Mineral Resources Ltd (ASX: MIN)
Morgans thinks that investors should be buying this mining and mining services company's shares while they are down in the dumps.
And while it acknowledges that Onslow Iron Ore shipments have been downgraded this week, it remains positive. Particularly given that there is a pathway to significant capacity in the future. It said:
FY25 Onslow shipments guidance downgraded by ~8%. Onslow targeted unit FOB costs increased to A$/wmt (previously A$45/wmt) and MIN has outlined the potential pathway to a ~38Mtpa capacity in the near future. We rate MIN an ADD with a A$26ps TP (previously A$23ps).
Morgans has an add rating and $26.00 price target on the ASX 200 blue chip share. This suggests that upside of 14% is possible from current levels.
Mineral Resources Ltd (ASX: MIN)Morgans thinks that investors...
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Last
$23.68 |
Change
0.230(0.98%) |
Mkt cap ! $4.653B | |||
| Open | High | Low | Value | Volume |
| $23.15 | $24.23 | $22.95 | $87.47M | 3.688M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | $23.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.78 | 325 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |