Mineral Resources (MIN) Stock Overview
Together with subsidiaries, provides mining services in Australia, China, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
MIN Community Fair Values
Create NarrativeSee what 153 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Mineral Resources Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$54.32 |
| 52 Week High | AU$74.94 |
| 52 Week Low | AU$37.15 |
| Beta | 1.11 |
| 1 Month Change | -19.17% |
| 3 Month Change | -23.24% |
| 1 Year Change | 41.35% |
| 3 Year Change | -21.76% |
| 5 Year Change | 16.47% |
| Change since IPO | 4,664.91% |
Recent News & Updates
Recent updates
Narrative Update • Sep 08
MIN: Elevated P/E Will Remain Vulnerable Despite Recent Neutral Rating Upgrade
Analysts have raised the fair value estimate for Mineral Resources from about A$39.82 to A$41.85, reflecting an updated A$60 price target and a shift to a more neutral stance after the recent share price decline. They view this decline as bringing the stock closer to fair valuation.
Narrative Update • Aug 25
MIN: Future Upside Will Depend On Delivering At Onslow Iron
Analysts have reduced their fair value estimate for Mineral Resources by A$5 to A$82 per share, citing updated assumptions on the discount rate, revenue growth, profit margins and a higher future P/E, and also noting recent valuation-based upgrades on the stock. What’s in the News for Mineral Resources Mineral Resources shares recorded a 72.7% share price move over the year to August 2026, with performance linked in reports to lithium market stabilisation and operational outcomes.Narrative Update • Aug 11
MIN: Lithium Expansion Risks Will Pressure Already Rich P/E Despite Recent Rating Upgrade
Analysts have lifted their fair value estimate for Mineral Resources from about A$38.50 to about A$39.80, reflecting updated assumptions on valuation and recent Street research that includes an upgrade to Neutral with a A$60 price target. What’s in the News for Mineral Resources Analysts updated fair value assumptions for Mineral Resources, which aligns with recent Street research coverage on the stock.Narrative Update • Jul 24
MIN: Lithium Expansion And Technical Weakness Will Pressure Already Rich P/E
Analysts have trimmed their price target on Mineral Resources to A$38.50 from A$40.24, reflecting slightly higher discount rate assumptions and marginal adjustments to revenue growth, profit margin and future P/E inputs in their valuation models. What’s in the News for Mineral Resources Macmahon Underground signed a A$355m mining services contract for the Mt Marion lithium operation in Western Australia, following Mineral Resources' final investment decision in May 2026 to expand Mt Marion with underground mining and a flotation plant.Narrative Update • Jul 10
MIN: Cost Pressures And Lithium Uncertainty Will Curb Rich P/E Outlook
Analysts have modestly lifted their fair value estimate for Mineral Resources from A$38.79 to A$40.24, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What’s in the News for Mineral Resources Mineral Resources is among Australian lithium producers restarting previously idled lithium mines as lithium market conditions improve, according to recent sector reports.Narrative Update • Jun 26
MIN: Higher Fair Value Will Rely On Execution At Onslow Iron
Analysts have raised their price target on Mineral Resources from A$75.00 to A$87.00, citing updated assumptions related to discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News for Mineral Resources Mineral Resources has resumed operations at the Bald Hill lithium mine, supported by a record half-year across its lithium and iron ore businesses.
Narrative Update • Jun 11
MIN: Fair Value Will Reflect Lithium Expansion And Balanced Earnings Assumptions
Analysts have raised their price target on Mineral Resources from A$60.29 to A$68.90. This reflects updated assumptions around revenue growth, profit margins and the stock's future P/E multiple.Narrative Update • May 28
MIN: Richer P/E And Weaker Margins Will Limit Future Upside
Analysts have lifted their price target for Mineral Resources from A$32.52 to A$38.79, citing updated assumptions on discount rates, revenue trends, profit margins and future P/E that contribute to a higher assessed fair value. Valuation Changes Fair Value: raised from A$32.52 to A$38.79, reflecting a higher assessed valuation per share.Narrative Update • Apr 30
MIN: Less Severe Revenue Contraction Will Still Restrain Future Returns
Analysts 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.Narrative Update • Apr 15
MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings Multiple
Analysts 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.Narrative Update • Apr 01
MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings Multiple
Analysts 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.Narrative Update • Mar 18
MIN: Slightly Higher Fair Value Will Reflect Balanced Profitability And Multiple Assumptions
The 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.Narrative Update • Mar 04
MIN: Higher Assessed Fair Value Will Balance Evolving Risks And Opportunities
Analysts 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.Narrative Update • Feb 18
MIN: Refreshed Assumptions Will Support Upside At Stable A$75 Fair Value
Analysts 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.Narrative Update • Feb 04
MIN: Bald Hill Sale Process And Iron Ore Strength Will Support Upside
Analysts 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).Narrative Update • Jan 21
MIN: Bald Hill Sale And Iron Ore Strength Will Support Future Upside
Analysts 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.Narrative Update • Jan 06
MIN: Bald Hill Sale And High Debt Will Pressure Future Returns
Analysts 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.Narrative Update • Dec 20
MIN: Higher Margins And Asset Sale Will Drive Stronger Future Upside
Analysts 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.Narrative Update • Dec 06
MIN: Bald Hill Sale And Higher Margins Will Balance Future Risks And Opportunities
Analysts 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).Narrative Update • Nov 22
MIN: Asset Sales And Leadership Changes Will Balance Risks And Opportunities
Analysts 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.Narrative Update • Nov 06
MIN: Debt Reduction Efforts And Asset Sales Will Shape Profit Outlook
The 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.Narrative Update • Oct 22
Analysts Lift Mineral Resources Price Target as Asset Sales and Margin Gains Offset Revenue Slowdown
Mineral 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).Narrative Update • Oct 08
Onslow Iron Scale-Up Will Support Global Industrial Demand
Analysts 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.Narrative Update • Sep 24
Onslow Iron Scale-Up Will Support Global Industrial Demand
Despite 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.Narrative Update • Aug 27
Onslow Iron And Lithium Operations Will Increase Output
Despite 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.Narrative Update • Aug 06
Onslow Iron And Lithium Operations Will Increase Output
The 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.
New Narrative • Feb 02
Onslow 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.Shareholder Returns
| MIN | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -13.6% | -6.5% | -2.9% |
| 1Y | 41.3% | 30.0% | -3.7% |
Return vs Industry: MIN exceeded the Australian Metals and Mining industry which returned 30% over the past year.
Return vs Market: MIN exceeded the Australian Market which returned -3.7% over the past year.
Price Volatility
| MIN volatility | |
|---|---|
| MIN Average Weekly Movement | 5.5% |
| Metals and Mining Industry Average Movement | 11.0% |
| Market Average Movement | 9.5% |
| 10% most volatile stocks in AU Market | 16.5% |
| 10% least volatile stocks in AU Market | 3.8% |
Stable Share Price: MIN has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: MIN's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 7,266 | Chris Ellison | www.mineralresources.com.au |
Mineral Resources Limited, together with subsidiaries, provides mining services in Australia, China, and internationally. It operates through Mining Services, Iron Ore, Lithium, Energy, and Other segments. The company offers mining services contractors, and trades in mining services; pit-to-ship solutions to the resources sectors; design and construction of mineral processing facilities; transport and logistics services comprising supply chain, road haulage, autonomous road train, and transshipping services; manufacturing of equipment and parts for the mining industry; rehabilitation services; and engineering and construction services.
Mineral Resources Limited Fundamentals Summary
| MIN fundamental statistics | |
|---|---|
| Market cap | AU$10.68b |
| Earnings (TTM) | AU$1.06b |
| Revenue (TTM) | AU$6.46b |
10.1x
P/E Ratio1.7x
P/S RatioIs MIN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MIN income statement (TTM) | |
|---|---|
| Revenue | AU$6.46b |
| Cost of Revenue | AU$649.00m |
| Gross Profit | AU$5.81b |
| Other Expenses | AU$4.75b |
| Earnings | AU$1.06b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Oct 22, 2026
| Earnings per share (EPS) | 5.39 |
| Gross Margin | 89.96% |
| Net Profit Margin | 16.42% |
| Debt/Equity Ratio | 108.6% |
How did MIN perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield15%
Payout RatioDoes MIN pay a reliable dividends?
See MIN dividend history and benchmarks| Mineral Resources dividend dates | |
|---|---|
| Ex Dividend Date | Sep 08 2026 |
| Dividend Pay Date | Sep 30 2026 |
| Days until Ex dividend | 9 days |
| Days until Dividend pay date | 13 days |
Does MIN pay a reliable dividends?
See MIN dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/16 23:32 |
| End of Day Share Price | 2026/09/16 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mineral Resources Limited is covered by 25 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dale Koenders | Barrenjoey Markets Pty Limited |
| James Williamson | Bell Potter |
| Kate McCutcheon | BofA Global Research |