In a report released today, Lachlan Shaw from UBS upgraded Mineral Resources Limited (MALRF – Research Report) to a Buy, with a price target of A$28.60. The company’s shares closed last Wednesday at $13.30.
According to TipRanks, Shaw is a 3-star analyst with an average return of 2.0% and a 52.80% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Mineral Resources Limited, and Pilbara Minerals Limited.
In addition to UBS, Mineral Resources Limited also received a Buy from RBC Capital’s Kaan Peker in a report issued on March 10. However, on March 9, Citi maintained a Hold rating on Mineral Resources Limited (Other OTC: MALRF).
The company has a one-year high of $54.07 and a one-year low of $12.44. Currently, Mineral Resources Limited has an average volume of 633.
Read More on MALRF:
- Norges Bank Acquires Substantial Stake in Mineral Resources Limited
- Change in Substantial Holder’s Interests at Mineral Resources Limited
- Mineral Resources Limited Announces Change in Substantial Shareholder Interests
- Vanguard Group Acquires Substantial Stake in Mineral Resources Limited
- JPMorgan Reduces Stake in Mineral Resources Ltd
