Sandfire traded at 19.18 this Monday October 26th, increasing 0.73 or 3.96 percent since the previous trading session. Looking back, over the last four weeks, Sandfire gained 12.22 percent. Over the last 12 months, its price rose by 19.65 percent. Looking ahead, we forecast Sandfire to be priced at 18.08 by the end of this quarter and at 17.00 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sandfire Resources Limited is engaged in exploration, evaluation and development of mineral tenements and projects in Australia, Botswana and elsewhere overseas, including investment in early-stage mineral exploration companies. The Company conducts DeGrussa Operations that is located within its Greater Doolgunna Project in Western Australia’s Bryah Basin mineral province, approximately 900 kilometer(km) north-east of Perth. Its Doolgunna exploration projects covers an aggregate contiguous exploration area of approximately 7,189 Square kilometers(km2). It is focused on exploration within the Temora Project and at the Endeavor Joint Venture in the Cobar district of New South Wales. It holds prospective licenses in the Kalahari Copper Belt of Botswana and Namibia, including theT3 Copper-Silver Project. The Company through its subsidiary Sandfire Resources America Inc. holds Black Butte Copper Project, located in central Montana in the United States.