How to buy Mineral Resources shares

Mineral Resources Limited is an other industrial metals & mining business based in Australia. Mineral Resources shares (MIN) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Mineral Resources has a trailing 12-month revenue of around $2.7 billion.

How to buy shares in Mineral Resources

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Mineral Resources. Find the share by name or ticker symbol: MIN. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mineral Resources reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Mineral Resources. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Is it a good time to buy Mineral Resources stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Is Mineral Resources under- or over-valued?

Valuing Mineral Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mineral Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Mineral Resources's P/E ratio

Mineral Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Mineral Resources shares trade at around 11x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Mineral Resources's EBITDA

Mineral Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.1 billion (£0.0 million).

The EBITDA is a measure of a Mineral Resources's overall financial performance and is widely used to measure a its profitability.

Mineral Resources share dividends

Dividend payout ratio: 60.82% of net profits

Recently Mineral Resources has paid out, on average, around 60.82% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.53% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mineral Resources shareholders could enjoy a 5.53% return on their shares, in the form of dividend payments. In Mineral Resources's case, that would currently equate to about A$1.77 per share.

Mineral Resources's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 15 February 2021 (the "ex-dividend date").

Mineral Resources share price volatility

Over the last 12 months, Mineral Resources's shares have ranged in value from as little as $12.65 up to $41.3. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Mineral Resources's is 1.2462. This would suggest that Mineral Resources's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Mineral Resources overview

Mineral Resources Limited, together with subsidiaries, operates as a mining services and processing company in Australia, China, and Singapore. It operates through three segments: Mining Services, Commodities, and Central. The company offers contract crushing, screening, processing, and specialist mining services; mine services, including materials handling, plant and equipment hire, plant and equipment maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services in the resources sector. It also manages the processing, production, logistics, ship loading, marketing, and export of resource products on behalf of tenement owners. In addition, the company has a portfolio of iron ore assets; and owns interests in the Mount Marion and Wodgina lithium projects located in Western Australia. The company was founded in 1993 and is based in Applecross, Australia.

Frequently asked questions

• What percentage of Mineral Resources is owned by insiders or institutions?

  Currently 16.596% of Mineral Resources shares are held by insiders and 24.746% by institutions.

• When does the fiscal year end for Mineral Resources?

  Mineral Resources's fiscal year ends in June.

• Where is Mineral Resources based?

  Mineral Resources's address is: 1 Sleat Road, Applecross, WA, Australia, 6153

• What is Mineral Resources's ISIN number?

  Mineral Resources's international securities identification number is: AU000000MIN4