** Jefferies maintains its 'hold' rating on shares of Sandfire Resources SFR.AX, price target $(PT)$ at A$12.00
** Brokerage says despite volatility and uncertainty seen in the mining industry, the copper miner has delivered 'operational consistency and incremental growth outlooks'
** Adds that recent Q4FY25 production continues this trend; co posts 12% increase in Group Copper Equivalent (CuEq) production to 152.4kt in FY25
** But Jefferies highlights negative impacts from wet weather at co's Motheo project, notes premium valuation of shares
** SFR, however, remains brokerage's preferred ASX copper exposure
** 6 of 13 analysts rate 'buy' or higher on shares; 6 'hold', and 1 'sell', median PT is A$11.88, per LSEG-compiled data
** YTD, SFR up 20.3%, last closed at A$11.16
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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