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JPMorgan Chase Ceases Substantial Holding in Mineral Resources Limited

Story Highlights
  • JPMorgan Chase & Co. ceased to be a substantial holder in Mineral Resources Limited.
  • The change was due to securities lending and proprietary trading by JPMorgan’s subsidiaries.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JPMorgan Chase Ceases Substantial Holding in Mineral Resources Limited

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Mineral Resources Limited ( (AU:MIN) ) just unveiled an announcement.

JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in Mineral Resources Limited, a company involved in the mining industry. The change in substantial holding was due to various transactions involving securities lending and proprietary trading by JPMorgan’s subsidiaries. This development may impact the company’s shareholder structure and could influence its market dynamics.

The most recent analyst rating on (AU:MIN) stock is a Hold with a A$61.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.

More about Mineral Resources Limited

Average Trading Volume: 3,282,212

Technical Sentiment Signal: Sell

Current Market Cap: A$4.24B

For a thorough assessment of MIN stock, go to TipRanks’ Stock Analysis page.

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