Professional
Added to YB: 2024-10-10
Pitch date: 2024-09-30
MIN.AX [bullish]
Mineral Resources Limited
+3.31%
current return
Author Info
No bio for this author
Company Info
Mineral Resources Limited, together with subsidiaries, provides mining services in Australia, Asia, and internationally.
Market Cap
AUD 10.2B
Pitch Price
AUD 50.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.63
P/E
-11.34
EV/Sales
3.58
Sector
Metals and Mining
Category
growth
L1 Long Short Fund Limited Portfolio Holding: Mineral Resources Limited
MIN.AX: Long +30%. Iron ore price rebound +8% on Chinese stimulus. A$1.3b Onslow Haul Road sale completed. Position increased at ~$30/share (now $52). Approaching inflection: Onslow Iron Ore ramp-up, mining services volumes up. $1b EBITDA from services. 1,000kt spodumene concentrate potential. All segments poised for medium-term improvement.
Read full article (1 min)