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An update from Mineral Resources Limited ( (AU:MIN) ) is now available.
Mineral Resources Limited reported a strong first quarter for FY26, with Onslow Iron reaching its nameplate capacity of 35Mtpa and shipping 8.6Mt. The company maintained strong liquidity at $1.1 billion and reduced its net debt-to-EBITDA ratio. Additionally, the company saw a 31% increase in lithium prices and completed a significant acquisition of Resource Development Group Limited’s assets. The board was strengthened with the appointment of four new Independent Non-Executive Directors, and safety performance improved significantly with a 54% reduction in recordable injuries.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$43.20 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
Mineral Resources Limited is a company operating in the mining industry, focusing on iron ore and lithium production. It is involved in mining services and has a significant presence in the Australian market.
Average Trading Volume: 2,420,816
Technical Sentiment Signal: Buy
Current Market Cap: A$8.27B
Find detailed analytics on MIN stock on TipRanks’ Stock Analysis page.