Jefferies cuts target for Mineral Resources stock to AUD 55.00

Published on 10/13/2026 at 02:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached AUD 6.50 billion, up 44.00 percent. Jefferies set an AUD 55.00 target for Mineral Resources stock on October 12, 2026.

Key points in brief

Jefferies cut its Mineral Resources price target to AUD 55.00 on October 12, 2026.
Fiscal 2026 revenue reached AUD 6.50 billion, up 44.00 percent year over year.
Underlying EBITDA rose 183.00 percent to AUD 2.60 billion in fiscal 2026.
The next earnings date is October 22, 2026, according to current market coverage.

Mineral Resources, AU000000MIN4, Illustration mit AI erstellt.

On October 12, 2026, Moomoo reported that Jefferies cut its price target for Mineral Resources to AUD 55.00. The move gives the stock a fresh valuation reference after a record fiscal 2026 operating performance.

Target cut meets record earnings

Yahoo Finance reported that Mineral Resources generated record revenue of AUD 6.50 billion in fiscal 2026, an increase of 44.00 percent from fiscal 2025. Underlying EBITDA reached AUD 2.60 billion, up 183.00 percent year over year.

The earnings quality also improved across the operating portfolio. Mining services delivered underlying EBITDA of AUD 976.00 million in fiscal 2026, up 32.00 percent from fiscal 2025, while underlying net profit after tax reached AUD 822.00 million compared with a loss in fiscal 2025.

Balance sheet remains central

LinkedIn coverage cited fiscal 2026 free cash flow of AUD 849.00 million and a reduction in net debt of AUD 1.10 billion to AUD 4.30 billion. Net debt to underlying EBITDA fell from 5.90 times to 1.70 times, giving the earnings recovery a clearer balance sheet backdrop.

Mineral Resources also reinstated a fully franked dividend of AUD 0.83 per share for fiscal 2026. The combination of stronger earnings, lower leverage and renewed shareholder distributions helps explain why broker views remain divided around the valuation.

What comes next for the stock?

Simply Wall St lists October 22, 2026 as the next earnings date. That event should put operating momentum, lithium pricing and the pace of deleveraging back at the center of the valuation debate.

Mineral Resources is listed on the ASX under ticker MIN and operates across mining services, iron ore and lithium. The company had a market capitalization of AUD 9.4 billion as of October 12, 2026, while its 52-week range stood at AUD 40.50 to AUD 74.94.

The further course of trading is shown by the continuously updated real-time quote of Mineral Resources stock.