In a report released today, Rahul Anand from Morgan Stanley maintained a Buy rating on Mineral Resources Limited, with a price target of A$49.00. The company’s shares closed last Monday at $24.90.
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Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, BHP Group Ltd, and South32. According to TipRanks, Anand has an average return of 9.5% and a 55.38% success rate on recommended stocks.
Currently, the analyst consensus on Mineral Resources Limited is a Hold with an average price target of $22.41, implying a -10.00% downside from current levels. In a report released on October 1, Bell Potter also maintained a Buy rating on the stock with a A$49.00 price target.
The company has a one-year high of $37.26 and a one-year low of $9.30. Currently, Mineral Resources Limited has an average volume of 486.
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