Macquarie rates MIN as Outperform

Following an announcement by Mineral Resources of a Port and Rail Agreement with Hancock Prospecting and Roy Hill Holdings, Macquarie sees potential to develop the Marillana project. An infrastructure pathway is now potentially provided into Port Hedland.

The analyst doesn’t currently factor-in development of Marillana into the base case. The $72 target price and Outperform rating are maintained.

Sector: Materials.
Target price is $72.00.Current Price is $44.99. Difference: $27.01 – (brackets indicate current price is over target). If MIN meets the Macquarie target it will return approximately 38% (excluding dividends, fees and charges – negative figures indicate an expected loss).