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.
Comments