MINERAL RESOURCES LIMITED (MIN)
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MIN

MIN - MINERAL RESOURCES LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 6.72
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Mineral Resources is an Australian diversified mining services company. Its operations include construction, crushing and transport services. It has been a listed company since 2006. Key operations involve iron ore and lithium.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$58.23

14 Apr
2026

0.670

OPEN

$59.19

1.16%

HIGH

$59.43

1,184,677

LOW

$56.90

TARGET
$68.00 16.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . CIA . DRR . FEX . FMG . GEN . GRR . MGX .
FNARENA'S MARKET CONSENSUS FORECASTS
MIN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 458.9 382.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 15.2 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/03 - ex-div 20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-458.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx4,472.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,648.9
Net Operating Cash Flow xxxxxxxxxxxxxxx-475.0 M
Net Profit Margin xxxxxxxxxxxxxxx-20.21 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-26.70 %
Return on Invested Capital xxxxxxxxxxxxxxx-10.45 %
Return on Assets xxxxxxxxxxxxxxx-7.48 %
Return on Equity xxxxxxxxxxxxxxx-26.70 %
Return on Total Capital xxxxxxxxxxxxxxx1.08 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2,505.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx317 M
Long Term Debt xxxxxxxxxxxxxxx5,445 M
Total Debt xxxxxxxxxxxxxxx5,762 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx443 M
Price To Book Value xxxxxxxxxxxxxxx1.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx2,156.0 M
Capex % of Sales xxxxxxxxxxxxxxx48.21 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,065 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,308 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx153 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

27/03/2026

1

Buy

$66.00

13.34%

UBS continues to view there is an attractive "risk-reward" in lithium and the possibility of another upcycle, as the Middle East conflict supports EV demand.

There are ongoing lithium deficits, with scope for further tightening driven by higher EV and battery storage demand, with US$4,000/t spodumene expected by the end of 2026 or early 2027.

Mineral Resources remains a key pick with a Buy rating and $66 target price.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 433.00 cents.
UBS forecasts a full year FY27 dividend of 298.00 cents and EPS of 693.00 cents.

Morgan Stanley

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Login above or Get a Free Trial

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

13/04/2026

5

Sell

$22.00

-62.22%

Jarden previews the March quarter production report from Mineral Resources, increasing near-term cost assumptions to reflect disruptions to the fuel supply.

The broker notes the ceasefire between the US and Iran is fragile, conditional and temporary, and even when the Strait of Hormuz fully opens the disruption will have already drawn down reserves, repriced supply chains and embedded future cost inflation across the mining sector that may never unwind.

Mineral Resources is the most exposed name in Jarden's coverage to diesel security and cost inflation. The assumed restart of Bald Hill is brought forward by two years given enduring strength in spodumene concentrate prices. Sell rating retained with target unchanged at $22.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 274.00 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 161.00 cents.
Access Extra Coverage Research History >

MIN STOCK CHART

FNArena News on MIN

1
Breakout Opportunity In Mineral Resources

Apr 14 2026 - Technicals
2
Australian Broker Call *Extra* Edition – Apr 13, 2026

Apr 13 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Apr 09, 2026

Apr 09 2026 - Daily Market Reports
4
Material Matters: Oil, Gold, Lithium & Aluminium

Apr 02 2026 - Commodities
5
Weekly Ratings, Targets, Forecast Changes – 27-03-26

Mar 30 2026 - Weekly Reports

Latest Iron Ore News

1
Breakout Opportunity In Mineral Resources

Apr 14 2026 - Technicals
2
Fortescue Shares Finding Technical Support

Nov 18 2025 - Technicals
3
Risk Has Shifted To More Upside For MinRes

Oct 16 2025 - Technicals
4
Mineral Resources Shares Targeting $45

Sep 10 2025 - Technicals
5
Can Champion Iron Deliver On Growth Projects?

Aug 06 2025 - Commodities
6
Execution Remains Key For Mineral Resources

Aug 01 2025 - Commodities
7
Iron Ore Worries Overshadow Fortescue’s FY26

Jul 28 2025 - Australia
8
Bargain Hunters Interest For Champion Iron?

May 08 2025 - Technicals
9
Positive Reversal For Fortescue

May 06 2025 - Technicals
10
Fortescue: Quo Vadis The Dividend?

Feb 24 2025 - Commodities