Mineral Resources Bull Pleased With 3Q Production Result -- Market Talk
Dow Jones
Apr 30
0152 GMT - Mineral Resources reports a "constructive quarter that de-risks delivery despite near-term disruption," says RBC Capital Markets analyst Kaan Peker. Volumes are softer on quarter, but that is largely explained by weather and the timing of shipments, he says. Annual volume guidance is upgraded across Onslow, lithium and mining services, Peker notes. "More importantly, lithium pricing was strong (marginally beat), and these added volumes are being delivered into a strong market, driving earnings upside and accelerating deleveraging," he says. RBC has an outperform rating and A$65.00 target on Mineral Resources. Shares are up 6.3% at A$65.77. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 29, 2026 21:52 ET (01:52 GMT)
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