Citi sees positives in Mineral Resources quarterly report

Mineral Resources

29/04/2025 22:16

** Citi analysts are upbeat on Australia's Mineral Resources' MIN.AX third quarter production report

** "March cash generation from lithium... ruling out of a capital raise.. are positive from MIN's Q3 report" - Citi

** Brokerage firm however says cost forecast for miner's Onslow is 'conservative'

** "Base case remains that MIN refinances US$500m of the 2027 bonds" - Citi

** Keeps target price unchanged at A$20 apiece

** Nine of 16 analysts rate the stock "buy" or higher, six "hold" and one "sell" or lower; their median PT is A$26.10 – LSEG data

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))