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. Its last market close was $24.95 – a decrease of 8.1% over the previous week. Mineral Resources has a trailing 12-month revenue of around $2.1 billion.
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 Australian Securities Exchange (ASX). Our table below can help you choose.
- 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.
- 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. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $24.95, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- 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.
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
How has coronavirus impacted Mineral Resources's share price?
Since the stock market crash in March caused by coronavirus, Mineral Resources's share price has had significant positive movement.
Its last market close was $24.95, which is 23.01% up on its pre-crash value of $19.21 and 106.03% up on the lowest point reached during the March crash when the shares fell as low as $12.11.
If you had bought $1,000 worth of Mineral Resources shares at the start of February 2020, those shares would have been worth $767.95 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,519.46.
Mineral Resources share priceUse our graph to track the performance of MIN stocks over time.
Mineral Resources shares at a glance
|Latest market close||AUDA$24.95|
|52-week range||AUDA$12.11 - AUDA$30.19|
|50-day moving average||AUDA$27.8563|
|200-day moving average||AUDA$20.5301|
|Dividend yield||AUDA$1 (3.68%)|
|Earnings per share (TTM)||AUDA$5.33|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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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.
Mineral Resources price performance over time
|1 week (2020-09-11)||-8.10%|
|1 month (2020-08-18)||-13.46%|
|3 months (2020-06-18)||26.27%|
|6 months (2020-03-18)||78.60%|
|1 year (2019-09-18)||76.95%|
|2 years (2018-09-18)||64.58%|
|3 years (2017-09-18)||50.66%|
|5 years (2015-09-18)||464.48%|
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 5x. In other words, Mineral Resources shares trade at around 5x 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 $627.9 million (£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||$2.1 billion|
|Operating margin TTM||19.95%|
|Gross profit TTM||$1.8 billion|
|Return on assets TTM||6.8%|
|Return on equity TTM||54.53%|
|Market capitalisation||$5.1 billion|
TTM: trailing 12 months
Mineral Resources share dividends
Dividend payout ratio: 10.13% of net profits
Recently Mineral Resources has paid out, on average, around 10.13% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.68% 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 3.68% return on their shares, in the form of dividend payments. In Mineral Resources's case, that would currently equate to about A$1 per share.
While Mineral Resources's payout ratio might seem low, this can signify that Mineral Resources is investing more in its future growth.
The latest dividend was paid out to all shareholders who bought their shares by 24 August 2020 (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 $12.11 up to $30.19. 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 0.8771. This would suggest that Mineral Resources's shares are less volatile than average (for this exchange).
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.
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