Mineral Resources (ASX:MIN) is anticipated to again downgrade its fiscal 2025 guidance for Onslow iron ore project shipments and associated mining services contracts, according to a Wednesday note by Jarden Research.
The Onslow project shipped around 3.7 metric tonnes (mt) in the March quarter, about 25% below consensus forecasts of 4.9 mt. The company's fiscal year-to-date shipments for the first three quarters are estimated at 8.3 mt, the investment and advisory firm said.
Jarden's forecasts are about 13% below the midpoint and 11% below the lower bound of the company's revised fiscal guidance of 8.8 to 9.3 mt, which was already lowered from the initial guidance of 10.5 to 11.7 mt.
The firm lifted Mineral Resources' rating to underweight from sell but lowered its price target to AU$16.20 from AU$20.
Mineral Resources shares fell nearly 7% in afternoon trade Friday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。