Is the worst now over for Mineral Resources shares?

Is the worst now over for Mineral Resources shares? You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More Mineral Resources Ltd (ASX: MIN) shares have been battered in 2024, shedding over 50% of their value so far this year.

Reports of managing director Chris Ellison's actions and a $4 million settlement with the Australian Taxation Office (ATO) dragged shares lower, resulting in Ellison stepping down from the company's top role. More broadly, lithium and iron ore prices have compressed throughout the year, the former impacting the profitability of many lithium mines in the field. Mineral Resources hasn't been immune to these pressures.



But some analysts believe the tide may be turning for the embattled ASX miner. Let's take a look at what the current views are. Are Mineral Resources shares undervalued? The broker community remains divided on Mineral Resources shares, but the overall.

.. Zach Bristow.