Mineral Resources stock rating upgraded by UBS on lithium price outlook

Investing.com - UBS has upgraded Mineral Resources Limited (ASX:MIN) (OTC:MALRF) from Sell to Buy and raised its price target to AUD40.40 from AUD37.40.

The upgrade follows UBS’s revised lithium price forecast, which reflects expectations for strict execution of Chinese mining right investigations and resulting supply disruption.

UBS analyst Lachlan Shaw maintained other operational assumptions for Mineral Resources while integrating the revised price forecasts into the firm’s models.

The updated outlook has led to significant earnings per share (EPS) forecast increases of 51% for FY26, 40% for FY27, and 41% for FY28.

Mineral Resources operates in the mining services and commodities sectors, with significant exposure to lithium markets that are expected to benefit from the anticipated supply constraints in China.

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