Sandfire Resources (OTCMKTS:SFRRF) Trading 3.4% Higher – Still a Buy?

Shares of Sandfire Resources Limited (OTCMKTS:SFRRF) rose 3.4% during mid-day trading on Monday . The stock traded as high as $12.95 and last traded at $12.95. Approximately 14,000 shares traded hands during trading, an increase of 153% from the average daily volume of 5,537 shares. The stock had previously closed at $12.5250.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Sandfire Resources in a research note on Monday, February 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Sandfire Resources Stock Performance

The company’s 50-day moving average price is $12.41 and its two-hundred day moving average price is $12.15.

About Sandfire Resources

Sandfire Resources (OTCMKTS:SFRRF) is an Australian-based mining and exploration company focused on the discovery, development and production of high‐grade copper resources. The company’s core operations are anchored by the DeGrussa Copper‐Gold Mine in Western Australia, where open‐pit and underground mining techniques produce copper‐gold concentrate for regional smelters. In addition to DeGrussa, Sandfire Resources has advanced development projects and exploration assets in Botswana and North America, positioning itself as a diversified copper producer with a growing international footprint.

Sandfire’s principal business activities encompass project acquisition, feasibility studies, mine construction, and ongoing mine operations.