MIN is an iron ore and lithium mining giant with a current market cap of $9.5bn. Due to the former component, this stock comes with the added attraction of an almost 5% fully franked yield. The stock does feel “stretched” having rallied fourfold since 2020 hence from a risk / reward perspective we like the stock ~$42 which may coincide with our anticipated kick up in the $US.
MM likes MIN ~$42
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