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

$54.34

05 Feb
2026

-1.310

OPEN

$54.88

-2.35%

HIGH

$56.34

1,229,395

LOW

$53.59

TARGET
$62.333

+1.58 change from previous day

 14.7% 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 - 458.9 279.9 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 18.5 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
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Sentiment Indicator

0.4

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

02/02/2026

1

Upgrade to Outperform from Neutral

$70.00

28.82%

The highlight of Mineral Resources' December quarter report was production beats across key assets, driving a reduction in net debt to $4.9bn, Macquarie points out. 

The broker notes improved lithium asset performance underpinned higher production guidance, while Onslow continues to push capacity limits. 

FY26 EPS forecast lifted by 30%, with further upgrades of 28-67% in FY27-30 following portfolio-wide assumption changes. Target rises to $70 from $56 on earnings upgrades plus a lift in valuation multiples to 8x from 6.5x.

Rating upgraded to Outperform from Neutral.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 201.70 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of 136.40 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx, xxxx xxxx

$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

29/01/2026

5

Sell

$21.70

-60.07%

Jarden highlights another strong operating quarter, with meaningful balance sheet repair as net debt fell by around -$450m to $4.9bn and a further circa $1.0bn post-tax inflow expected from the POSCO lithium JV, assuming conditions precedent are met.

Lithium guidance was upgraded by  around 17% at both Wodgina and Mt Marion following a strong 1H, with Jarden lifting FY26 forecasts again and flagging potential restarts, including opportunistic running of three concentrators at Wodgina and a Bald Hill restart study.

Onslow continued to perform at nameplate, with shipments and costs beating expectations, while lithium price realisations again led the sector.

The analyst lifts FY26 earnings (EBITDA) forecasts by 6%. Target rises to $21.70 from $20. No change to Sell rating.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 308.80 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 100.00 cents.
Access Extra Coverage Research History >

MIN STOCK CHART

FNArena News on MIN

1
Australian Broker Call *Extra* Edition – Feb 03, 2026

Feb 03 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 30-01-26

Feb 02 2026 - Weekly Reports
3
Rudi’s View: February Favourites & Avoids

Jan 29 2026 - Rudi's View
4
Australian Broker Call *Extra* Edition – Jan 15, 2026

Jan 15 2026 - Daily Market Reports
5
Rudi’s View: Best Buys & Favourites For 2026

Dec 24 2025 - Rudi's View

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