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

$70.81

28 May
2026

-0.160

OPEN

$69.98

-0.23%

HIGH

$71.95

1,079,129

LOW

$69.75

TARGET
$75.30

+2.10 change from previous day

 6.3% 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 - 458.9 388.9 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 18.9 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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

04/05/2026

2

Downgrade to Accumulate from Buy

$67.00

-5.38%

Mineral Resources delivered March quarter volumes in iron ore, lithium and mining services that exceeded Ord Minnett's expectations. Realised prices for its commodities also were ahead of estimates.

FY26 volume guidance has been upgraded for the Onslow iron ore and Wodgina and Mount Marion lithium divisions.

The company reports the mining services division has a positive outlook for several years, with two external contracts recently renewed, although the increased cost of diesel means costs in the June quarter will trend towards the top end of guidance.

Ord Minnett calculates a unit cost impact of -$4-7/t on the iron ore operations and -$60/t on the lithium business. Rating is downgraded to Accumulate from Buy on valuation while the target is lifted to $67 from $65.

Morgans

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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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

25/05/2026

5

Sell

$27.00

-61.87%

Jarden maintains a Sell rating for Mineral Resources with its target price increased to $27.00 from $22.50 following a site visit to the Wodgina operation.

Commentary posits operating execution and consistency have improved under a refreshed board, yielding better financial outcomes and corporate governance.

Balance sheet repair is well progressed following the recent refinancing of US unsecured notes, which extended the tenor, lowered facility costs, and removed an iron-ore prepayment.

Favourable lithium market conditions alongside ongoing supply disruptions support a longer-term persistence of incentive prices, prompting material upgrades to near-term spodumene price assumptions.

Despite incorporating optimisation projects at Wodgina and Mt Marion into valuation models, the Sell rating is retained due to a lack of valuation support, the broker explains.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 325.50 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 322.50 cents.
Access Extra Coverage Research History >

MIN STOCK CHART

FNArena News on MIN

1
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May 27 2026 - Commodities
2
Material Matters: Fertiliser, Nickel & Met Coal

May 26 2026 - Commodities
3
Australian Broker Call *Extra* Edition – May 25, 2026

May 25 2026 - Daily Market Reports
4
Next Week At A Glance – 25-29 May 2026

May 22 2026 - Weekly Reports
5
Rudi’s View: Focus On El Nino

May 21 2026 - Rudi's View

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