** Shares of Australia's Mineral Resources MIN.AX rise 8.5% to A$23.81, set for their strongest trading session since December 10, 2024, if gains hold
** Analysts at UBS upgrade stock recommendation to "buy" from "sell"
** Brokerage upgrades earnings estimates on co by 6% and 45% for FY26 and FY27, respectively
** UBS says the lithium miner had adequately addressed concerns pertaining to governance issues surrounding founder Chris Ellison
** Adds that Mineral Resources is pricing in $80 a ton iron ore and $1,300 a ton spodumene, meaning that if sport prices prevail, the broker sees fair value of MinRes shares at A$32.30
** Stock down 30.8%, YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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