Sandfire Resources (OTCMKTS:SFRRF) Downgraded by JPMorgan Chase & Co.

Sandfire Resources (OTCMKTS:SFRRFGet Rating) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued on Friday, The Fly reports. They currently have a $3.60 price objective on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 19.90% from the stock’s current price.

Other analysts have also issued research reports about the company. Canaccord Genuity Group lowered Sandfire Resources from a “buy” rating to a “hold” rating and set a $4.50 target price on the stock. in a report on Monday, August 8th. The Goldman Sachs Group lowered Sandfire Resources from a “neutral” rating to a “sell” rating and set a $3.50 target price on the stock. in a report on Monday, October 10th.

Sandfire Resources Price Performance

Sandfire Resources stock opened at $3.00 on Friday. Sandfire Resources has a fifty-two week low of $2.17 and a fifty-two week high of $5.37. The stock’s fifty day moving average is $2.50 and its two-hundred day moving average is $3.02.

About Sandfire Resources

(Get Rating)

Sandfire Resources Limited, a mining company, engages in the exploration, evaluation, and development of mineral tenements and projects. It primarily explores for copper, gold, silver, lead, and zinc deposits. The company owns a 100% interest in the DeGrussa copper operations located in the Bryah Basin mineral province of Western Australia; a 100% interest in the Minas De Aguas Teñidas (MATSA) Copper operations that comprise three underground mines situated in the Huelva Province of south-western Spain; and an 87% interest in the Black Butte copper project located in central Montana, the United States.

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