Fund managers including L1 Capital, Monash Investors, Oracle Advisory Group, Yarra Capital Management, Glennon Small Companies, Infinity Asset Management, Pendal Group, Perennial Partners, Tectonic Investment Management, Ten Cap, Ausbil Investment Management, Vinva Investment Management, Seneca Financial Solutions, Quest Asset Partners, Ellerston Capital, Sage Capital and First Samuel have invested in Sandfire Resources Ltd (ASX:SFR).

Managers highlight production beats at both MATSA and Motheo, a swing to a net cash position and a reinstated dividend, with Pendal expecting free cash flow above US$700 million this year at spot prices, before any proceeds from a potential sale of the Black Butte project. Perennial and Sage Capital see Sandfire as a beneficiary of structural copper demand from AI infrastructure, electrification and the energy transition.

Seneca Financial Solutions argues Sandfire is no longer the high-grade, premium-jurisdiction miner it was during the DeGrussa era, yet is still priced as though it were, and prefers other copper exposures with better fundamentals. Earnings remain highly leveraged to the copper price.

Sandfire Resources Ltd. is an Australian-based mining company, headquartered in West Perth, specializing in the production and sale of copper, gold, and silver. Established on June 18, 2003, the company manages a portfolio of global assets across five key segments: DeGrussa Copper Operations, MATSA Copper Operations, Black Butte Project, Motheo Copper Project, and Exploration and Other. The DeGrussa segment encompasses the DeGrussa and Monty Copper-Gold mines located in Western Australia’s Bryah Basin.