A sputtering target for fabricating a recording layer of a phase-change type optical recording medium contains a compound or mixture including as constituent elements Ag, In, Te and Sb with the respective atomic percent (atom.%) of α, β, γ and δ thereof being in the relationship of 2 ≤ α ≤ 30, 3 ≤ β ≤ 30, 10 ≤ γ ≤ 50, 15 ≤ δ ≤ 83 and α + β + γ + δ = 100 , and a method of producing the above sputtering target is provided. A method of fabricating a phase-change type optical recording medium is also provided.