
Citi Remains a Hold on Sandfire Resources Limited (SFRRF)
Citi analyst Paul McTaggart maintained a Hold rating on Sandfire Resources Limited (SFRRF – Research Report) yesterday and set a price target of A$11.50. The company's shares closed last Friday at $7.40.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, McTaggart is a 5-star analyst with an average return of 9.1% and a 54.86% success rate. McTaggart covers the Basic Materials sector, focusing on stocks such as South32, Champion Iron, and Fortescue Metals Group Ltd.
Sandfire Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $7.09.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Insider
35 minutes ago
- Business Insider
Fed Holds Rates as Inflation Eases – July Cut Seems Possible
May's inflation numbers came in soft, and the Federal Reserve is staying patient. The latest data showed core PCE inflation rose just 0.1% for the third month in a row, marking the calmest stretch since the pandemic. That gives the Fed more breathing room, though rate cuts are not guaranteed just yet. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The Fed's preferred inflation gauge excludes food and energy and is now showing steady disinflation. On the surface, that supports the case for easing policy. But officials, including Chair Jerome Powell, want to see more evidence before making any move. Powell is scheduled to speak to Congress this week, where he's expected to stick with the 'wait and see' message. No Cuts Are Expected Before July 30 At its June meeting, the central bank kept the benchmark rate unchanged. It also projected two rate cuts by the end of 2025. However, the timeline remains flexible, especially with tariff policies and geopolitical risks in the mix. Fed Governor Christopher Waller said last Friday that inflation from tariffs will likely be temporary and that there's room for cuts as soon as July. The next rate decision is on July 30. The market is starting to price that in. The yield on the 10-year Treasury is holding near 4.2%, while the CME FedWatch Tool shows rising odds of a cut next month. That could be good news for rate-sensitive sectors, including real estate, tech, and consumer discretionary. Investors who want to keep up with all of the latest economic data can do so with the TipRanks Economic Indicators Dashboard. What it means for investors For investors, the focus now shifts to consumer spending, income trends, and the broader impact of tariffs. Household spending remained modest in May. Inflation-adjusted disposable income rose 0.6% over the last three months, the best run in over two years. However, consumer sentiment has declined, partly due to uncertainty surrounding trade policy. Oil prices may also add pressure in the weeks ahead. After U.S. airstrikes in Iran, Brent crude is expected to climb. If the Strait of Hormuz is disrupted, oil could spike toward over $100 per barrel, potentially pushing inflation back up. The bottom line is that Inflation looks tame, and the Fed is holding steady. But the path to cuts remains data-dependent. July could bring the first move, but that hinges on how inflation, tariffs, and spending evolve in the coming weeks. Stay tuned.


Business Insider
2 hours ago
- Business Insider
Iran Strike Shakes Markets: Where Smart Investors Are Moving Their Portfolios Now
Investors are preparing for market turbulence after the U.S. launched a military strike on Iranian nuclear sites. The move, announced by former President Donald Trump on Truth Social and described as a 'spectacular military success,' adds new uncertainty to an already fragile global outlook. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Oil prices are expected to spike when markets reopen. Brent crude is already up 18% since June 10, closing at $77.37 per barrel on Friday. Analysts at Oxford Economics warn that if Iranian oil production is disrupted or the Strait of Hormuz is closed, crude could surge to $130 per barrel. That would push U.S. inflation toward 6% by year-end, sharply reducing the chances of Federal Reserve rate cuts in 2025. Which Stocks Are Set to Benefit Higher oil costs may boost energy stocks like ExxonMobil (XOM), Chevron (CVX), and Schlumberger (SLB), but could weigh on consumer-facing sectors. Airlines such as Delta Airlines (DAL) and United Airlines (UAL) may feel margin pressure, while retailers like Target (TGT) and Walmart (WMT) could see demand soften as fuel prices cut into household budgets. Safe-haven demand is likely to lift the U.S. dollar and Gold (XAUUSD). The dollar has been under pressure for most of the year, but geopolitical tension tends to drive inflows into U.S. assets. Treasury yields may fall if investors rush into bonds, while gold prices could benefit from risk aversion. Equities typically decline following major military escalations but often rebound in the months that follow. According to Wedbush Securities, the S&P 500 (SPY) has averaged a 2.3% gain two months after the start of previous Middle East conflicts, despite initial losses. Defense contractors may be another area of interest. Traditional defense stocks, such as Lockheed Martin (LMT) and RTX Corporation (RTX), could attract attention if military engagement continues or expands, but Palantir (PLTR) might also see further contracts being struck. No One Likes Uncertainty The bigger question is how long the uncertainty lasts. A quick resolution could limit damage to markets and ease pressure on inflation. But a prolonged standoff or disruption to oil flows would complicate the Fed's path and keep volatility elevated. For now, investors should closely monitor key indicators, including oil prices, bond yields, gold, and the U.S. dollar. These will signal whether risk sentiment is stabilizing or deteriorating. Diversification into energy and defense may provide a cushion, while keeping some exposure to gold and cash-like assets could help manage volatility. Market reactions to geopolitical shocks often evolve quickly. The key is staying informed and being ready to adjust. We used TipRanks' Co mparis on Tool to bring together all the energy, defense, and retail stocks mentioned above, giving you a broader view of each company and how it stacks up within its industry.


Business Insider
3 hours ago
- Business Insider
Most Anticipated Earnings this Week – Week of June 23, 2025
The week ahead holds earnings releases for several market-moving companies, including names such as Micron and Nike, which are of particular interest to many investors. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Here is a list of this week's most anticipated earnings. Click on any ticker to further research the stock and determine whether it's a Buy, ahead of its earnings report. Monday, June 23 – (KBH) Wednesday, June 25 – (GIS), (PAYX), (MU) Thursday, June 26 – (WBA), (NKE)