MINERAL RESOURCES LIMITED (MIN)
Share Price Analysis and Chart

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MIN

MIN - MINERAL RESOURCES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 5.22
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Mineral Resources is an Australian diversified mining services company. Its operations include construction, crushing and transport services. It has been a listed company since 2006. Key operations involve iron ore and lithium.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$22.05

19 Jun
2025

-0.540

OPEN

$22.83

-2.39%

HIGH

$23.10

2,215,385

LOW

$21.86

TARGET
$28.886 31.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . CIA . DRR . FEX . FMG . GEN . GRR . MGX .
FNARENA'S MARKET CONSENSUS FORECASTS
MIN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 64.0 - 89.3 xxx
DPS (cps) xxx 20.0 0.0 xxx
EPS Growth xxx - 49.8% N/A xxx
DPS Growth xxx - 89.5% N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 31.3% N/A xxx

Dividend yield today if purchased 3 years ago: 0.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.97

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/03 - ex-div 20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx64.0
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx5,278.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,823.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,449.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx3.56 %
Return on Invested Capital xxxxxxxxxxxxxxx1.64 %
Return on Assets xxxxxxxxxxxxxxx1.21 %
Return on Equity xxxxxxxxxxxxxxx3.56 %
Return on Total Capital xxxxxxxxxxxxxxx5.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2,613.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx255 M
Long Term Debt xxxxxxxxxxxxxxx5,081 M
Total Debt xxxxxxxxxxxxxxx5,336 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx908 M
Price To Book Value xxxxxxxxxxxxxxx2.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4,135.0 M
Capex % of Sales xxxxxxxxxxxxxxx78.34 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,308 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,575 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx249 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

30/05/2025

3

Downgrade to Neutral from Buy

$25.70

16.55%

UBS analysts moved back to an Underweight view on the lithium sector after lowering the forecast long-term spodumene price by -8% to US$1,200/t.

The broker cut lithium demand forecasts by -12%, with 2030 demand now forecast at 2.8Mt, as weak demand from EVs is expected to be insufficient to offset the outperformance of Battery Energy Storage Systems.

Rating for Mineral Resources downgraded to Neutral from Buy. Target cut to $25.70 from $26.10.

FORECAST
UBS forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -93.00 cents.
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 74.00 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

18/06/2025

5

Sell

$16.20

-26.53%

Jarden notes the disclosure by Mineral Resources' 50% JV partner at Mt Marion, Ganfeng, of a $150m injection to sustain daily operations and that Mineral Resources will put in the same amount.

The broker is surprised by the amount being a debt instead of equity. With spot SC6 prices of US$600-620/t, well below US$900-1,000/t required for breakeven at both Mt Marion and Wodgina, the broker estimates the company's share of cash burn in FY26 to be -$75-100m.

A temporary idling of Wodgina operations is a reasonable probability in the broker's view. No change to forecasts.

Sell. Target unchanged at $16.20.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -151.10 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -47.50 cents.
Access Extra Coverage Research History >

MIN STOCK CHART

FNArena News on MIN

Latest Iron Ore News

1
Iron Ore Miners: Buy The Dips

Apr 29 2022 - Technicals
2
Iron Ore Miners: Broker Views

Dec 07 2021 - Australia
3
Fortescue Metals Fields The Green Narrative

Aug 31 2021 - Australia
4
All Over For Iron Ore?

Aug 12 2021 - Commodities
5
Fortescue: Break Out

Jul 13 2021 - Technicals
6
Iron Ore: Remain Bullish

Jun 17 2021 - Technicals
7
Iron Bridge Costs Up But Fortescue Is Forgiven

May 31 2021 - Australia
8
Iron Ore: Remain Bullish

May 12 2021 - Technicals
9
China In Africa: Implications For Australia

Apr 23 2021 - International
10
Fortescue: Recovery Underway?

Mar 30 2021 - Technicals