Mineral Resources（MIN）株式概要ミネラル・リソーシズ・リミテッドは子会社とともに、オーストラリア、アジア、そして国際的に採鉱サービスを提供している。 詳細MIN ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長2/6過去の実績1/6財務の健全性2/6配当金0/6報酬当社が推定した公正価値より30.1%で取引されている 収益は年間12.62%増加すると予測されています 今年は黒字化を達成 リスク分析利払いは収益で十分にカバーされない 財務結果に影響を与える大きな一時的項目 過去3か月間に大規模なインサイダー売却が発生 すべてのリスクチェックを見るMIN Community Fair Values Create NarrativeSee what 141 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN14.9% overvaluedAnalystConsensusTarget•1mo agoAnalysts Lift Mineral Resources Price Target as Asset Sales and Margin Gains Offset Revenue Slowdown611081AN113.0% overvaluedAnalystLowTarget•22d agoRising Costs And Regulatory Burdens Will Stall Mining Expansion10302AN7.7% undervaluedAnalystHighTarget•3mo agoGlobal Electrification Will Drive Demand For Iron Ore And Lithium143016Top Analyst NarrativesAN14.9% overvaluedAnalystConsensusTarget•1mo agoAnalysts Lift Mineral Resources Price Target as Asset Sales and Margin Gains Offset Revenue Slowdown611081AN113.0% overvaluedAnalystLowTarget•22d agoRising Costs And Regulatory Burdens Will Stall Mining Expansion10302AN7.7% undervaluedAnalystHighTarget•3mo agoGlobal Electrification Will Drive Demand For Iron Ore And Lithium143016View all narrativesMineral Resources Limited 競合他社South32Symbol: ASX:S32Market cap: AU$18.5bImdexSymbol: ASX:IMDMarket cap: AU$2.1bPerentiSymbol: ASX:PRNMarket cap: AU$2.0bMacmahon HoldingsSymbol: ASX:MAHMarket cap: AU$1.8b価格と性能株価の高値、安値、推移の概要Mineral Resources過去の株価現在の株価AU$69.2652週高値AU$71.7952週安値AU$18.46ベータ1.031ヶ月の変化10.34%3ヶ月変化35.14%1年変化192.24%3年間の変化-0.47%5年間の変化57.41%IPOからの変化5,975.44%最新ニュースライブニュース • May 19Mineral Resources Targets July Lithium Output With Bald Hill Restart in Western AustraliaMineral Resources is restarting activities at its wholly owned Bald Hill lithium mine in Western Australia after a rise in lithium prices. Site work is set to ramp up in late May, with mining and crushing targeted to begin in June. Spodumene concentrate production is anticipated from July, with first shipment planned for the first quarter of FY27 and full capacity targeted for the second quarter of that year. Restarting Bald Hill points to Mineral Resources leaning back into lithium production, with a clear ramp-up timeline that stretches into FY27. Investors may wish to monitor execution risks around the restart schedule, as any delays or cost pressures during commissioning could affect returns from this asset.New Risk • May 19New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$122m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (AU$122m sold).Recent Insider Transactions • May 19Founder recently sold AU$122m worth of stockOn the 11th of May, Christopher Ellison sold around 2m shares on-market at roughly AU$69.98 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months.Major Estimate Revision • May 06Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$5.99b to AU$6.11b. EPS estimate increased from AU$3.79 to AU$4.26 per share. Net income forecast to grow 106% next year vs 34% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$60.66 to AU$64.01. Share price rose 12% to AU$69.30 over the past week.ナラティブの更新 • Apr 30MIN: Less Severe Revenue Contraction Will Still Restrain Future ReturnsAnalysts have lifted their price target on Mineral Resources from A$21.79 to A$32.52, supported by updated assumptions that point to less pronounced revenue contraction, slightly higher profit margins and a broadly steady forward P/E multiple despite a modestly higher discount rate. Valuation Changes Fair Value: A$21.79 to A$32.52, reflecting a large upward reset in the assessed equity value per share.ナラティブの更新 • Apr 15MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings MultipleAnalysts have modestly lifted their fair value estimate for Mineral Resources to A$60.29 from A$59.38, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$60.29 compared with A$59.38 previously, reflecting a modest uplift in the modelled estimate.最新情報をもっと見るRecent updatesライブニュース • May 19Mineral Resources Targets July Lithium Output With Bald Hill Restart in Western AustraliaMineral Resources is restarting activities at its wholly owned Bald Hill lithium mine in Western Australia after a rise in lithium prices. Site work is set to ramp up in late May, with mining and crushing targeted to begin in June. Spodumene concentrate production is anticipated from July, with first shipment planned for the first quarter of FY27 and full capacity targeted for the second quarter of that year. Restarting Bald Hill points to Mineral Resources leaning back into lithium production, with a clear ramp-up timeline that stretches into FY27. Investors may wish to monitor execution risks around the restart schedule, as any delays or cost pressures during commissioning could affect returns from this asset.New Risk • May 19New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$122m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (AU$122m sold).Recent Insider Transactions • May 19Founder recently sold AU$122m worth of stockOn the 11th of May, Christopher Ellison sold around 2m shares on-market at roughly AU$69.98 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months.Major Estimate Revision • May 06Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$5.99b to AU$6.11b. EPS estimate increased from AU$3.79 to AU$4.26 per share. Net income forecast to grow 106% next year vs 34% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$60.66 to AU$64.01. Share price rose 12% to AU$69.30 over the past week.ナラティブの更新 • Apr 30MIN: Less Severe Revenue Contraction Will Still Restrain Future ReturnsAnalysts have lifted their price target on Mineral Resources from A$21.79 to A$32.52, supported by updated assumptions that point to less pronounced revenue contraction, slightly higher profit margins and a broadly steady forward P/E multiple despite a modestly higher discount rate. Valuation Changes Fair Value: A$21.79 to A$32.52, reflecting a large upward reset in the assessed equity value per share.ナラティブの更新 • Apr 15MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings MultipleAnalysts have modestly lifted their fair value estimate for Mineral Resources to A$60.29 from A$59.38, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$60.29 compared with A$59.38 previously, reflecting a modest uplift in the modelled estimate.ナラティブの更新 • Apr 01MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings MultipleAnalysts have trimmed their price target for Mineral Resources slightly to reflect a new fair value estimate of about A$59.38 per share, compared with roughly A$59.85 previously, citing refreshed assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$59.38 per share, slightly below the previous estimate of A$59.85.ナラティブの更新 • Mar 18MIN: Slightly Higher Fair Value Will Reflect Balanced Profitability And Multiple AssumptionsThe analyst price target for Mineral Resources has been adjusted slightly higher to A$59.85 from A$59.77, with analysts citing updates in profit margin assumptions and valuation multiples as key drivers of the change. Valuation Changes Fair Value: A$59.77 to A$59.85, reflecting a very small upward adjustment in the modelled estimate.Major Estimate Revision • Mar 10Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 consensus EPS increased from AU$4.18 to AU$4.60. Revenues were reaffirmed at AU$5.99b. Net income forecast to grow 120% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$59.77. Share price fell 9.0% to AU$54.31 over the past week.ナラティブの更新 • Mar 04MIN: Higher Assessed Fair Value Will Balance Evolving Risks And OpportunitiesAnalysts have increased their price target for Mineral Resources from A$46.58 to A$59.77. This change reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E, which they view as better aligned with the stock’s current risk and earnings profile.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to AU$60.98, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 0x in the Metals and Mining industry in Australia. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$91.00 per share.New Risk • Feb 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Reported Earnings • Feb 22First half 2026 earnings: EPS and revenues exceed analyst expectationsFirst half 2026 results: EPS: AU$2.51 (up from AU$4.10 loss in 1H 2025). Revenue: AU$3.05b (up 33% from 1H 2025). Net income: AU$495.0m (up AU$1.30b from 1H 2025). Profit margin: 16% (up from net loss in 1H 2025). Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 108%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.ナラティブの更新 • Feb 18MIN: Refreshed Assumptions Will Support Upside At Stable A$75 Fair ValueAnalysts have maintained their A$75.0 price target for Mineral Resources. Minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions have resulted in a refreshed yet directionally consistent valuation view.ナラティブの更新 • Feb 04MIN: Bald Hill Sale Process And Iron Ore Strength Will Support UpsideAnalysts have increased their fair value estimate for Mineral Resources from A$68.00 to A$75.00, citing updated assumptions about revenue growth, profit margins and a lower future P/E multiple in their models. What's in the News Mineral Resources is reported to have started a sale process for its Bald Hill lithium mine to help secure funds to reduce debt, with interest expected in either the whole asset or a partial stake (Key Developments).Price Target Changed • Jan 30Price target increased by 7.3% to AU$54.45Up from AU$50.75, the current price target is an average from 13 analysts. New target price is 11% below last closing price of AU$61.02. Stock is up 70% over the past year. The company is forecast to post earnings per share of AU$2.59 next year compared to a net loss per share of AU$4.59 last year.Price Target Changed • Jan 24Price target increased by 8.5% to AU$52.18Up from AU$48.08, the current price target is an average from 13 analysts. New target price is 16% below last closing price of AU$62.30. Stock is up 76% over the past year. The company is forecast to post earnings per share of AU$1.99 next year compared to a net loss per share of AU$4.59 last year.ナラティブの更新 • Jan 21MIN: Bald Hill Sale And Iron Ore Strength Will Support Future UpsideAnalysts have kept their fair value estimate for Mineral Resources steady at A$68.00. Updated assumptions point to higher revenue growth, a slightly lower profit margin, a marginally reduced discount rate and a modestly lower future P/E multiple as the key drivers behind the unchanged price target.ナラティブの更新 • Jan 06MIN: Bald Hill Sale And High Debt Will Pressure Future ReturnsAnalysts have raised their price target for Mineral Resources from A$15.00 to about A$21.79. They cite updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of this change.Recent Insider Transactions • Dec 25Independent Non-Executive Director recently sold AU$525k worth of stockOn the 22nd of December, Xi Xi sold around 10k shares on-market at roughly AU$52.45 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$435k more than they sold in the last 12 months.ナラティブの更新 • Dec 20MIN: Higher Margins And Asset Sale Will Drive Stronger Future UpsideAnalysts have lifted their price target for Mineral Resources from 54.04 dollars to 68.00 dollars, citing expectations of structurally higher profit margins despite moderating revenue growth assumptions and a slightly increased discount rate. What's in the News Mineral Resources has reportedly launched a sale process for its Bald Hill lithium mine, aiming to secure funds to pay down debt through either a full or partial stake sale (Key Developments) Investment banks Standard Chartered and Argonaut Securities are running the Bald Hill sale process, while JPMorgan continues to advise Mineral Resources more broadly on strategic options (Key Developments) Potential bidders are expected to include downstream battery and chemical producers such as LG Chemical and Mitsubishi.ナラティブの更新 • Dec 06MIN: Bald Hill Sale And Higher Margins Will Balance Future Risks And OpportunitiesAnalysts have raised their price target for Mineral Resources by approximately $1.15 per share, citing slightly higher long term revenue growth expectations, a notable uplift in forecast profit margins, and a lower projected future price to earnings multiple that together support a modestly higher fair value estimate. What's in the News Mineral Resources has reportedly launched a sale process for its Bald Hill lithium mine to help pay down debt, exploring both full and partial stake divestment options (Key Developments).Buy Or Sell Opportunity • Nov 24Now 20% undervaluedOver the last 90 days, the stock has risen 35% to AU$47.29. The fair value is estimated to be AU$59.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Meanwhile, the company became loss making.ナラティブの更新 • Nov 22MIN: Asset Sales And Leadership Changes Will Balance Risks And OpportunitiesAnalysts have raised their price target for Mineral Resources from $42.22 to $45.43. They cite improved profit margin projections and a slightly higher discount rate, which more than offset marginally lower anticipated revenue growth.お知らせ • Nov 12+ 1 more updateMineral Resources Reportedly Launches Sale Process for Bald Hill Lithium MineMineral Resources Limited (ASX:MIN) backed by billionaire Chris Ellison, is understood to have launched the sale of its Bald Hill lithium mine as it moves to secure funds to pay down debt. Market sources say the $8,800 million Perth-based mining group has its investment banking team running what could be a dual-track process for the asset sale, whereby it seeks expressions of interest for the asset as a whole or just part of Bald Hill. Working on the sale are investment banks Standard Chartered and Argonaut Securities, while JPMorgan has been advising Mineral Resources across the board. The investment banks have started reaching out to buyers. Sources say they believe downstream operators and customers such as Korea's LG Chemical and Japan's Mitsubishi would be best placed to buy a stake in the asset and are thought to be looking. The Bald Hill mine was placed into care and maintenance late last year after a strategic review that followed a prolonged period of low lithium prices. MinRes has already weighed up options for other asset sales, including its Wodgina mine, but none of the suitors met its $2,000 million price expectations. Lithium prices have recently rebounded after crashing to low levels this year, but MinRes had been under pressure after posting a $904 million annual loss with $5,400 million of net debt. Sources say the controversial boss, recently under the spotlight over conflicts of interest for intercompany-related transactions, was always a reluctant seller of assets and did not want to raise equity, because it would dilute his stake. A rally in the iron ore price in recent months has alleviated pressure to offload more mines.ナラティブの更新 • Nov 06MIN: Debt Reduction Efforts And Asset Sales Will Shape Profit OutlookThe analyst price target for Mineral Resources has been raised from $37.51 to $42.22. This reflects analysts' increased optimism due to stronger projected revenue growth and improved profit margins.Board Change • Nov 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Colin Moorhead was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Oct 31Price target increased by 8.2% to AU$40.59Up from AU$37.51, the current price target is an average from 15 analysts. New target price is 16% below last closing price of AU$48.40. Stock is up 19% over the past year. The company is forecast to post earnings per share of AU$1.04 next year compared to a net loss per share of AU$4.59 last year.Buy Or Sell Opportunity • Oct 30Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 61% to AU$48.20. The fair value is estimated to be AU$37.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Meanwhile, the company became loss making.ナラティブの更新 • Oct 22Analysts Lift Mineral Resources Price Target as Asset Sales and Margin Gains Offset Revenue SlowdownMineral Resources' analyst price target has increased modestly from $36.60 to $37.51, as analysts cite improved profit margins offsetting slower revenue growth in their updated outlook. What's in the News Mineral Resources Limited is considering the sale of its lithium mines, including Wodgina, Mt Marion, and Bald Hill, to reduce its $5.3 billion debt pile (Key Developments).お知らせ • Oct 10Mineral Resources Limited Announces Board and Committee ChangesMineral Resources Limited announced the appointment of Susan Ferrier and Colin Moorhead as Independent Non-Executive Directors effective 10 October 2025. Ms Ferrier and Mr. Moorhead bring decades of leadership experience in mining, finance and professional services, together contributing significant operational, cultural and governance expertise to the Board. Susan Ferrier: Ms Ferrier is an accomplished board director and C-suite executive with more than 30 years of global experience in human resources leadership, cultural transformation and governance across finance and professional services. Between 2019 and 2023, she was Group Executive for People and Culture at National Australia Bank (ASX: NAB) where she led a transformation of the human resources function and was accountable for enterprise- wide culture and leadership programs. For the eight years prior, Ms Ferrier held senior global roles with KPMG International, including Global Head of People, Global Head of Inclusion and Diversity, and Australian Managing Partner for People and Culture. Her career also includes 15 years in the United Kingdom in global and regional roles for major financial services organizations including HSBC, Deutsche Bank and ING. Ms Ferrier currently serves as co-Chair of Jawun, a non-profit organisation supporting economic and social development in Indigenous communities. She is also a board member of Airservices Australia and Sydney Symphony Orchestra, where she chairs their respective Remuneration Committees, and serves on the People and Culture Committee at the University of Sydney. Ms Ferrier holds a Bachelor of Laws and Bachelor of Arts from the University of Sydney and is a member of Chief Executive Women. Colin Moorhead: Mr. Moorhead is a seasoned non-executive director, mining executive and geologist with an extensive track record over 35 years across the mining sector. His career spans exploration, project development and operational leadership in the gold, copper, mineral sands and rare earths sectors. Most recently he was Executive Chair and Managing Director of Xanadu Mines, a copper and gold explorer with projects in Mongolia. Under his leadership, the company was successfully sold earlier this year. As Chief Executive Officer of PT Merdeka Copper Gold from 2016 to 2018, Mr. Moorhead also led the successful development of the Tujuh Bukit gold mine in Indonesia, later being appointed an executive director and then non-executive technical director. Earlier in his career, he spent 28 years at Newcrest Mining Limited (ASX: NCM) 10 of which as an executive, where he was responsible for global exploration and resource development, mine geology and resources and reserves governance. He currently serves as a non-executive director at Ramelius Resources (ASX: RMS), Aeris Resources (ASX: AIS), and VHM Ltd. (ASX: VHM). He is a former president of Australasian Institute of Mining and Metallurgy (AusIMM), a former director of the Australian Minerals Industry Research Association (AMIRA) and a former ex-officio member of the Joint Ore Reserves Committee (JORC). Mr. Moorhead holds a Bachelor of Science (Hons) in Geology and Geophysics from the University of Melbourne and is an alumnus of the Harvard Business School Advanced Management Program. Committee update: Following the appointments, Ms Ferrier will become Chair of the Remuneration and People Committee, and a member of the Nomination Committee. Mr. Moorhead will become Chair of the Technical Committee and a member of the Sustainability Committee. Zimi Meka to retire from the Board: The Company also announces that Non-Executive Director Zimi Meka has advised that, after careful consideration, he will not be standing for re-election at this year's AGM due to his considerable commitments with Ausenco. As a result, he will retire from the Board and cease to be a Director at the conclusion of the Company's Annual General Meeting to be held on 20 November 2025. Mr. Meka has made a significant contribution to the Board including a valued contribution to all Board Committees, chairing the Nominations Committee for the recent appointment of the new Board Chair, and helping guide the Company through a difficult recent period.Price Target Changed • Oct 09Price target increased by 7.2% to AU$37.29Up from AU$34.79, the current price target is an average from 16 analysts. New target price is 15% below last closing price of AU$43.63. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of AU$0.80 next year compared to a net loss per share of AU$4.59 last year.ナラティブの更新 • Oct 08Onslow Iron Scale-Up Will Support Global Industrial DemandAnalysts have raised their price target for Mineral Resources from $34.79 to $36.60 per share, citing modest improvements in forecasted revenue growth and profit margins as key drivers for the upward revision. What's in the News Mineral Resources Limited is considering the sale of its West Australian lithium mines, including Wodgina, Mt Marion, and Bald Hill.お知らせ • Sep 25Mineral Resources Limited, Annual General Meeting, Nov 20, 2025Mineral Resources Limited, Annual General Meeting, Nov 20, 2025.ナラティブの更新 • Sep 24Onslow Iron Scale-Up Will Support Global Industrial DemandDespite a sharp rise in Mineral Resources' future P/E and a significant drop in net profit margin, the consensus analyst price target has been revised modestly upwards to A$34.79. What's in the News Mineral Resources Limited is considering selling its lithium mines to address a $5.3 billion debt pile after posting a $904 million annual loss.お知らせ • Sep 06+ 5 more updatesMineral Resources Limited to Report Fiscal Year 2026 Results on Aug 27, 2026Mineral Resources Limited announced that they will report fiscal year 2026 results on Aug 27, 2026Price Target Changed • Aug 30Price target increased by 9.2% to AU$33.47Up from AU$30.67, the current price target is an average from 15 analysts. New target price is 10% below last closing price of AU$37.40. Stock is down 6.8% over the past year. The company is forecast to post earnings per share of AU$0.47 next year compared to a net loss per share of AU$4.59 last year.Reported Earnings • Aug 28Full year 2025 earnings released: AU$4.59 loss per share (vs AU$0.64 profit in FY 2024)Full year 2025 results: AU$4.59 loss per share (down from AU$0.64 profit in FY 2024). Revenue: AU$4.69b (down 11% from FY 2024). Net loss: AU$904.0m (down AU$1.03b from profit in FY 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.ナラティブの更新 • Aug 27Onslow Iron And Lithium Operations Will Increase OutputDespite steady revenue growth and a marginal improvement in net profit margin forecasts, the consensus analyst price target for Mineral Resources has been modestly raised to A$31.07. What's in the News Mineral Resources may sell up to 15% of its mining services business, potentially raising $750 million to $1.1 billion.ナラティブの更新 • Aug 06Onslow Iron And Lithium Operations Will Increase OutputThe upward revision in Mineral Resources’ Analyst Price Target reflects a modest rise in the future P/E ratio alongside a slight decrease in the discount rate, resulting in a new consensus fair value of A$29.91. What's in the News Mineral Resources Limited is considering selling a 10%-15% stake in its mining services business, potentially raising $750 million to $1.1 billion, with alternative options to monetize assets such as its Onslow haul road and Onslow Iron loan receivables.Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ross Carroll was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Aug 01Consensus EPS estimates upgraded to AU$3.98 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -AU$4.43 to -AU$3.98 per share. Revenue forecast steady at AU$4.42b. Metals and Mining industry in Australia expected to see average net income growth of 16% next year. Consensus price target up from AU$27.10 to AU$29.61. Share price fell 11% to AU$28.59 over the past week.Price Target Changed • Jul 31Price target increased by 9.3% to AU$29.61Up from AU$27.10, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of AU$28.59. Stock is down 47% over the past year. The company is forecast to post a net loss per share of AU$3.98 compared to earnings per share of AU$0.64 last year.お知らせ • Jul 07Mineral Resources Limited Announces Board ChangesMineral Resources Limited announced the appointment of Lawrie Tremaine and Ross Carroll as Independent Non-Executive Directors of the MinRes Board effective 7 July 2025. These appointments demonstrate the Board's commitment to renewal, strengthened governance and financial oversight. Together, Mr. Tremaine and Mr. Carroll bring a wealth of executive management, financial, strategic and capital markets expertise gained from senior leadership roles with ASX-listed companies across the resources, energy and mining services sectors. Mr. Tremaine is a distinguished finance executive with more than 35 years' experience in financial and commercial leadership across the mining, mineral processing, manufacturing, and energy sectors, both in Australia and internationally. Most recently, he was Chief Financial Officer (CFO) at Origin Energy for seven years until 2024, where he played a central role in strengthening the balance sheet and guiding capital management. He was previously CFO at Woodside Energy for six years, where he led finance, strategy and commercial functions through major investment decisions. His career also includes 17 years at Alcoa, where he established finance infrastructure across Asia Pacific. Mr. Tremaine currently serves as Chair of MoneyCatcha, a private fintech firm. Mr. Tremaine becomes Chair of the Audit and Risk Committee, Chair of the Sustainability Committee and a member of the Ethics and Governance Committee. Mr. Carroll has over 25 years' leadership, Chief Executive Officer (CEO) and CFO experience across a range of mining, energy and mining services companies, most recently as CEO of Toronto-listed junior miner Commerce Resources. He was CFO at MMG Limited from 2015 to 2024. During his tenure, he strengthened the company's balance sheet, drove operational efficiencies and led major acquisitions, including the USD 1.9 billion Khoemacau copper mine in Botswana. Between 2012 and 2015, he was CEO of Macmahon Holdings, guiding the mining services contractor through a period of asset divestment and cost reduction. He is also a former CFO of Woodside Energy and previously held a variety of leadership positions in finance and business development at BHP for more than 18 years. Mr. Carroll assumes the position of Chair of the Ethics and Governance Committee and becomes a member of the Audit and Risk Committee and Technical Committee. With the appointments of Mr. Tremaine and Mr. Carroll, the Ethics and Governance Committee will now consist of Mr. Carroll (Chair), Independent Non-Executive Board Chair Malcolm Bundey, Mr. Tremaine and Independent Non-Executive Director Justin Langer. Independent Non-Executive Director Xi Xi stepped down as Chair of the Audit and Risk Committee, with that Committee now consisting of Mr. Tremaine (Chair), Ms Xi, Mr. Carroll and Mr. Bundey. Independent Non-Executive Director Colleen Hayward stepped down from the Audit and Risk Committee, a role she has been involved in since May 2023, and continues in roles on the Remuneration and People Committee and the Sustainability Committee.お知らせ • Jun 30Yilgarn Iron Investments Pty Ltd acquired Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN).Yilgarn Iron Investments Pty Ltd acquired Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN) on June 30, 2025. As part of the acquisition, Yilgarn Iron Investments Pty Ltd has acquired all shares in Yilgarn Iron Pty Ltd, as well as other tenements and land interests across the Yilgarn Hub, associated approvals, licences, entitlements and fixed assets and will be responsible for and indemnifies MinRes against all environmental, closure and rehabilitation liabilities in relation to Yilgarn Hub assets. Following the acquisition, MinRes has retained all gold and lithium rights on tenements within the Yilgarn Hub. Yilgarn Iron Investments Pty Ltd completed the acquisition of Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN) on June 30, 2025.お知らせ • May 12An undisclosed buyer acquired an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd.An undisclosed buyer acquired an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd on May 12, 2025. An undisclosed buyer completed the acquisition of an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd on May 12, 2025.お知らせ • Apr 25Mineral Resources Reportedly Explores Sale of Bald Hill Lithium MineFurther speculation has surfaced in the market about asset sales being explored by Mineral Resources Limited (ASX:MIN), with the latest being its $1 billion Bald Hill lithium mine in Western Australia's Goldfields region. DataRoom understands that Mineral Resources adviser JPMorgan may have been quietly courting suitors that could be keen to buy the asset that Chris Ellison's Mineral Resources has outlaid about $1 billion on in terms of investment. However, the mine was placed into care and maintenance late last year following a strategic review on the back of a prolonged period of low lithium prices. DataRoom reported this month that Mineral Resources quietly launched a sale process for its Wodgina lithium operation late last year and has tested the market for an equity raising. This was as bonds for MinRes had started trading at a discount of 10c-15c in the dollar amid volatile market conditions that had weakened bond prices generally as investors search for liquidity. MinRes now says it has no plans to sell Wodgina, suggesting that interest from the groups it approached, such as South Korea's LG Chemical and other Japanese trading houses and car manufactures like Mitsubishi, did not offer an adequate price. Broker consensus estimates for the 50% interest in Wodgina are around $2.2 billion and offers were understood to have come in lower than that.お知らせ • Mar 24Mineral Resources Limited Announces Onslow Iron Haulage Operations ResumeMineral Resources Limited advised haulage operations resumed on the Onslow Iron dedicated haul road on the evening of 21 March 2025. The resumption followed constructive discussions with WorkSafe WA regarding controls and risk mitigation. The previously announced works program to upgrade the haul road continues on schedule for completion in Q1 FY26. Transhipper four, MinRes Rosily, also commenced operations at the Port of Ashburton on 22 March 2025, increasing Onslow Iron's transhipping capacity to 28 million tonnes per annum. FY25 Onslow Iron volume guidance is maintained.お知らせ • Mar 21Mineral Resources Limited Provides Update on Onslow Iron Haulage OperationsMineral Resources Limited advised that haulage on the Onslow Iron haul road has been temporarily paused while the Company engages with WorkSafe WA on their notice issued on 18 March 2025 relating to controls and risk-mitigation of the road train operations. MinRes reported to WorkSafe WA that the rear two trailers of a road train had tipped onto their side on the haul road on 17 March 2025. The prime mover and first trailer remained upright, and the operator was not injured. The cause of the incident is under internal investigation. Haulage is continuing via contractor vehicles using alternative routes, and MinRes transhippers will continue to load ocean-going vessels during this period. MinRes has strengthened controls and traffic management on the haul road and currently expects to resume haul road operations without impacting FY25 Onslow Iron volume guidance.Price Target Changed • Feb 20Price target decreased by 7.8% to AU$39.55Down from AU$42.89, the current price target is an average from 17 analysts. New target price is 53% above last closing price of AU$25.83. Stock is down 58% over the past year. The company is forecast to post a net loss per share of AU$4.18 compared to earnings per share of AU$0.64 last year.Reported Earnings • Feb 19First half 2025 earnings released: AU$4.10 loss per share (vs AU$2.82 profit in 1H 2024)First half 2025 results: AU$4.10 loss per share (down from AU$2.82 profit in 1H 2024). Revenue: AU$2.29b (down 8.9% from 1H 2024). Net loss: AU$809.0m (down 247% from profit in 1H 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Feb 19Consensus EPS estimates fall by 203%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$4.44b to AU$4.52b. Forecast EPS reduced from -AU$1.64 to -AU$4.98 per share. Metals and Mining industry in Australia expected to see average net income growth of 22% next year. Consensus price target down from AU$43.64 to AU$42.73. Share price fell 6.5% to AU$30.50 over the past week.新しいナラティブ • Feb 02Onslow Iron's Ramp-Up And Cost Reductions Will Improve Operational Efficiency Solid liquidity position and cash flow from Onslow Iron support future growth and potential for debt reduction, enhancing net margins and earnings.Major Estimate Revision • Jan 31Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$1.41 to -AU$1.83 per share. Revenue forecast unchanged at AU$4.51b. Metals and Mining industry in Australia expected to see average net income growth of 17% next year. Consensus price target broadly unchanged at AU$43.65. Share price was steady at AU$35.93 over the past week.お知らせ • Dec 19Hancock Prospecting Pty Ltd completed the acquisition of Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN).Hancock Prospecting Pty Ltd agreed to acquire Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN) on October 31, 2024. As per the transaction, Hancock Prospecting Pty Ltd has also entered into two joint venture agreements over MinRes’ remaining onshore Perth Basin and Carnarvon Basin exploration acreage. The total consideration paid by Hancock Prospecting Pty Ltd for the agreements are AUD 1.13 billion. Hancock Prospecting Pty Ltd completed the acquisition of Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN) on December 18, 2024. Hancock Prospecting Pty Ltd has received receipt of initial consideration of $780 million.お知らせ • Dec 03+ 3 more updatesMineral Resources Limited to Report First Half, 2025 Results on Feb 18, 2025Mineral Resources Limited announced that they will report first half, 2025 results on Feb 18, 2025Major Estimate Revision • Nov 01Consensus EPS estimates fall by 18%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$4.46b to AU$4.52b. Forecast EPS reduced from -AU$0.28 to -AU$0.332 per share. Metals and Mining industry in Australia expected to see average net income growth of 24% next year. Consensus price target down from AU$50.01 to AU$48.91. Share price rose 9.7% to AU$39.40 over the past week.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to AU$39.55, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total loss to shareholders of 3.8% over the past three years.Major Estimate Revision • Oct 02Consensus EPS estimates fall by 439%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$0.03 to -AU$0.163 per share. Revenue forecast unchanged at AU$4.56b. Metals and Mining industry in Australia expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at AU$52.46. Share price rose 32% to AU$51.61 over the past week.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 34%After last week's 34% share price gain to AU$49.14, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$91.97 per share.お知らせ • Sep 25Morgan Stanley Infrastructure Inc. acquired 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) for AUD 1.3 billion.Morgan Stanley Infrastructure Inc. agreed to acquire 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) for AUD 1.3 billion on June 5, 2024. A cash consideration of AUD 1.1 billion will be paid by Morgan Stanley Infrastructure Inc. Morgan Stanley Infrastructure Inc. will pay an earnout/contingent payment of AUD 200 million cash, subject to to achieving a 35Mtpa run rate for any quarter before 30 June, 2026. The completion is expected in the second half of 2024. JPMorgan Chase & Co. acted as financial advisor for Mineral Resources Limited. David John & David Ryan of Herbert Smith Freehills LLP acted as legal advisor for Mineral Resources Limited. Emin Altiparmak, Igor Bogdanich, Wendy Rae, David Couper, Matthew Whittle, David Donnelly, David McLeish, Eve Lynch and Penny Nikoloudis of Allens advised Morgan Stanley Infrastructure. As of September 10, 2024, The transaction has been approved by the Foreign Investment Review Board, all conditions precedent are satisfied and completion of the transaction is due to occur within 15 business days. Morgan Stanley Infrastructure Inc. completed the acquisition of 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) on September 25, 2024.Major Estimate Revision • Sep 21Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$4.71b to AU$4.59b. Now expected to report a loss of AU$0.025 per share instead of AU$0.121 per share profit previously forecast. Metals and Mining industry in Australia expected to see average net income growth of 29% next year. Consensus price target down from AU$54.36 to AU$52.91. Share price fell 4.3% to AU$36.70 over the past week.Major Estimate Revision • Sep 12Consensus EPS estimates increase by 54%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from AU$0.109 to AU$0.169. Revenue forecast steady at AU$4.71b. Net income forecast to shrink 228% next year vs 34% growth forecast for Metals and Mining industry in Australia . Consensus price target broadly unchanged at AU$54.07. Share price rose 18% to AU$38.02 over the past week.Price Target Changed • Sep 09Price target decreased by 7.1% to AU$54.72Down from AU$58.93, the current price target is an average from 17 analysts. New target price is 80% above last closing price of AU$30.40. Stock is down 56% over the past year. The company is forecast to post earnings per share of AU$0.11 for next year compared to AU$0.64 last year.Recent Insider Transactions Derivative • Sep 08Founder exercised options to buy AU$3.4m worth of stock.On the 31st of August, Christopher Ellison exercised options to buy 112k shares at a strike price of around AU$41.65, costing a total of AU$4.7m. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since September 2023, Christopher's direct individual holding has increased from 22.47m shares to 22.89m. Company insiders have collectively bought AU$4.7m more than they sold, via options and on-market transactions, in the last 12 months.Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to AU$36.17, the stock trades at a forward P/E ratio of 159x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total loss to shareholders of 27% over the past three years.Price Target Changed • Aug 30Price target decreased by 9.2% to AU$58.58Down from AU$64.50, the current price target is an average from 17 analysts. New target price is 46% above last closing price of AU$40.15. Stock is down 44% over the past year. The company is forecast to post earnings per share of AU$0.014 for next year compared to AU$0.64 last year.Price Target Changed • Aug 29Price target decreased by 7.1% to AU$61.06Down from AU$65.73, the current price target is an average from 17 analysts. New target price is 50% above last closing price of AU$40.61. Stock is down 43% over the past year. The company is forecast to post a net loss per share of AU$0.084 compared to earnings per share of AU$0.64 last year.Reported Earnings • Aug 29Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: AU$0.64 (down from AU$1.27 in FY 2023). Revenue: AU$5.75b (up 20% from FY 2023). Net income: AU$125.0m (down 49% from FY 2023). Profit margin: 2.2% (down from 5.1% in FY 2023). Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Aug 29Consensus EPS estimates fall by 85%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.069 to AU$0.011 per share. Revenue forecast steady at AU$4.92b. Net income forecast to shrink 38% next year vs 24% growth forecast for Metals and Mining industry in Australia . Consensus price target down from AU$65.73 to AU$63.85. Share price fell 4.0% to AU$44.18 over the past week.Major Estimate Revision • Jul 29Consensus EPS estimates increase by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$4.73b to AU$4.81b. EPS estimate increased from AU$1.95 to AU$2.67 per share. Net income forecast to shrink 33% next year vs 24% growth forecast for Metals and Mining industry in Australia . Consensus price target down from AU$69.10 to AU$66.68. Share price was steady at AU$54.00 over the past week.Buy Or Sell Opportunity • Jul 01Now 41% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to AU$54.94. The fair value is estimated to be AU$93.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 27% per annum over the same time period.Buy Or Sell Opportunity • Jun 21Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to AU$55.76. The fair value is estimated to be AU$72.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 26% per annum over the same time period.Major Estimate Revision • Apr 25Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$4.79b to AU$4.73b. EPS estimate also fell from AU$2.88 per share to AU$2.58 per share. Net income forecast to grow 45% next year vs 28% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$69.48. Share price was steady at AU$68.82 over the past week.New Risk • Apr 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (33% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.9% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).お知らせ • Mar 20Mineral Resources Limited (ASX:MIN) entered into binding heads of agreement to acquire Lake Johnston Project from Poseidon Nickel Limited (ASX:POS) for AUD 15 million.Mineral Resources Limited (ASX:MIN) entered into binding heads of agreement to acquire Lake Johnston Project from Poseidon Nickel Limited (ASX:POS) for AUD 15 million on March 18, 2024. Consideration comprises of AUD 1 million non-refundable cash payment, AUD 6.5 million payable on completion of a formal sale and purchase agreement and AUD 7.5 million deferred payment (payable 12 months after completion). The transaction is conditional upon completion of legal due diligence on the sale assets to the reasonable satisfaction of Mineral Resources, the Parties entering into an assignment deed with the relevant parties in respect of the Ngadju Native Title Agreement on terms acceptable to Poseidon Nickel and the consent of the Minister for Mines and Petroleum being obtained under the Mining Act for the transfer of all the rights and obligations in respect of the tenements. The transaction will provide Poseidon with the funding to execute Mineral Resources' strategy which includes an exploration focus targeting high-grade nickel discoveries, continuing with reduced care and maintenance activities at Black Swan (to conserve funds) and pursuing new opportunities. The transaction is expected to close within thirty days of execution of the binding heads of agreement.Major Estimate Revision • Feb 28Consensus EPS estimates increase by 124%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$4.79b to AU$4.89b. EPS estimate increased from AU$1.38 to AU$3.09 per share. Net income forecast to grow 50% next year vs 29% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$66.43. Share price rose 8.8% to AU$64.61 over the past week.Declared Dividend • Feb 23First half dividend reduced to AU$0.20Dividend of AU$0.20 is 83% lower than last year. Ex-date: 1st March 2024 Payment date: 26th March 2024 Dividend yield will be 1.4%, which is lower than the industry average of 5.1%.Reported Earnings • Feb 22First half 2024 earnings released: EPS: AU$2.76 (vs AU$2.06 in 1H 2023)First half 2024 results: EPS: AU$2.76 (up from AU$2.06 in 1H 2023). Revenue: AU$2.51b (up 7.0% from 1H 2023). Net income: AU$537.3m (up 38% from 1H 2023). Profit margin: 21% (up from 17% in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Board Change • Feb 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jacqui McGill was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Jan 26Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$5.02b to AU$4.95b. EPS estimate also fell from AU$2.92 per share to AU$2.54 per share. Net income forecast to grow 93% next year vs 17% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$69.25. Share price was steady at AU$59.39 over the past week.株主還元MINAU Metals and MiningAU 市場7D-1.3%-5.9%-0.4%1Y192.2%51.6%2.9%株主還元を見る業界別リターン: MIN過去 1 年間で51.6 % の収益を上げたAustralian Metals and Mining業界を上回りました。リターン対市場: MIN過去 1 年間で2.9 % の収益を上げたAustralian市場を上回りました。価格変動Is MIN's price volatile compared to industry and market?MIN volatilityMIN Average Weekly Movement7.7%Metals and Mining Industry Average Movement12.2%Market Average Movement10.5%10% most volatile stocks in AU Market17.5%10% least volatile stocks in AU Market4.4%安定した株価: MIN 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: MINの 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19928,456Chris Ellisonwww.mineralresources.com.auミネラル・リソーシズ・リミテッドは子会社とともに、オーストラリア、アジア、および国際的に鉱業サービスを提供している。鉱業サービス、鉄鉱石、リチウム、エネルギー・その他部門を通じて事業を展開している。同社は、露天採鉱、破砕・運搬、加工、運搬、港湾荷役、海洋サービスからなる坑内から船までのソリューション、鉱物処理施設の設計・建設、サプライチェーン、道路運搬、自律走行列車、積み替えサービスからなる輸送・物流サービス、鉱業用機器・部品の製造、現場・復旧サービス、エンジニアリング・建設サービスを提供している。また、西オーストラリア州の主力プロジェクトであるオンズロー鉄プロジェクトの鉄鉱石の開発、採掘、輸出も行っている。さらに、西オーストラリア州の鉱山からリチウムを開発・採掘し、スポジュメン精鉱とリチウム電池用化学品を販売している。さらに、エネルギー分野での探鉱・掘削サービス、マンガン・ガーネット、ガス生産、天然ガス・LNG・太陽光・風力・地熱による発電事業も行っている。ミネラル・リソーシズ社は1992年に設立され、本社はオーストラリアのオズボーン・パークにある。もっと見るMineral Resources Limited 基礎のまとめMineral Resources の収益と売上を時価総額と比較するとどうか。MIN 基礎統計学時価総額AU$13.61b収益（TTM）AU$400.00m売上高(TTM)AU$5.23b34.0xPER（株価収益率2.6xP/SレシオMIN は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MIN 損益計算書（TTM）収益AU$5.23b売上原価AU$575.00m売上総利益AU$4.66bその他の費用AU$4.26b収益AU$400.00m直近の収益報告Dec 31, 2025次回決算日Jul 29, 2026一株当たり利益（EPS）2.04グロス・マージン89.01%純利益率7.64%有利子負債／自己資本比率115.7%MIN の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 06:55終値2026/05/21 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Mineral Resources Limited 14 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。27 アナリスト機関Josh KannourakisBarrenjoey Markets Pty LimitedGlyn LawcockBarrenjoey Markets Pty LimitedDale KoendersBarrenjoey Markets Pty Limited24 その他のアナリストを表示
ライブニュース • May 19Mineral Resources Targets July Lithium Output With Bald Hill Restart in Western AustraliaMineral Resources is restarting activities at its wholly owned Bald Hill lithium mine in Western Australia after a rise in lithium prices. Site work is set to ramp up in late May, with mining and crushing targeted to begin in June. Spodumene concentrate production is anticipated from July, with first shipment planned for the first quarter of FY27 and full capacity targeted for the second quarter of that year. Restarting Bald Hill points to Mineral Resources leaning back into lithium production, with a clear ramp-up timeline that stretches into FY27. Investors may wish to monitor execution risks around the restart schedule, as any delays or cost pressures during commissioning could affect returns from this asset.
New Risk • May 19New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$122m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (AU$122m sold).
Recent Insider Transactions • May 19Founder recently sold AU$122m worth of stockOn the 11th of May, Christopher Ellison sold around 2m shares on-market at roughly AU$69.98 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months.
Major Estimate Revision • May 06Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$5.99b to AU$6.11b. EPS estimate increased from AU$3.79 to AU$4.26 per share. Net income forecast to grow 106% next year vs 34% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$60.66 to AU$64.01. Share price rose 12% to AU$69.30 over the past week.
ナラティブの更新 • Apr 30MIN: Less Severe Revenue Contraction Will Still Restrain Future ReturnsAnalysts have lifted their price target on Mineral Resources from A$21.79 to A$32.52, supported by updated assumptions that point to less pronounced revenue contraction, slightly higher profit margins and a broadly steady forward P/E multiple despite a modestly higher discount rate. Valuation Changes Fair Value: A$21.79 to A$32.52, reflecting a large upward reset in the assessed equity value per share.
ナラティブの更新 • Apr 15MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings MultipleAnalysts have modestly lifted their fair value estimate for Mineral Resources to A$60.29 from A$59.38, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$60.29 compared with A$59.38 previously, reflecting a modest uplift in the modelled estimate.
ライブニュース • May 19Mineral Resources Targets July Lithium Output With Bald Hill Restart in Western AustraliaMineral Resources is restarting activities at its wholly owned Bald Hill lithium mine in Western Australia after a rise in lithium prices. Site work is set to ramp up in late May, with mining and crushing targeted to begin in June. Spodumene concentrate production is anticipated from July, with first shipment planned for the first quarter of FY27 and full capacity targeted for the second quarter of that year. Restarting Bald Hill points to Mineral Resources leaning back into lithium production, with a clear ramp-up timeline that stretches into FY27. Investors may wish to monitor execution risks around the restart schedule, as any delays or cost pressures during commissioning could affect returns from this asset.
New Risk • May 19New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$122m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (AU$122m sold).
Recent Insider Transactions • May 19Founder recently sold AU$122m worth of stockOn the 11th of May, Christopher Ellison sold around 2m shares on-market at roughly AU$69.98 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months.
Major Estimate Revision • May 06Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$5.99b to AU$6.11b. EPS estimate increased from AU$3.79 to AU$4.26 per share. Net income forecast to grow 106% next year vs 34% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$60.66 to AU$64.01. Share price rose 12% to AU$69.30 over the past week.
ナラティブの更新 • Apr 30MIN: Less Severe Revenue Contraction Will Still Restrain Future ReturnsAnalysts have lifted their price target on Mineral Resources from A$21.79 to A$32.52, supported by updated assumptions that point to less pronounced revenue contraction, slightly higher profit margins and a broadly steady forward P/E multiple despite a modestly higher discount rate. Valuation Changes Fair Value: A$21.79 to A$32.52, reflecting a large upward reset in the assessed equity value per share.
ナラティブの更新 • Apr 15MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings MultipleAnalysts have modestly lifted their fair value estimate for Mineral Resources to A$60.29 from A$59.38, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$60.29 compared with A$59.38 previously, reflecting a modest uplift in the modelled estimate.
ナラティブの更新 • Apr 01MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings MultipleAnalysts have trimmed their price target for Mineral Resources slightly to reflect a new fair value estimate of about A$59.38 per share, compared with roughly A$59.85 previously, citing refreshed assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$59.38 per share, slightly below the previous estimate of A$59.85.
ナラティブの更新 • Mar 18MIN: Slightly Higher Fair Value Will Reflect Balanced Profitability And Multiple AssumptionsThe analyst price target for Mineral Resources has been adjusted slightly higher to A$59.85 from A$59.77, with analysts citing updates in profit margin assumptions and valuation multiples as key drivers of the change. Valuation Changes Fair Value: A$59.77 to A$59.85, reflecting a very small upward adjustment in the modelled estimate.
Major Estimate Revision • Mar 10Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 consensus EPS increased from AU$4.18 to AU$4.60. Revenues were reaffirmed at AU$5.99b. Net income forecast to grow 120% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$59.77. Share price fell 9.0% to AU$54.31 over the past week.
ナラティブの更新 • Mar 04MIN: Higher Assessed Fair Value Will Balance Evolving Risks And OpportunitiesAnalysts have increased their price target for Mineral Resources from A$46.58 to A$59.77. This change reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E, which they view as better aligned with the stock’s current risk and earnings profile.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to AU$60.98, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 0x in the Metals and Mining industry in Australia. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$91.00 per share.
New Risk • Feb 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Feb 22First half 2026 earnings: EPS and revenues exceed analyst expectationsFirst half 2026 results: EPS: AU$2.51 (up from AU$4.10 loss in 1H 2025). Revenue: AU$3.05b (up 33% from 1H 2025). Net income: AU$495.0m (up AU$1.30b from 1H 2025). Profit margin: 16% (up from net loss in 1H 2025). Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 108%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
ナラティブの更新 • Feb 18MIN: Refreshed Assumptions Will Support Upside At Stable A$75 Fair ValueAnalysts have maintained their A$75.0 price target for Mineral Resources. Minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions have resulted in a refreshed yet directionally consistent valuation view.
ナラティブの更新 • Feb 04MIN: Bald Hill Sale Process And Iron Ore Strength Will Support UpsideAnalysts have increased their fair value estimate for Mineral Resources from A$68.00 to A$75.00, citing updated assumptions about revenue growth, profit margins and a lower future P/E multiple in their models. What's in the News Mineral Resources is reported to have started a sale process for its Bald Hill lithium mine to help secure funds to reduce debt, with interest expected in either the whole asset or a partial stake (Key Developments).
Price Target Changed • Jan 30Price target increased by 7.3% to AU$54.45Up from AU$50.75, the current price target is an average from 13 analysts. New target price is 11% below last closing price of AU$61.02. Stock is up 70% over the past year. The company is forecast to post earnings per share of AU$2.59 next year compared to a net loss per share of AU$4.59 last year.
Price Target Changed • Jan 24Price target increased by 8.5% to AU$52.18Up from AU$48.08, the current price target is an average from 13 analysts. New target price is 16% below last closing price of AU$62.30. Stock is up 76% over the past year. The company is forecast to post earnings per share of AU$1.99 next year compared to a net loss per share of AU$4.59 last year.
ナラティブの更新 • Jan 21MIN: Bald Hill Sale And Iron Ore Strength Will Support Future UpsideAnalysts have kept their fair value estimate for Mineral Resources steady at A$68.00. Updated assumptions point to higher revenue growth, a slightly lower profit margin, a marginally reduced discount rate and a modestly lower future P/E multiple as the key drivers behind the unchanged price target.
ナラティブの更新 • Jan 06MIN: Bald Hill Sale And High Debt Will Pressure Future ReturnsAnalysts have raised their price target for Mineral Resources from A$15.00 to about A$21.79. They cite updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of this change.
Recent Insider Transactions • Dec 25Independent Non-Executive Director recently sold AU$525k worth of stockOn the 22nd of December, Xi Xi sold around 10k shares on-market at roughly AU$52.45 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$435k more than they sold in the last 12 months.
ナラティブの更新 • Dec 20MIN: Higher Margins And Asset Sale Will Drive Stronger Future UpsideAnalysts have lifted their price target for Mineral Resources from 54.04 dollars to 68.00 dollars, citing expectations of structurally higher profit margins despite moderating revenue growth assumptions and a slightly increased discount rate. What's in the News Mineral Resources has reportedly launched a sale process for its Bald Hill lithium mine, aiming to secure funds to pay down debt through either a full or partial stake sale (Key Developments) Investment banks Standard Chartered and Argonaut Securities are running the Bald Hill sale process, while JPMorgan continues to advise Mineral Resources more broadly on strategic options (Key Developments) Potential bidders are expected to include downstream battery and chemical producers such as LG Chemical and Mitsubishi.
ナラティブの更新 • Dec 06MIN: Bald Hill Sale And Higher Margins Will Balance Future Risks And OpportunitiesAnalysts have raised their price target for Mineral Resources by approximately $1.15 per share, citing slightly higher long term revenue growth expectations, a notable uplift in forecast profit margins, and a lower projected future price to earnings multiple that together support a modestly higher fair value estimate. What's in the News Mineral Resources has reportedly launched a sale process for its Bald Hill lithium mine to help pay down debt, exploring both full and partial stake divestment options (Key Developments).
Buy Or Sell Opportunity • Nov 24Now 20% undervaluedOver the last 90 days, the stock has risen 35% to AU$47.29. The fair value is estimated to be AU$59.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Meanwhile, the company became loss making.
ナラティブの更新 • Nov 22MIN: Asset Sales And Leadership Changes Will Balance Risks And OpportunitiesAnalysts have raised their price target for Mineral Resources from $42.22 to $45.43. They cite improved profit margin projections and a slightly higher discount rate, which more than offset marginally lower anticipated revenue growth.
お知らせ • Nov 12+ 1 more updateMineral Resources Reportedly Launches Sale Process for Bald Hill Lithium MineMineral Resources Limited (ASX:MIN) backed by billionaire Chris Ellison, is understood to have launched the sale of its Bald Hill lithium mine as it moves to secure funds to pay down debt. Market sources say the $8,800 million Perth-based mining group has its investment banking team running what could be a dual-track process for the asset sale, whereby it seeks expressions of interest for the asset as a whole or just part of Bald Hill. Working on the sale are investment banks Standard Chartered and Argonaut Securities, while JPMorgan has been advising Mineral Resources across the board. The investment banks have started reaching out to buyers. Sources say they believe downstream operators and customers such as Korea's LG Chemical and Japan's Mitsubishi would be best placed to buy a stake in the asset and are thought to be looking. The Bald Hill mine was placed into care and maintenance late last year after a strategic review that followed a prolonged period of low lithium prices. MinRes has already weighed up options for other asset sales, including its Wodgina mine, but none of the suitors met its $2,000 million price expectations. Lithium prices have recently rebounded after crashing to low levels this year, but MinRes had been under pressure after posting a $904 million annual loss with $5,400 million of net debt. Sources say the controversial boss, recently under the spotlight over conflicts of interest for intercompany-related transactions, was always a reluctant seller of assets and did not want to raise equity, because it would dilute his stake. A rally in the iron ore price in recent months has alleviated pressure to offload more mines.
ナラティブの更新 • Nov 06MIN: Debt Reduction Efforts And Asset Sales Will Shape Profit OutlookThe analyst price target for Mineral Resources has been raised from $37.51 to $42.22. This reflects analysts' increased optimism due to stronger projected revenue growth and improved profit margins.
Board Change • Nov 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Colin Moorhead was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Oct 31Price target increased by 8.2% to AU$40.59Up from AU$37.51, the current price target is an average from 15 analysts. New target price is 16% below last closing price of AU$48.40. Stock is up 19% over the past year. The company is forecast to post earnings per share of AU$1.04 next year compared to a net loss per share of AU$4.59 last year.
Buy Or Sell Opportunity • Oct 30Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 61% to AU$48.20. The fair value is estimated to be AU$37.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Meanwhile, the company became loss making.
ナラティブの更新 • Oct 22Analysts Lift Mineral Resources Price Target as Asset Sales and Margin Gains Offset Revenue SlowdownMineral Resources' analyst price target has increased modestly from $36.60 to $37.51, as analysts cite improved profit margins offsetting slower revenue growth in their updated outlook. What's in the News Mineral Resources Limited is considering the sale of its lithium mines, including Wodgina, Mt Marion, and Bald Hill, to reduce its $5.3 billion debt pile (Key Developments).
お知らせ • Oct 10Mineral Resources Limited Announces Board and Committee ChangesMineral Resources Limited announced the appointment of Susan Ferrier and Colin Moorhead as Independent Non-Executive Directors effective 10 October 2025. Ms Ferrier and Mr. Moorhead bring decades of leadership experience in mining, finance and professional services, together contributing significant operational, cultural and governance expertise to the Board. Susan Ferrier: Ms Ferrier is an accomplished board director and C-suite executive with more than 30 years of global experience in human resources leadership, cultural transformation and governance across finance and professional services. Between 2019 and 2023, she was Group Executive for People and Culture at National Australia Bank (ASX: NAB) where she led a transformation of the human resources function and was accountable for enterprise- wide culture and leadership programs. For the eight years prior, Ms Ferrier held senior global roles with KPMG International, including Global Head of People, Global Head of Inclusion and Diversity, and Australian Managing Partner for People and Culture. Her career also includes 15 years in the United Kingdom in global and regional roles for major financial services organizations including HSBC, Deutsche Bank and ING. Ms Ferrier currently serves as co-Chair of Jawun, a non-profit organisation supporting economic and social development in Indigenous communities. She is also a board member of Airservices Australia and Sydney Symphony Orchestra, where she chairs their respective Remuneration Committees, and serves on the People and Culture Committee at the University of Sydney. Ms Ferrier holds a Bachelor of Laws and Bachelor of Arts from the University of Sydney and is a member of Chief Executive Women. Colin Moorhead: Mr. Moorhead is a seasoned non-executive director, mining executive and geologist with an extensive track record over 35 years across the mining sector. His career spans exploration, project development and operational leadership in the gold, copper, mineral sands and rare earths sectors. Most recently he was Executive Chair and Managing Director of Xanadu Mines, a copper and gold explorer with projects in Mongolia. Under his leadership, the company was successfully sold earlier this year. As Chief Executive Officer of PT Merdeka Copper Gold from 2016 to 2018, Mr. Moorhead also led the successful development of the Tujuh Bukit gold mine in Indonesia, later being appointed an executive director and then non-executive technical director. Earlier in his career, he spent 28 years at Newcrest Mining Limited (ASX: NCM) 10 of which as an executive, where he was responsible for global exploration and resource development, mine geology and resources and reserves governance. He currently serves as a non-executive director at Ramelius Resources (ASX: RMS), Aeris Resources (ASX: AIS), and VHM Ltd. (ASX: VHM). He is a former president of Australasian Institute of Mining and Metallurgy (AusIMM), a former director of the Australian Minerals Industry Research Association (AMIRA) and a former ex-officio member of the Joint Ore Reserves Committee (JORC). Mr. Moorhead holds a Bachelor of Science (Hons) in Geology and Geophysics from the University of Melbourne and is an alumnus of the Harvard Business School Advanced Management Program. Committee update: Following the appointments, Ms Ferrier will become Chair of the Remuneration and People Committee, and a member of the Nomination Committee. Mr. Moorhead will become Chair of the Technical Committee and a member of the Sustainability Committee. Zimi Meka to retire from the Board: The Company also announces that Non-Executive Director Zimi Meka has advised that, after careful consideration, he will not be standing for re-election at this year's AGM due to his considerable commitments with Ausenco. As a result, he will retire from the Board and cease to be a Director at the conclusion of the Company's Annual General Meeting to be held on 20 November 2025. Mr. Meka has made a significant contribution to the Board including a valued contribution to all Board Committees, chairing the Nominations Committee for the recent appointment of the new Board Chair, and helping guide the Company through a difficult recent period.
Price Target Changed • Oct 09Price target increased by 7.2% to AU$37.29Up from AU$34.79, the current price target is an average from 16 analysts. New target price is 15% below last closing price of AU$43.63. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of AU$0.80 next year compared to a net loss per share of AU$4.59 last year.
ナラティブの更新 • Oct 08Onslow Iron Scale-Up Will Support Global Industrial DemandAnalysts have raised their price target for Mineral Resources from $34.79 to $36.60 per share, citing modest improvements in forecasted revenue growth and profit margins as key drivers for the upward revision. What's in the News Mineral Resources Limited is considering the sale of its West Australian lithium mines, including Wodgina, Mt Marion, and Bald Hill.
お知らせ • Sep 25Mineral Resources Limited, Annual General Meeting, Nov 20, 2025Mineral Resources Limited, Annual General Meeting, Nov 20, 2025.
ナラティブの更新 • Sep 24Onslow Iron Scale-Up Will Support Global Industrial DemandDespite a sharp rise in Mineral Resources' future P/E and a significant drop in net profit margin, the consensus analyst price target has been revised modestly upwards to A$34.79. What's in the News Mineral Resources Limited is considering selling its lithium mines to address a $5.3 billion debt pile after posting a $904 million annual loss.
お知らせ • Sep 06+ 5 more updatesMineral Resources Limited to Report Fiscal Year 2026 Results on Aug 27, 2026Mineral Resources Limited announced that they will report fiscal year 2026 results on Aug 27, 2026
Price Target Changed • Aug 30Price target increased by 9.2% to AU$33.47Up from AU$30.67, the current price target is an average from 15 analysts. New target price is 10% below last closing price of AU$37.40. Stock is down 6.8% over the past year. The company is forecast to post earnings per share of AU$0.47 next year compared to a net loss per share of AU$4.59 last year.
Reported Earnings • Aug 28Full year 2025 earnings released: AU$4.59 loss per share (vs AU$0.64 profit in FY 2024)Full year 2025 results: AU$4.59 loss per share (down from AU$0.64 profit in FY 2024). Revenue: AU$4.69b (down 11% from FY 2024). Net loss: AU$904.0m (down AU$1.03b from profit in FY 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
ナラティブの更新 • Aug 27Onslow Iron And Lithium Operations Will Increase OutputDespite steady revenue growth and a marginal improvement in net profit margin forecasts, the consensus analyst price target for Mineral Resources has been modestly raised to A$31.07. What's in the News Mineral Resources may sell up to 15% of its mining services business, potentially raising $750 million to $1.1 billion.
ナラティブの更新 • Aug 06Onslow Iron And Lithium Operations Will Increase OutputThe upward revision in Mineral Resources’ Analyst Price Target reflects a modest rise in the future P/E ratio alongside a slight decrease in the discount rate, resulting in a new consensus fair value of A$29.91. What's in the News Mineral Resources Limited is considering selling a 10%-15% stake in its mining services business, potentially raising $750 million to $1.1 billion, with alternative options to monetize assets such as its Onslow haul road and Onslow Iron loan receivables.
Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ross Carroll was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Aug 01Consensus EPS estimates upgraded to AU$3.98 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -AU$4.43 to -AU$3.98 per share. Revenue forecast steady at AU$4.42b. Metals and Mining industry in Australia expected to see average net income growth of 16% next year. Consensus price target up from AU$27.10 to AU$29.61. Share price fell 11% to AU$28.59 over the past week.
Price Target Changed • Jul 31Price target increased by 9.3% to AU$29.61Up from AU$27.10, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of AU$28.59. Stock is down 47% over the past year. The company is forecast to post a net loss per share of AU$3.98 compared to earnings per share of AU$0.64 last year.
お知らせ • Jul 07Mineral Resources Limited Announces Board ChangesMineral Resources Limited announced the appointment of Lawrie Tremaine and Ross Carroll as Independent Non-Executive Directors of the MinRes Board effective 7 July 2025. These appointments demonstrate the Board's commitment to renewal, strengthened governance and financial oversight. Together, Mr. Tremaine and Mr. Carroll bring a wealth of executive management, financial, strategic and capital markets expertise gained from senior leadership roles with ASX-listed companies across the resources, energy and mining services sectors. Mr. Tremaine is a distinguished finance executive with more than 35 years' experience in financial and commercial leadership across the mining, mineral processing, manufacturing, and energy sectors, both in Australia and internationally. Most recently, he was Chief Financial Officer (CFO) at Origin Energy for seven years until 2024, where he played a central role in strengthening the balance sheet and guiding capital management. He was previously CFO at Woodside Energy for six years, where he led finance, strategy and commercial functions through major investment decisions. His career also includes 17 years at Alcoa, where he established finance infrastructure across Asia Pacific. Mr. Tremaine currently serves as Chair of MoneyCatcha, a private fintech firm. Mr. Tremaine becomes Chair of the Audit and Risk Committee, Chair of the Sustainability Committee and a member of the Ethics and Governance Committee. Mr. Carroll has over 25 years' leadership, Chief Executive Officer (CEO) and CFO experience across a range of mining, energy and mining services companies, most recently as CEO of Toronto-listed junior miner Commerce Resources. He was CFO at MMG Limited from 2015 to 2024. During his tenure, he strengthened the company's balance sheet, drove operational efficiencies and led major acquisitions, including the USD 1.9 billion Khoemacau copper mine in Botswana. Between 2012 and 2015, he was CEO of Macmahon Holdings, guiding the mining services contractor through a period of asset divestment and cost reduction. He is also a former CFO of Woodside Energy and previously held a variety of leadership positions in finance and business development at BHP for more than 18 years. Mr. Carroll assumes the position of Chair of the Ethics and Governance Committee and becomes a member of the Audit and Risk Committee and Technical Committee. With the appointments of Mr. Tremaine and Mr. Carroll, the Ethics and Governance Committee will now consist of Mr. Carroll (Chair), Independent Non-Executive Board Chair Malcolm Bundey, Mr. Tremaine and Independent Non-Executive Director Justin Langer. Independent Non-Executive Director Xi Xi stepped down as Chair of the Audit and Risk Committee, with that Committee now consisting of Mr. Tremaine (Chair), Ms Xi, Mr. Carroll and Mr. Bundey. Independent Non-Executive Director Colleen Hayward stepped down from the Audit and Risk Committee, a role she has been involved in since May 2023, and continues in roles on the Remuneration and People Committee and the Sustainability Committee.
お知らせ • Jun 30Yilgarn Iron Investments Pty Ltd acquired Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN).Yilgarn Iron Investments Pty Ltd acquired Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN) on June 30, 2025. As part of the acquisition, Yilgarn Iron Investments Pty Ltd has acquired all shares in Yilgarn Iron Pty Ltd, as well as other tenements and land interests across the Yilgarn Hub, associated approvals, licences, entitlements and fixed assets and will be responsible for and indemnifies MinRes against all environmental, closure and rehabilitation liabilities in relation to Yilgarn Hub assets. Following the acquisition, MinRes has retained all gold and lithium rights on tenements within the Yilgarn Hub. Yilgarn Iron Investments Pty Ltd completed the acquisition of Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN) on June 30, 2025.
お知らせ • May 12An undisclosed buyer acquired an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd.An undisclosed buyer acquired an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd on May 12, 2025. An undisclosed buyer completed the acquisition of an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd on May 12, 2025.
お知らせ • Apr 25Mineral Resources Reportedly Explores Sale of Bald Hill Lithium MineFurther speculation has surfaced in the market about asset sales being explored by Mineral Resources Limited (ASX:MIN), with the latest being its $1 billion Bald Hill lithium mine in Western Australia's Goldfields region. DataRoom understands that Mineral Resources adviser JPMorgan may have been quietly courting suitors that could be keen to buy the asset that Chris Ellison's Mineral Resources has outlaid about $1 billion on in terms of investment. However, the mine was placed into care and maintenance late last year following a strategic review on the back of a prolonged period of low lithium prices. DataRoom reported this month that Mineral Resources quietly launched a sale process for its Wodgina lithium operation late last year and has tested the market for an equity raising. This was as bonds for MinRes had started trading at a discount of 10c-15c in the dollar amid volatile market conditions that had weakened bond prices generally as investors search for liquidity. MinRes now says it has no plans to sell Wodgina, suggesting that interest from the groups it approached, such as South Korea's LG Chemical and other Japanese trading houses and car manufactures like Mitsubishi, did not offer an adequate price. Broker consensus estimates for the 50% interest in Wodgina are around $2.2 billion and offers were understood to have come in lower than that.
お知らせ • Mar 24Mineral Resources Limited Announces Onslow Iron Haulage Operations ResumeMineral Resources Limited advised haulage operations resumed on the Onslow Iron dedicated haul road on the evening of 21 March 2025. The resumption followed constructive discussions with WorkSafe WA regarding controls and risk mitigation. The previously announced works program to upgrade the haul road continues on schedule for completion in Q1 FY26. Transhipper four, MinRes Rosily, also commenced operations at the Port of Ashburton on 22 March 2025, increasing Onslow Iron's transhipping capacity to 28 million tonnes per annum. FY25 Onslow Iron volume guidance is maintained.
お知らせ • Mar 21Mineral Resources Limited Provides Update on Onslow Iron Haulage OperationsMineral Resources Limited advised that haulage on the Onslow Iron haul road has been temporarily paused while the Company engages with WorkSafe WA on their notice issued on 18 March 2025 relating to controls and risk-mitigation of the road train operations. MinRes reported to WorkSafe WA that the rear two trailers of a road train had tipped onto their side on the haul road on 17 March 2025. The prime mover and first trailer remained upright, and the operator was not injured. The cause of the incident is under internal investigation. Haulage is continuing via contractor vehicles using alternative routes, and MinRes transhippers will continue to load ocean-going vessels during this period. MinRes has strengthened controls and traffic management on the haul road and currently expects to resume haul road operations without impacting FY25 Onslow Iron volume guidance.
Price Target Changed • Feb 20Price target decreased by 7.8% to AU$39.55Down from AU$42.89, the current price target is an average from 17 analysts. New target price is 53% above last closing price of AU$25.83. Stock is down 58% over the past year. The company is forecast to post a net loss per share of AU$4.18 compared to earnings per share of AU$0.64 last year.
Reported Earnings • Feb 19First half 2025 earnings released: AU$4.10 loss per share (vs AU$2.82 profit in 1H 2024)First half 2025 results: AU$4.10 loss per share (down from AU$2.82 profit in 1H 2024). Revenue: AU$2.29b (down 8.9% from 1H 2024). Net loss: AU$809.0m (down 247% from profit in 1H 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Feb 19Consensus EPS estimates fall by 203%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$4.44b to AU$4.52b. Forecast EPS reduced from -AU$1.64 to -AU$4.98 per share. Metals and Mining industry in Australia expected to see average net income growth of 22% next year. Consensus price target down from AU$43.64 to AU$42.73. Share price fell 6.5% to AU$30.50 over the past week.
新しいナラティブ • Feb 02Onslow Iron's Ramp-Up And Cost Reductions Will Improve Operational Efficiency Solid liquidity position and cash flow from Onslow Iron support future growth and potential for debt reduction, enhancing net margins and earnings.
Major Estimate Revision • Jan 31Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$1.41 to -AU$1.83 per share. Revenue forecast unchanged at AU$4.51b. Metals and Mining industry in Australia expected to see average net income growth of 17% next year. Consensus price target broadly unchanged at AU$43.65. Share price was steady at AU$35.93 over the past week.
お知らせ • Dec 19Hancock Prospecting Pty Ltd completed the acquisition of Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN).Hancock Prospecting Pty Ltd agreed to acquire Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN) on October 31, 2024. As per the transaction, Hancock Prospecting Pty Ltd has also entered into two joint venture agreements over MinRes’ remaining onshore Perth Basin and Carnarvon Basin exploration acreage. The total consideration paid by Hancock Prospecting Pty Ltd for the agreements are AUD 1.13 billion. Hancock Prospecting Pty Ltd completed the acquisition of Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN) on December 18, 2024. Hancock Prospecting Pty Ltd has received receipt of initial consideration of $780 million.
お知らせ • Dec 03+ 3 more updatesMineral Resources Limited to Report First Half, 2025 Results on Feb 18, 2025Mineral Resources Limited announced that they will report first half, 2025 results on Feb 18, 2025
Major Estimate Revision • Nov 01Consensus EPS estimates fall by 18%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$4.46b to AU$4.52b. Forecast EPS reduced from -AU$0.28 to -AU$0.332 per share. Metals and Mining industry in Australia expected to see average net income growth of 24% next year. Consensus price target down from AU$50.01 to AU$48.91. Share price rose 9.7% to AU$39.40 over the past week.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to AU$39.55, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total loss to shareholders of 3.8% over the past three years.
Major Estimate Revision • Oct 02Consensus EPS estimates fall by 439%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$0.03 to -AU$0.163 per share. Revenue forecast unchanged at AU$4.56b. Metals and Mining industry in Australia expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at AU$52.46. Share price rose 32% to AU$51.61 over the past week.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 34%After last week's 34% share price gain to AU$49.14, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$91.97 per share.
お知らせ • Sep 25Morgan Stanley Infrastructure Inc. acquired 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) for AUD 1.3 billion.Morgan Stanley Infrastructure Inc. agreed to acquire 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) for AUD 1.3 billion on June 5, 2024. A cash consideration of AUD 1.1 billion will be paid by Morgan Stanley Infrastructure Inc. Morgan Stanley Infrastructure Inc. will pay an earnout/contingent payment of AUD 200 million cash, subject to to achieving a 35Mtpa run rate for any quarter before 30 June, 2026. The completion is expected in the second half of 2024. JPMorgan Chase & Co. acted as financial advisor for Mineral Resources Limited. David John & David Ryan of Herbert Smith Freehills LLP acted as legal advisor for Mineral Resources Limited. Emin Altiparmak, Igor Bogdanich, Wendy Rae, David Couper, Matthew Whittle, David Donnelly, David McLeish, Eve Lynch and Penny Nikoloudis of Allens advised Morgan Stanley Infrastructure. As of September 10, 2024, The transaction has been approved by the Foreign Investment Review Board, all conditions precedent are satisfied and completion of the transaction is due to occur within 15 business days. Morgan Stanley Infrastructure Inc. completed the acquisition of 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) on September 25, 2024.
Major Estimate Revision • Sep 21Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$4.71b to AU$4.59b. Now expected to report a loss of AU$0.025 per share instead of AU$0.121 per share profit previously forecast. Metals and Mining industry in Australia expected to see average net income growth of 29% next year. Consensus price target down from AU$54.36 to AU$52.91. Share price fell 4.3% to AU$36.70 over the past week.
Major Estimate Revision • Sep 12Consensus EPS estimates increase by 54%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from AU$0.109 to AU$0.169. Revenue forecast steady at AU$4.71b. Net income forecast to shrink 228% next year vs 34% growth forecast for Metals and Mining industry in Australia . Consensus price target broadly unchanged at AU$54.07. Share price rose 18% to AU$38.02 over the past week.
Price Target Changed • Sep 09Price target decreased by 7.1% to AU$54.72Down from AU$58.93, the current price target is an average from 17 analysts. New target price is 80% above last closing price of AU$30.40. Stock is down 56% over the past year. The company is forecast to post earnings per share of AU$0.11 for next year compared to AU$0.64 last year.
Recent Insider Transactions Derivative • Sep 08Founder exercised options to buy AU$3.4m worth of stock.On the 31st of August, Christopher Ellison exercised options to buy 112k shares at a strike price of around AU$41.65, costing a total of AU$4.7m. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since September 2023, Christopher's direct individual holding has increased from 22.47m shares to 22.89m. Company insiders have collectively bought AU$4.7m more than they sold, via options and on-market transactions, in the last 12 months.
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to AU$36.17, the stock trades at a forward P/E ratio of 159x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total loss to shareholders of 27% over the past three years.
Price Target Changed • Aug 30Price target decreased by 9.2% to AU$58.58Down from AU$64.50, the current price target is an average from 17 analysts. New target price is 46% above last closing price of AU$40.15. Stock is down 44% over the past year. The company is forecast to post earnings per share of AU$0.014 for next year compared to AU$0.64 last year.
Price Target Changed • Aug 29Price target decreased by 7.1% to AU$61.06Down from AU$65.73, the current price target is an average from 17 analysts. New target price is 50% above last closing price of AU$40.61. Stock is down 43% over the past year. The company is forecast to post a net loss per share of AU$0.084 compared to earnings per share of AU$0.64 last year.
Reported Earnings • Aug 29Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: AU$0.64 (down from AU$1.27 in FY 2023). Revenue: AU$5.75b (up 20% from FY 2023). Net income: AU$125.0m (down 49% from FY 2023). Profit margin: 2.2% (down from 5.1% in FY 2023). Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Aug 29Consensus EPS estimates fall by 85%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.069 to AU$0.011 per share. Revenue forecast steady at AU$4.92b. Net income forecast to shrink 38% next year vs 24% growth forecast for Metals and Mining industry in Australia . Consensus price target down from AU$65.73 to AU$63.85. Share price fell 4.0% to AU$44.18 over the past week.
Major Estimate Revision • Jul 29Consensus EPS estimates increase by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$4.73b to AU$4.81b. EPS estimate increased from AU$1.95 to AU$2.67 per share. Net income forecast to shrink 33% next year vs 24% growth forecast for Metals and Mining industry in Australia . Consensus price target down from AU$69.10 to AU$66.68. Share price was steady at AU$54.00 over the past week.
Buy Or Sell Opportunity • Jul 01Now 41% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to AU$54.94. The fair value is estimated to be AU$93.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 27% per annum over the same time period.
Buy Or Sell Opportunity • Jun 21Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to AU$55.76. The fair value is estimated to be AU$72.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 26% per annum over the same time period.
Major Estimate Revision • Apr 25Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$4.79b to AU$4.73b. EPS estimate also fell from AU$2.88 per share to AU$2.58 per share. Net income forecast to grow 45% next year vs 28% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$69.48. Share price was steady at AU$68.82 over the past week.
New Risk • Apr 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (33% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.9% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
お知らせ • Mar 20Mineral Resources Limited (ASX:MIN) entered into binding heads of agreement to acquire Lake Johnston Project from Poseidon Nickel Limited (ASX:POS) for AUD 15 million.Mineral Resources Limited (ASX:MIN) entered into binding heads of agreement to acquire Lake Johnston Project from Poseidon Nickel Limited (ASX:POS) for AUD 15 million on March 18, 2024. Consideration comprises of AUD 1 million non-refundable cash payment, AUD 6.5 million payable on completion of a formal sale and purchase agreement and AUD 7.5 million deferred payment (payable 12 months after completion). The transaction is conditional upon completion of legal due diligence on the sale assets to the reasonable satisfaction of Mineral Resources, the Parties entering into an assignment deed with the relevant parties in respect of the Ngadju Native Title Agreement on terms acceptable to Poseidon Nickel and the consent of the Minister for Mines and Petroleum being obtained under the Mining Act for the transfer of all the rights and obligations in respect of the tenements. The transaction will provide Poseidon with the funding to execute Mineral Resources' strategy which includes an exploration focus targeting high-grade nickel discoveries, continuing with reduced care and maintenance activities at Black Swan (to conserve funds) and pursuing new opportunities. The transaction is expected to close within thirty days of execution of the binding heads of agreement.
Major Estimate Revision • Feb 28Consensus EPS estimates increase by 124%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$4.79b to AU$4.89b. EPS estimate increased from AU$1.38 to AU$3.09 per share. Net income forecast to grow 50% next year vs 29% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$66.43. Share price rose 8.8% to AU$64.61 over the past week.
Declared Dividend • Feb 23First half dividend reduced to AU$0.20Dividend of AU$0.20 is 83% lower than last year. Ex-date: 1st March 2024 Payment date: 26th March 2024 Dividend yield will be 1.4%, which is lower than the industry average of 5.1%.
Reported Earnings • Feb 22First half 2024 earnings released: EPS: AU$2.76 (vs AU$2.06 in 1H 2023)First half 2024 results: EPS: AU$2.76 (up from AU$2.06 in 1H 2023). Revenue: AU$2.51b (up 7.0% from 1H 2023). Net income: AU$537.3m (up 38% from 1H 2023). Profit margin: 21% (up from 17% in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Board Change • Feb 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jacqui McGill was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Jan 26Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$5.02b to AU$4.95b. EPS estimate also fell from AU$2.92 per share to AU$2.54 per share. Net income forecast to grow 93% next year vs 17% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$69.25. Share price was steady at AU$59.39 over the past week.
