MINERAL RESOURCES LIMITED (MIN)
Share Price Analysis and Chart

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MIN - MINERAL RESOURCES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Index: 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

$39.30

03 Mar
2021

0.780

OPEN

$39.16

2.02%

HIGH

$39.63

774,690

LOW

$38.88

TARGET
$40.225 2.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . FMG . GRR . MGX . CIA . DRR .
MARKET CONSENSUS FORECAST
MIN: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 533.0 557.3 xxx
DPS (cps) xxx 100.0 231.3 xxx
EPS Growth xxx 100.0% 4.6% xxx
DPS Growth xxx 100.0% 100.0% xxx
PE Ratio xxx N/A 6.9 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 18.8% 41.5% xxx

Dividend yield today if purchased 3 years ago: 5.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.59

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: 16/02 - 100c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

12/02/2021

1

Buy

$44.00

11.96%

Following the release of its interim FY21 result, Mineral Resources stated the mining services business remains core to the company. The company is expecting the outcome of key approvals for Ashburton trans-shipping operation after the Western Australia state election.

The company strategy going ahead is building the downstream lithium capacity and Mineral Resources intends to convert all spodumene to hydroxide to capture higher returns.

The broker retains a Buy rating with a target of $44.

FORECAST
UBS forecasts a full year FY21 dividend of 279.00 cents and EPS of 585.00 cents.
UBS forecasts a full year FY22 dividend of 209.00 cents and EPS of 451.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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MIN STOCK CHART