:15 p.m. CEST, down 0.08 percent versus the German euro close.
Sandfire's annual general meeting is scheduled for October 30, 2026.

Sandfire, AU000000SFR8, Illustration mit AI erstellt.

Sandfire Resources (ISIN AU000000SFR8) is carrying an AUD 24.80 price target from Ord Minnett, which maintained its Buy rating in a report dated October 14, 2026, according to Markets Insider. The share price was EUR 12.53 at Lang & Schwarz on October 20, 2026 at 8:15 p.m. CEST, down 0.08 percent versus the German euro close of October 19, 2026 at EUR 12.54.

Fiscal 2026 delivered stronger earnings

Sandfire's fiscal 2026 revenue reached USD 1.66 billion, up 39 percent from USD 1.19 billion in fiscal 2025. Net income rose to USD 355.8 million from USD 93.3 million, while earnings per share increased to USD 0.76 from USD 0.20, according to Simply Wall St. The figures give the analyst target a clear earnings backdrop, although the target is stated in Australian dollars while the reported results are in US dollars.

How far is the stock from its yearly range?

On October 20, 2026, Sandfire last traded at AUD 20.32 on the ASX at 4:10 p.m. AEDT, down 1.31 percent from the prior session. Its AUD 14.41 to AUD 25.00 52-week range places the stock AUD 4.68 below its high and AUD 5.91 above its low. The company's market capitalization was AUD 9.6 billion on the same date.

Valuation meets two October dates

Sandfire carried a trailing price-to-earnings ratio of 18.72 on October 20, 2026, alongside a dividend yield of 0.02 percent. Its next earnings date is October 27, 2026, and its annual general meeting is scheduled for October 30, 2026, according to Simply Wall St.

Comparison with peers

Sandfire: down 1.31 percent on October 20, 2026, P/E 18.72, market capitalization AUD 9.6 billion. BHP Group (ASX, AUD): down 1.59 percent, P/E 21.59, market capitalization AUD 302.4 billion. Rio Tinto Group (ASX, AUD): down 0.43 percent, P/E 11.88, market capitalization AUD 222.0 billion.

Target and earnings remain the key markers

Ord Minnett's AUD 24.80 target stands AUD 4.48 above the ASX price of AUD 20.32 on October 20, 2026, while the next earnings date arrives three days before the annual meeting. For investors, the main comparison is between the sharp fiscal 2026 earnings improvement and a valuation that remains below the broker's target.

Sandfire Resources was trading at EUR 12.53 at Lang & Schwarz on October 20, 2026 at 8:15 p.m. CEST, down 0.08 percent versus the German euro close of October 19, 2026 at EUR 12.54.

The further course of trading is shown by the continuously updated real-time quote of Sandfire stock.