MIN bounced +6.8% on Wednesday taking it back to the middle of its 2026 trading range – it’s not “cheap” but that’s for a reason. MIN delivered a strong result in February, with earnings beating expectations as margins improved across the business, particularly in mining services although it didn’t “pop” on the result having run hard for the last nine months. High debt levels has kept many investors away from MIN but they’re deleveraging has progressed significantly, moving from risks of a capital raise to putting the company on track to reinstate dividends earlier than previously expected, potentially by 1H27.
Ironically this is the highest beta stock of the four looked at today, currently with marked on Bloomberg as ~1.8x yet its hasn’t been overly volatile through March. We believe MIN offers great risk/reward as it executes well in one of our preferred spaces for 2026.
- We can see MIN testing the $70 area in 2026, around 20% higher.
MM is bullish toward MIN around $58
Add To Hit List
