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Mineral Resources 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 in Australian dollars. Mineral Resources has a trailing 12-month revenue of around $3.6 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Mineral Resources
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- 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.
- 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. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- 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.
- Check on your investment. Congratulations, you own a part of Mineral Resources. Optimise your portfolio by tracking how your stock and 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 affect your stock.
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What's in this guide?
- Mineral Resources key stats
- Compare share trading platforms
- Is Mineral Resources stock a buy or sell?
- Mineral Resources performance over time
- Are Mineral Resources shares over-valued?
- Mineral Resources's financials
- How volatile are Mineral Resources shares?
- Does Mineral Resources pay a dividend?
- Other common questions
Mineral Resources stock price (ASX:MIN)
Use our graph to track the performance of MIN stocks over time.Mineral Resources shares at a glance
Information last updated 2022-06-21.
| 52-week range | $36.95 - $66.88 |
|---|---|
| 50-day moving average | $58.0114 |
| 200-day moving average | $51.2329 |
| Target price | $68.19 |
| PE ratio | 12.0887 |
| Dividend yield | $1.75 (5.69%) |
| Earnings per share (TTM) | $4.079 |
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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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. However, this is not a recommendation. 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.
Mineral Resources price performance over time
Historical closes compared with the last close of A$49.42
| 1 week (2022-06-21) | 0.22% |
|---|---|
| 1 month (2022-05-27) | -19.37% |
| 3 months (2022-03-28) | 0.43% |
| 6 months (2021-12-24) | -10.13% |
| 1 year (2021-06-28) | -4.02% |
|---|---|
| 2 years (2020-06-26) | 135.11% |
| 3 years (2019-06-28) | 229.91% |
| 5 years (2017-06-28) | 411.59% |
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 12x. In other words, Mineral Resources shares trade at around 12x 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 $1.2 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 financials
| Revenue TTM | $3.6 billion |
|---|---|
| Operating margin TTM | 26.88% |
| Gross profit TTM | $3.3 billion |
| Return on assets TTM | 11.61% |
| Return on equity TTM | 27.41% |
| Profit margin | 21.65% |
| Book value | 15.345 |
| Market capitalisation | $9.3 billion |
TTM: trailing 12 months
Mineral Resources share dividends
Dividend payout ratio: 46.17% of net profits
Recently Mineral Resources has paid out, on average, around 46.17% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.69% 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 5.69% return on their shares, in the form of dividend payments. In Mineral Resources's case, that would currently equate to about A$1.75 per share.
While Mineral Resources's payout ratio might seem fairly standard, it's worth remembering that Mineral Resources may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 17 August 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 $36.95 up to $66.88. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Mineral Resources's is 1.2562. This would suggest that Mineral Resources's shares are more volatile than the average for this exchange and represent, relatively speaking, a 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 commodities on behalf of tenement owners; and provides specialist parts to the mining, quarrying, and recycling industries. 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 Osborne Park, Australia.
Mineral Resources in the news
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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