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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Access Stockbroker Research History >

MIN STOCK CHART

FNArena News on MIN

1
FNArena Corporate Results Monitor – 11-02-2021

Feb 11 2021 - Australia
2
The Understated Comeback Of Aussie Dividends

Feb 10 2021 - Australia
3
Material Matters: Lithium, Energy & Coal

Jan 15 2021 - Commodities
4
Weekly Ratings, Targets, Forecast Changes – 18-12-20

Dec 21 2020 - Weekly Reports
5
November In Review: ASX Soars As Value Outperforms Growth

Dec 07 2020 - Australia

Latest Iron Ore News

1
Fortescue Ensures Dividends Aplenty

Dec 10 2020 - Australia
2
Iron Ore: Reasons To Remain Bullish

Dec 02 2020 - Technicals
3
Deterra Royalties To The Fore In Iron Ore

Nov 12 2020 - Australia
4
Iron Ore: Soaring And Roaring

Sep 14 2020 - Commodities
5
Can Fortescue Metals Sustain Lofty Heights?

Aug 25 2020 - Australia
6
Iron Ore Miners: Buy The Dips

Jul 22 2020 - Technicals
7
More Upside For Fortescue

Jul 14 2020 - Technicals
8
Material Matters: Copper Concerns And Iron Ore

Jun 29 2020 - Commodities
9
Treasure Chest: Fortescue The Resilient

Mar 16 2020 - Treasure Chest
10
Higher Highs Looming For Fortescue Metals

Jan 21 2020 - Technicals