Jefferies bumps MinRes PT on strong Q1; yet flags balance sheet still a grind

Mineral Resources

30/10/2025 20:12

** Analysts at Jefferies lift PT on Australia's  Mineral Resources MIN.AX to A$27.50 from A$25; keep stock rating unchanged at "underperform"

** Brokerage says Q1 was a strong operational quarter across iron ore and lithium segments which demonstrated the potential within MIN's asset base

** Flags gearing remains elevated; adds board appointments post quarter-end supports a transition in governance practices with co

** Jefferies says balance sheet pressure remains and absent asset sales would take several years for net debt to unwind

** Four of 14 analysts rate the stock "buy"; four rate it "hold" while six have a "sell" or lower rating - according to data from LSEG

** Stock up 40.7% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))