MS sees volume upside for Australia's MinRes post haul road completion; shares rise

Mineral Resources

30/09/2025 01:18

** Shares of Mineral Resources MIN.AX are up 2.5 % at A$41.99 as of 0007 GMT

    ** MIN outperforms the ASX 200 Materials (Industry Group) subindex .AXMAJD by 5.6% in the past month

    ** Morgan Stanley says road works completion and strong August performance at the Perth-headquartered firm's Onslow Iron project are positive indicators

** Adds, consensus volume forecasts face upgrades from FY27, with their estimates ~5% above nameplate capacity, potentially reaching up to 10% higher

** ~239.74 thousand shares traded, ~9.9 % of their 30-day moving avg

** 3 of 14 analysts rate the stock "buy", 3 "hold" and 8 "sell" or lower; their median PT is A$34 – LSEG data

** As of the previous close, stock had risen 19.59 % YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))