UBS keeps AUD 72.00 target for Mineral Resources stock

Published on 10/17/2026 at 20:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mineral Resources fell 19.00 percent in 2026. Mineral Resources stock stood at AUD 44.67 on October 16, 2026, up 0.65 percent on the day on ASX.

UBS target and price position

UBS maintained a Buy rating and an AUD 72.00 target for Mineral Resources on October 8, 2026.
Mineral Resources fell 19.00 percent in 2026 by October 16, 2026.
Mineral Resources stock last stood at AUD 44.67 on ASX on October 16, 2026 at 4:10 p.m. AEDT, up 0.65 percent versus the ASX prior close of October 15, 2026.
Mineral Resources had a P/E ratio of 8.37 and a market capitalization of AUD 8.8 billion on October 16, 2026.

Mineral Resources, AU000000MIN4, Illustration mit AI erstellt.

UBS maintained a Buy rating and an AUD 72.00 target for Mineral Resources on October 8, 2026, according to Markets Insider. The target lies 61.18 percent above the company's last ASX price. Mineral Resources (ISIN AU000000MIN4) last stood at AUD 44.67 on ASX on October 16, 2026 at 4:10 p.m. AEDT, up 0.65 percent versus the ASX prior close of October 15, 2026.

Year-to-date decline sets the tone

Mineral Resources had fallen 19.00 percent in 2026 by October 16, 2026, according to The Motley Fool Australia. That decline leaves the UBS target 61.18 percent above the latest ASX price, a large gap that makes the broker view more relevant than the modest daily move.

Price position on October 16

The ASX range was AUD 43.84 to AUD 45.00 on October 16, 2026. The latest price stood 10.30 percent above the 52-week low of AUD 40.50 and 40.39 percent below the 52-week high of AUD 74.94. Trading volume reached 1,747,521 shares against an average of 1,161,934 shares.

Valuation and peer comparison

Mineral Resources had a market capitalization of AUD 8.8 billion and a P/E ratio of 8.37 on October 16, 2026. Its trailing dividend yield was 0.02 percent. The company operates mining services, iron ore and lithium businesses, including projects in Western Australia.

Comparison with peers

Mineral Resources (ASX, AUD): plus 0.65 percent, P/E 8.37, market capitalization AUD 8.8 billion

BHP (ASX, AUD): plus 3.50 percent, P/E 21.61, market capitalization AUD 305.1 billion

Rio Tinto (ASX, AUD): plus 1.46 percent, P/E 12.33, market capitalization AUD 224.8 billion

Price levels frame the next move

The stock's 52-week position remains more important than the small daily gain: the latest price was AUD 4.17 above the yearly low and AUD 30.27 below the yearly high on October 16, 2026. The UBS target offers a separate valuation reference, while the peer comparison shows Mineral Resources at a lower P/E ratio than BHP and Rio Tinto.