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| Name | Symbol | Market | Type |
|---|---|---|---|
| Mineral Resources Ltd (PK) | USOTC:MALRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.2245 | -1.05% | 21.22 | 20.78 | 21.72 | 21.80 | 21.18 | 21.80 | 29,358 | 21:02:44 |
From Jan 2020 to Jan 2025
2352 GMT [Dow Jones] Iron-ore miner and engineering contractor Mineral Resources (MIN.AU) climbs 4% to A$4.83 Friday, reflecting the hat trick of good news provided to shareholders at its annual meeting this week. Mineral Resources said it has won a contract to provide mining services to Rio Tinto's (RIO) Nammuldi pit in Western Australia; it plans to launch a A$30 million share buyback; and anticipates FY16 Ebitda of between A$250 million-A$290 million. That profit forecast was much stronger than Deutsche Bank was expecting, and prompted the broker to lift its price target by 12% to A$7.50/share. Deutsche expects Mineral Resources's annual Ebitda to total A$255 million, compared with an earlier forecast for A$149 million. It retains a buy call on the stock. (david.winning@wsj.com; @dwinningWSJ)
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 19, 2015 19:08 ET (00:08 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1 Year Mineral Resources (PK) Chart |
1 Month Mineral Resources (PK) Chart |
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