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Mineral Resources Limited
(Sydney:MIN)
Mineral Resources Limited (MIN) vs. iShares MSCI Australia ETF (EWA)
Mineral Resources Limited Business Overview & Revenue Model
Mineral Resources Limited Earnings Call Summary
Mineral Resources Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.28B | 4.78B | 3.42B | 3.73B | 2.12B |
| Gross Profit | 3.88B | 2.75B | 1.89B | 2.37B | 1.17B |
| EBITDA | 995.00M | 1.05B | 962.90M | 2.15B | 1.73B |
| Net Income | 125.00M | 243.30M | 349.20M | 1.27B | 1.00B |
Balance Sheet | |||||
| Total Assets | 12.23B | 8.40B | 7.60B | 5.72B | 4.63B |
| Cash, Cash Equivalents and Short-Term Investments | 908.00M | 1.38B | 2.43B | 1.54B | 1.52B |
| Total Debt | 5.34B | 3.23B | 3.13B | 1.26B | 1.29B |
| Total Liabilities | 8.65B | 4.87B | 4.33B | 2.48B | 2.34B |
| Stockholders Equity | 3.54B | 3.48B | 3.23B | 3.20B | 2.26B |
Cash Flow | |||||
| Free Cash Flow | -2.31B | -467.20M | -720.10M | 549.70M | 203.70M |
| Operating Cash Flow | 1.45B | 1.35B | 279.80M | 1.31B | 594.60M |
| Investing Cash Flow | -3.87B | -1.90B | -654.30M | -816.00M | 844.10M |
| Financing Cash Flow | 1.97B | -516.40M | 1.23B | -435.50M | -160.00M |
Mineral Resources Limited Technical Analysis
Mineral Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $10.15B | 9.72 | 0.09% | 2.91% | 2.26% | -33.42% | |
62 Neutral | $5.38B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
| ― | $3.29B | 22.94 | -1.04% | ― | ― | ― | |
| ― | $1.30B | 9.13 | 10.39% | 1.54% | ― | ― | |
| ― | $2.36B | 1,408.33 | -36.53% | 11.13% | ― | ― | |
75 Outperform | AU$2.17B | 15.51 | 152.73% | 4.38% | -10.00% | -16.51% | |
57 Neutral | AU$3.26B | 17.84 | -7.32% | 4.00% | -6.64% | -209.78% |
Mineral Resources Limited Corporate Events
Mineral Resources Limited has become a substantial holder in Ballard Mining Limited, acquiring a 51.6% voting power through various entities within its corporate structure. This strategic acquisition, involving significant financial transactions, positions MinRes to exert considerable influence over Ballard’s operations, potentially impacting stakeholders and market dynamics within the mining industry.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$60.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has announced the release of Appendix 3X notifications for directors Ross Carroll and Lawrie Tremaine. This announcement, authorized by the company’s CFO and Company Secretary, Mark Wilson, is a procedural update regarding the directors’ interests, which is crucial for maintaining transparency and compliance with ASX regulations.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$60.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has released a Chair Update presentation to be used by Non-Executive Chair Malcolm Bundey in meetings with proxy advisers and investors. This update is part of the company’s ongoing efforts to engage with stakeholders and provide insights into its strategic direction and operations.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$60.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has appointed Lawrie Tremaine and Ross Carroll as Independent Non-Executive Directors, reflecting a strategic move to enhance governance and financial oversight. These appointments are part of the company’s board renewal process, aiming to strengthen corporate governance and focus on the balance sheet, ultimately positioning MinRes for long-term value creation and increased shareholder confidence.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$60.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has announced an allotment of shares to its Non-Executive Directors as part of their Director Fees for the quarter ended 30 June 2025. This move reflects the company’s strategy to align its leadership’s interests with shareholder value, potentially impacting its governance and stakeholder relations positively.
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.
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.
JPMorgan Chase & Co. and its affiliates have become a substantial holder in Mineral Resources Limited, acquiring a 5.04% voting power in the company as of June 30, 2025. This acquisition signifies a notable investment by a major financial institution, potentially impacting Mineral Resources Limited’s market positioning and stakeholder interests.
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.
Mineral Resources Limited has released notifications regarding changes in the interests of its director, James McClements, as per Appendix 3Y and 3Z. The announcement details McClements’ acquisition of 2,271 ordinary shares, bringing his total to 33,347 shares, reflecting a director fee entitlement valued at $47,827 for the quarter ending June 30, 2025. This update is part of the company’s compliance with ASX listing rules and provides transparency to stakeholders about changes in director shareholdings.
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.
Mineral Resources Limited has announced that JPMorgan Chase & Co. and its affiliates have become a substantial holder in the company as of June 26, 2025, with a voting power of 5.32%. This development indicates a significant investment by a major financial institution, which could influence the company’s strategic direction and impact its market position, potentially affecting stakeholders and investors.
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.
Mineral Resources Limited has announced the appointment of Malcolm Bundey as the new Non-Executive Chair, effective 1 July 2025, following the retirement of James McClements. Under McClements’ leadership, the company experienced significant growth and challenges, expanding its mining services and consolidating its position in the lithium sector. Bundey’s appointment is seen as a strategic move to continue leveraging the company’s strengths and ensure sustained success in the mining services and resources industry.
The most recent analyst rating on (AU:MIN) stock is a Buy with a A$79.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has announced a change in the substantial holding of its shares by JPMorgan Chase & Co. and its affiliates. The voting power of JPMorgan has decreased from 6.45% to 5.17%, indicating a reduction in their stake. This shift in shareholding could impact the company’s stock market dynamics and influence investor perceptions.
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.
Norges Bank has increased its voting power in Mineral Resources Limited from 5.01% to 6.19%, indicating a significant change in its stake in the company. This change in substantial holding reflects Norges Bank’s strategic interest and investment in the mining sector, potentially impacting Mineral Resources Limited’s shareholder dynamics and future decision-making processes.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has revised its volume guidance for the Onslow Iron project due to lower-than-expected availability of contractor road trains and below forecast daily cycles. Despite these challenges, the project is accelerating its ramp-up, with significant month-on-month increases in shipments and is on track to achieve its nameplate capacity by Q1 FY26. The commissioning of the fifth transhipper, MinRes Peak, at the Port of Ashburton is expected to further enhance transhipping capacity.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has released a presentation for an investor tour related to its Onslow Iron project. The document highlights the company’s adherence to Australian Accounting Standards and the JORC Code for reporting mineral resources and ore reserves. While the presentation contains forward-looking statements about growth opportunities, management plans, and production forecasts, it cautions stakeholders about the inherent risks and uncertainties, especially in the current economic and geopolitical climate.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has announced the appointment of Malcolm Bundey as a new director, effective from May 19, 2025. This appointment is part of the company’s strategic efforts to strengthen its leadership team, potentially impacting its operational and strategic direction positively. Bundey’s appointment is expected to bring new insights and expertise to the company, which could enhance its industry positioning and stakeholder relations.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited has released updated Mineral Resources and Ore Reserves statements for the Onslow Iron Project, highlighting the geological characteristics of the Channel Iron Deposits. This update provides detailed diagrams of the project’s geology and drill coverage, which are crucial for understanding the resource’s potential and planning future extraction activities.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Mineral Resources Limited announced a significant update to its Mineral Resources and Ore Reserves for the Onslow Iron Project, showing an 89% increase in Mineral Resources to 744 million tonnes and a 73% increase in Ore Reserves to 359 million tonnes. This update underscores the project’s potential as a long-life, low-cost operation, which is expected to drive the next phase of growth for MinRes’ Iron Ore and Mining Services divisions, further solidifying its position in the industry and promising ongoing value for stakeholders.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
UBS Group AG and its related entities have ceased to be substantial shareholders of Mineral Resources Limited as of May 15, 2025. This change in shareholding could impact the company’s market perception and investor relations, as substantial shareholders often influence corporate governance and strategic decisions.
The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
Norges Bank has become a substantial holder in Mineral Resources Limited, acquiring a 5.45% voting power through its management of ordinary shares. This acquisition signifies a strategic investment by the Central Bank of Norway, potentially impacting the company’s shareholder dynamics and market perception.
Norges Bank has become a substantial holder in Mineral Resources Limited, acquiring a 5.12% voting power through its discretionary management of funds on behalf of the Government of Norway. This acquisition reflects a strategic investment by Norges Bank, potentially impacting the company’s shareholder dynamics and signaling confidence in the company’s market position and future prospects.
Mineral Resources Limited reported its quarterly activities for January to March 2025, highlighting key corporate developments and operational updates. The company is advancing its corporate governance with a new Board Chair appointment process and has maintained strong liquidity with over $1.25 billion available. Despite a decrease in production volumes, the company remains on track with its financial covenants and cost reduction initiatives, including significant workforce reductions. Iron ore production saw a slight increase in realized prices, while lithium production volumes were adjusted with maintained cost guidance. The company also made progress in its energy sector with ongoing well testing and drilling activities.
Mineral Resources Limited announced a change in the director’s interest for Denise McComish, with an acquisition of 443 ordinary shares, increasing her total to 4,067 shares. This update reflects the company’s ongoing transparency in its governance and may impact stakeholder perceptions of director alignment with company performance.
Mineral Resources Limited announced the resignation of Denise McComish from her role as Non-Executive Director, effective 23 April 2025. The company is actively seeking a new Chair, with plans to review and potentially restructure the Board’s composition and committee structures under new leadership. McComish’s contributions, particularly in enhancing the company’s risk processes and corporate governance, were acknowledged by the Board, highlighting her role in strengthening MinRes’ operational framework.
Mineral Resources Limited has issued Appendix 3Y and 3Z notifications concerning changes in the director’s interest for Susan Corlett and Jacqueline McGill. The announcement reflects updates in the company’s governance and compliance, potentially impacting shareholder perceptions and corporate transparency.
Mineral Resources Limited has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company and its affiliates adjusting their voting power in the company. This change in voting power could influence the company’s governance and strategic decisions, potentially impacting its market position and stakeholder interests.
Mineral Resources Limited has announced a change in its substantial shareholders, with Citigroup Global Markets Australia Pty Limited and its related entities ceasing to be substantial holders as of April 15, 2025. This change involves a decrease in relevant interest in voting securities by Citibank, N.A. Sydney Branch, and an increase in relevant interest by Citigroup Global Markets Australia Pty Limited and Citigroup Global Markets Inc. The shifts in shareholding may impact the company’s market dynamics and stakeholder interests, reflecting adjustments in securities lending agreements and stock market transactions.