Credit Suisse rates MIN as Outperform (1) -
Mineral Resources is reportedly considering a US listed spin off of its lithium division, which Credit Suisse believes could realise the value of the division.
The broker believes Mineral Resources' four divisions of Services, Iron Ore, Lithium and Gas have traded for the price of the lithium division alone, and expects a lithium spin off could see shares re-rate by as much as $90 per share.
Credit Suisse estimates the lithium operations as a standalone could demand a $122 per share price.
Credit Suisse rates MIN as Outperform (1) - Mineral Resources is...
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Last
$62.37 |
Change
-0.740(1.17%) |
Mkt cap ! $12.22B | |||
| Open | High | Low | Value | Volume |
| $63.00 | $63.12 | $62.33 | $40.76M | 651.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 360 | $62.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $62.49 | 1723 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$62.48 |
Change
-0.740 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| $62.90 | $63.11 | $62.34 | 38791 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| MIN (ASX) Chart |