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How to buy Mineral Resources (MIN) shares in Australia

Learn how to easily invest in Mineral Resources shares.

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 $4.9 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Mineral Resources

To buy shares listed in Australia such as Mineral Resources, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

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 2024-02-27.
52-week range$52.52 - $89.4605
50-day moving average $61.948
200-day moving average $65.4945
Target price$66.55
PE ratio 33.4767
Dividend yield $0.9 (1.39%)
Earnings per share (TTM) $1.93

Compare share trading platforms

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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$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
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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$67.85

1 week (2024-02-23) 8.87%
1 month (2024-02-02) 14.84%
3 months (2023-12-01) 11.96%
6 months (2023-09-01) -5.95%
1 year (2023-03-02) -24.64%
2 years (2022-03-02) 47.82%
3 years (2021-03-02) 76.14%
5 years (2019-03-01) 353.54%

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 33x. In other words, Mineral Resources shares trade at around 33x recent earnings.

That's comparable to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14).

Mineral Resources's EBITDA

Mineral Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.3 billion (£695 million).

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

Mineral Resources financials

Revenue TTM $4.9 billion
Operating margin TTM 14.21%
Gross profit TTM $4.4 billion
Return on assets TTM 2.98%
Return on equity TTM 9.95%
Profit margin 7.93%
Book value 20.355
Market capitalisation $12.6 billion

TTM: trailing 12 months

Mineral Resources share dividends

99%

Dividend payout ratio: 98.52% of net profits

Recently Mineral Resources has paid out, on average, around 98.52% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.39% 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 1.39% return on their shares, in the form of dividend payments. In Mineral Resources's case, that would currently equate to about A$0.9 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 29 February 2024 (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 $52.52 up to $89.4605. A popular way to gauge a stock's volatility is its "beta".

MIN.AU volatility(beta: 1.26)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Mineral Resources's is 1.26. 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 company in Australia, Asia, and internationally. It operates through five segments: Mining Services, Iron Ore, Lithium, Energy, and Other Commodities. The company offers contract crushing, screening, and processing; specialized mine services, including materials handling, plant and equipment hire and maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services for resources sector. It also manages the processing, production, logistics, ship loading, marketing, and export of 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 holds interests in the Mount Marion and Wodgina lithium projects located in Western Australia. Mineral Resources Limited was founded in 1993 and is based in Osborne Park, Australia.

Frequently asked questions

  1. EOD price data and company information for Mineral Resources accessed 01 Mar 2024
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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