Mineral Resources: Sell-off beyond lithium volatility

About the author:

Adrian Prendergast
Author name:
By Adrian Prendergast
Job title:
Senior Analyst
Date posted:
02 June 2023, 7:30 AM
Sectors Covered:
Mining, Energy

  • Mineral Resources' (ASX:MIN) share price has remained under pressure from continuing China growth s, sensitive being mid investment/capex phase. And we do see some short-term risk with our FY23 earnings estimate sitting below consensus.
  • Being the operator of the majority of its assets affords MIN the ability for optimal capex phasing, while some bears assume MIN might turn to equity.
  • We maintain an ADD rating with a (login to view) target price.

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