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Mineral Resources Limited

ASX:MIN Stock Report

Market Cap: AU$11.7b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Mineral Resources Dividends and Buybacks

Dividend criteria checks 0/6

Mineral Resources is a dividend paying company with a current yield of 1.46%. Next payment date is on 30th September, 2026 with an ex-dividend date of 8th September, 2026.

Key information

1.5%

Dividend yield

n/a

Buyback Yield

Total Shareholder Yieldn/a
Future Dividend Yield2.9%
Dividend Growth8.7%
Next dividend pay date30 Sep 26
Ex dividend date08 Sep 26
Dividend per sharen/a
Payout ratio15%

Recent dividend and buyback updates

Recent updates

User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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).
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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).
User avatar
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.
User avatar
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.
User avatar
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).
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.
User avatar
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.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: MIN is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.

Growing Dividend: MIN is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.


Dividend Yield vs Market

Mineral Resources Dividend Yield vs Market
How does MIN dividend yield compare to the market?
SegmentDividend Yield
Company (MIN)1.5%
Market Bottom 25% (AU)2.7%
Market Top 25% (AU)6.2%
Industry Average (Metals and Mining)4.0%
Analyst forecast (MIN) (up to 3 years)2.9%

Notable Dividend: MIN's dividend (1.46%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.74%).

High Dividend: MIN's dividend (1.46%) is low compared to the top 25% of dividend payers in the Australian market (6.23%).


Earnings Payout to Shareholders

Earnings Coverage: MIN is not paying a notable dividend for the Australian market.


Cash Payout to Shareholders

Cash Flow Coverage: MIN is not paying a notable dividend for the Australian market.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 08:32
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 24 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dale KoendersBarrenjoey Markets Pty Limited
James WilliamsonBell Potter
Kate McCutcheonBofA Global Research

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