Macquarie keeps Buy rating for Mineral Resources stock

Published on 10/05/2026 at 00:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached AUD 6.5 billion, up 44 percent. Mineral Resources stock has an AUD 74.00 target versus AUD 66.01 consensus.

Mineral Resources, AU000000MIN4, Illustration mit AI erstellt.

Mineral Resources (AU000000MIN4) had its Buy rating maintained by Macquarie with an AUD 74.00 price target in a report published October 1, 2026, according to Markets Insider. The target compares with an AUD 66.01 average analyst target cited in the same report.

Macquarie target stays above consensus

The rating arrives after a sharp fiscal turnaround. Mineral Resources generated record revenue of AUD 6.5 billion in fiscal 2026, up 44 percent from fiscal 2025, while underlying EBITDA reached AUD 2.6 billion, up 183 percent.

According to Yahoo Finance, underlying NPAT was AUD 822 million in fiscal 2026, compared with an underlying loss of AUD 112 million in fiscal 2025. Mining services contributed record underlying EBITDA of AUD 976 million, up 32 percent from fiscal 2025.

Cash flow supports the recovery

The balance sheet also improved during fiscal 2026. Net debt fell by AUD 1.1 billion to AUD 4.3 billion, while operating cash flow reached AUD 2.6 billion and represented 102 percent cash conversion on underlying EBITDA, according to Yahoo Finance.

The company also declared a fully franked AUD 0.83 per share dividend for fiscal 2026, equal to a 20 percent payout of underlying NPAT. Management guided fiscal 2027 mining services production to 370 million to 390 million tons, a 9 percent to 14 percent increase from the fiscal 2026 result.

Next earnings date is October 22

Mineral Resources joined the S&P/ASX 50, according to MarketScreener on September 20, 2026. Its next earnings release is scheduled for October 22, 2026, according to MarketScreener.

Prior close was EUR 31.57

The prior close at Lang & Schwarz was EUR 31.57 on October 2, 2026. Mineral Resources is listed on the ASX under MIN, giving the stock a direct link to the Australian diversified mining complex and its lithium, iron ore and mining services exposure.