These were the best performing ASX 200 shares last week 5 December 2020

The S&P/ASX 200 Index (ASX: XJO) was on form again last week and continued its winning streak. The benchmark index rose 33 points or 0.5% higher to finish at 6,634.1 points.

While a good number of shares climbed higher with the market, some recorded stronger than average gains. Here’s why these were the best performing ASX 200 shares last week:

Sandfire Resources Ltd (ASX: SFR)

The Sandfire share price was the best performer on the ASX 200 last week with a 28.6% gain. Investors were buying the copper producer’s shares after the release of its strategy update. This update went down well with analysts at Morgan Stanley. They retained their overweight rating and $6.60 price target on its shares following its release. The broker…