Mineral Resources (OTCMKTS:MALRY) Trading Down 3.9%

Mineral Resources Limited (OTCMKTS:MALRY – Get Rating)’s stock price fell 3.9% on Wednesday . The company traded as low as $47.65 and last traded at $47.65. 2,570 shares changed hands during trading, an increase of 92% from the average session volume of 1,341 shares. The stock had previously closed at $49.59.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Mineral Resources from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 3rd.

Mineral Resources Stock Performance

The business’s 50 day simple moving average is $50.99 and its two-hundred day simple moving average is $55.44.

Mineral Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 14th. Shareholders of record on Thursday, March 9th were paid a dividend of $0.7605 per share. This is a positive change from Mineral Resources’s previous dividend of $0.64. This represents a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, March 8th.

Mineral Resources Company Profile

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Mineral Resources Ltd. engages in mining and processing of mineral properties. The firm operates through the following segments: Mining Services, Iron Ore, Lithium, Other Commodities, and Central. It offers contract crushing, infrastructure, and recovery of base metals concentrate. The company was founded by Christopher J.