2208 GMT - Sandfire Resources's agreement with Australian small-cap Havilah Resources to advance the Kalkaroo copper-gold project impresses Ord Minnett. "This adds to the recent M&A surge in the copper space which we deem positive for the longer-term commodity price," analyst Paul Kaner says. The deal with Havilah provides Sandfire with option value that Ord Minnett estimates at A$307 million. That compares to a "modest" initial payment of A$105 million, the bank says. As a result, Ord Minnett raises its price target on Sandfire by 4.8% to A$17.30/share. Sandfire ended Tuesday at A$15.70. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 18, 2025 17:08 ET (22:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.