Professional
Added to YB: 2024-07-18
Pitch date: 2024-06-30
MIN.AX [bullish]
Mineral Resources Limited
-3.9%
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 54.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
40.76
P/E
-2.95
EV/Sales
1.82
Sector
Metals and Mining
Category
value
L1 Capital Catalyst Fund Portfolio Holding: Mineral Resources Limited
MIN.AX: Lithium spodumene price -15% due to new supply, impacting stock -24%. Still attractive valuation, underpinned by Mining Services division. Catalysts: Onslow Iron ore ramp-up to boost scale/competitiveness, de-leveraging post A$1.1b Onslow Haul Road 49% sale. Bullish 12-month outlook despite commodity weakness.
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