** Jefferies states Sandfire Resources' SFR.AX visit to the MATSA site in Spain strengthens their confidence in the asset's quality and long-term potential

** Brokerage hikes price target to A$11.50 from A$10.75, maintains a "Hold" rating

** Brokerage says infrastructure and mine hold promise for production growth, but warns against expectations of "easy" short-term gains

** Sandfire stock up 18.8%, YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))