Sandfire's Positive Fiscal 2026 Dividend Surprise, In-Line Fiscal 2027 Guidance to be Taken Well by Markets, RBC Capital Markets Says

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Sandfire Resources' (ASX:SFR) large positive fiscal 2026 dividend surprise and broadly in-line fiscal 2027 guidance will be well-received by the market, RBC Capital Markets said in a Wednesday note.

It logged $0.756 in underlying earnings per basic share for fiscal 2026, compared with $0.243 a year ago. For the 12 months ended June 30, sales revenue was $1.65 billion versus $1.18 billion previously.

Its underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$867 million was 1% below consensus and below RBC's estimate of AU$873 million. Underlying net profit after tax came in at AU$350 million, in line with consensus.

Its final dividend of AU$0.35 per share was 174% above the consensus estimate of AU$0.13 per share.

The brokerage assigned Sandfire a sector perform rating and a price target of AU$20 per share.

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