ASX:SFRMetals and Mining
Sandfire Resources (ASX:SFR) Shares Face A Tougher Case After Record Profits
Sandfire Resources stock closed at A$24.15 on Wednesday after a strong few months, with the share price up roughly 27% over 90 days. The market came into this result already pricing in good news. The headline today is simple. Sandfire just delivered record copper focused earnings with trailing net profit margin at 21.5% and underlying profit around US$350.8m.
The short term question is whether that profit strength is already in the price. The longer term question is whether a company on 23x...