Mineral Resources Ltd (ASX: MIN)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $35.00 price target on this mining and mining services company's shares. The broker remains positive on this beaten down mining stock due largely to its mining services business. It feels the market is undervaluing this segment and believes it alone is worth $5 billion. And while Morgan Stanley acknowledges that there are balance sheet concerns, it sees plenty of opportunities for the company to strengthen it if necessary. This includes a partial sale of the aforementioned mining services business. The Mineral Resources share price is fetching $20.67 at the time of writing.
Mineral Resources Ltd (ASX: MIN)A note out of Morgan Stanley...
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Last
$20.86 |
Change
0.380(1.86%) |
Mkt cap ! $4.069B | |||
| Open | High | Low | Value | Volume |
| $20.95 | $21.36 | $20.58 | $19.42M | 930.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 935 | $20.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.88 | 469 | 3 |
View Market Depth
| Last trade - 11.41am 24/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |