Jefferies cuts Mineral Resources' PT, says operational gains largely priced in
29/07/2026 21:47
BUZZ-Jefferies cuts Mineral Resources' PT, says operational gains largely priced in ** Jefferies cut its price target on Australia's Mineral Resources MIN.AX to A$60 from A$65, while maintaining a "hold" rating
** Brokerage says miner's strong operational performance and improving balance sheet are already reflected in the current share price
** Jefferies says fiscal 2026 production finished largely above upgraded third-quarter guidance, highlighting latent production capacity across Mineral Resources' iron ore and lithium assets
** Seven of 13 analysts rate the stock "buy" or higher, five "hold" and one "sell" or lower; their median PT is A$68.00, according to data compiled by LSEG
** Stock has risen 2.3% this year, as of last close
(Reporting by Roshan Thomas in Bengaluru)
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Brief: Mineral Resources Limited Sees FY27 Capex A$1.4B (Total Capex)