Professional
Added to YB: 2025-06-09
Pitch date: 2025-03-31
MIN.AX [neutral]
Mineral Resources Limited
+115.71%
current return
Author Info
No bio for this author
Company Info
Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, Asia, and internationally.
Market Cap
AUD 3.6B
Pitch Price
AUD 24.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
40.76
P/E
-2.95
EV/Sales
1.82
Sector
Metals and Mining
Category
turnaround
PM Capital Australian Companies Fund Portfolio Holding: Mineral Resources Limited
MIN.AX (holding update): Declined on Onslow iron ore project delays due to haul road repairs/upgrades. Higher capex & production delays increased net debt, sparking dilution fears. At current commodity prices, capital raise unlikely. Holding both equity (negative contributor) & 2028 senior debt (positive contributor).
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