Streetbeat News

SFRRF

Sandfire Resources Limited

http://www.sandfire.com.au/

CEO

Karl Simich

Open

6.30

Mkt cap

2.9B

Volume

200

High

6.30

P/E Ratio

-157.50

52-wk high

7.55

Low

6.30

Div yield

N/A

52-wk low

3.91

Artificial intelligence (AI) is driving a surge in global copper demand, impacting stocks like Nvidia Corp (NASDAQ:NVDA) and boosting the prospects of copper mining companies. Analyst Dominic O'Kane from JPMorgan highlights the growing need for copper in AI applications, particularly in datacenters, and identifies top copper stock picks: Anglo American PLC (OTCQX:AAUKF) (OTCQX:NGLOY), Teck-Resources Ltd. (NYSE:TECK), and Sandfire Resources Ltd (OTCPK: SFRRF). These companies are well-positioned to benefit from the increased demand for copper, driven by AI's expansion.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 2:48 pm

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