Earnings Alerts

Mineral Resources (MIN) Earnings: 4Q Iron Ore Shipments Reach 4.81M WMT, Up 6.1% Q/Q

  • Total iron ore shipments for the 4th quarter were 4.81 million wet metric tonnes (wmt), an increase of 6.1% compared to the previous quarter.
  • Mining services volumes for the 4th quarter reached 61 million tons, a decrease of 12% from the previous quarter.
  • Mt Marion shipments of attributable spodumene concentrate were 95,000 dry metric tonnes (dmt), rising by 25% quarter-over-quarter.
  • Wodgina shipments of attributable spodumene concentrate totaled 62,000 dmt, a decline of 3.1% from the previous quarter.
  • Bald Hill shipments of spodumene concentrate were 32,000 dmt, showing a 23% increase quarter-over-quarter.
  • For the year, total iron ore shipments amounted to 18.08 million wmt, an increase of 3.4% year-over-year.
  • Annual mining services volumes reached 269 million tons, up by 8.5% year-over-year.
  • Investment recommendations for the company currently stand at 10 buys, 4 holds, and 3 sells.

Mineral Resources on Smartkarma

Analyst coverage of Mineral Resources on Smartkarma reveals positive sentiment towards the company’s potential for growth. Business Breakdowns, in their report titled “Mineral Resources: Unearthing Value – EP.172,” highlights the founder-led diversified infrastructure and mining business’s significant growth trajectory since its IPO. The report underscores the importance of the infrastructure segment, “Infraco,” in driving the company’s success. Fraser Christie from TDM Growth Partners discusses the mineral resources sector, emphasizing the company’s promising outlook for expansion. The CEO’s optimism about the company’s growth potential to surpass its current size indicates a bullish sentiment among analysts.


A look at Mineral Resources Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Mineral Resources Ltd., a company providing contract crushing services to the mining industry in Australia, has a mix of scores according to Smartkarma Smart Scores. With a Value score of 3, the company seems reasonably priced compared to its peers. In terms of Dividend and Resilience, Mineral Resources scores a 2, indicating moderate performance in these areas. However, with a Growth score of 3 and Momentum score of 3, the company shows potential for future expansion and positive market sentiment. Overall, the company seems positioned for moderate growth and stability in the long term.

Mineral Resources Ltd. focuses on servicing gold, iron ore, tantalum, and coal companies in Australia. With a balanced set of Smartkarma Smart Scores, the company appears to have a solid foundation for future performance. Investors looking for a company with growth potential and market momentum may find Mineral Resources an intriguing prospect. While not excelling in any particular area, the company’s overall outlook suggests a stable long-term position within the mining industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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