Morgan Stanley analyst Rahul Anand maintained a Buy rating on Mineral Resources Limited (MALRF – Research Report) today and set a price target of A$83.00. The company’s shares closed last Tuesday at $44.20.
Anand covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals Limited, Iluka Resources Limited, and IGO. According to TipRanks, Anand has an average return of 10.1% and a 57.86% success rate on recommended stocks.
Mineral Resources Limited has an analyst consensus of Hold, with a price target consensus of $46.81, implying a 5.91% upside from current levels. In a report released on May 14, Macquarie also maintained a Buy rating on the stock with a A$78.00 price target.
MALRF market cap is currently $10.3B and has a P/E ratio of 40.91.
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Mineral Resources Limited (MALRF) Company Description:
Mineral Resources Ltd. engages in mining and processing of mineral properties. It operates through the following segments: Mining Services and Processing; Mining; and Central. It offers contract crushing, infrastructure, and recovery of base metals concentrate. The company was founded on February 27, 2006 and is headquartered in Perth, Australia.
