Mineral Resources Bear Exits Following Stock Price Slump -- Market Talk

Dow Jones11-22 05:48

2147 GMT - The sharp sell-off in Mineral Resources's share price since early October prompts Citi to upgrade the stock to neutral, from sell. Still, analyst Kate McCutcheon thinks there will be limited interest from incremental buyers. That's because Mineral Resources faces several headwinds including ongoing governance concerns. Uncertainty remains around Mineral Resources's senior leadership team, and the company's lithium ventures are either marginally profitable or loss-making, Citi says. Also, the companyfaces internal and external investigations. "For holders looking for the positives, Mineral Resources's assets have not fundamentally changed," Citi says. Mineral Resources is down some 37% from its recent peak on Oct. 7. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 21, 2024 16:48 ET (21:48 GMT)

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Also, the companyfaces internal and external investigations. \"For holders looking for the positives, Mineral Resources's assets have not fundamentally changed,\" Citi says. Mineral Resources is down some 37% from its recent peak on Oct. 7. 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Still, analyst Kate McCutcheon thinks there will be ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7504","symbol_name":"锂钴概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485426290","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485426290","pubTimestamp":1732225680,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2147 GMT - The sharp sell-off in Mineral Resources's share price since early October prompts Citi to upgrade the stock to neutral, from sell. Still, analyst Kate McCutcheon thinks there will be limited interest from incremental buyers. That's because Mineral Resources faces several headwinds including ongoing governance concerns. Uncertainty remains around Mineral Resources's senior leadership team, and the company's lithium ventures are either marginally profitable or loss-making, Citi says. Also, the companyfaces internal and external investigations. \"For holders looking for the positives, Mineral Resources's assets have not fundamentally changed,\" Citi says. Mineral Resources is down some 37% from its recent peak on Oct. 7. 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