Up 73%! 3 reasons I'd still buy Mineral Resources shares today

Mineral Resources Ltd (ASX: MIN) shares are slipping today.

Shares in the S&P/ASX 200 Index (ASX: XJO) lithium miner and diversified resources producer closed yesterday trading for $65.22. In morning trade on Wednesday, shares are changing hands for $64.75 apiece, down 0.7%.

For some context, the ASX 200 is down 0.5% at this same time following a retrace in US stock markets overnight.

Taking a step back, one year ago, on 12 August 2025, you could have snapped up Mineral Resources shares for just $37.50 each. Which sees the ASX 200 mining stock up an impressive 72.7% in a year, smashing the 3.7% 12-month gains delivered by the benchmark index.

And looking ahead, Shaw and Partners' James Bills expects the miner will continue to reward long-term shareholders (courtesy of The Bull).

Here's why.

Why Mineral Resources shares can keep on giving

The first reason Bills is bullish on the ASX 200 mining stock is its strong iron ore and lithium operations. He noted:

Mineral Resources offers exposure to iron ore and lithium, providing leverage to key commodities which are expected to play an important role in global infrastructure development and electrification.

Commenting on the second reason he issued a buy recommendation on Mineral Resources shares, Bills said:

The company retains a high-quality asset base, integrated mining service operations and significant long term growth potential. Its lithium portfolio is positioned to benefit from improving market conditions and increasing production volumes.

And the third reason I'd look at buying the ASX miner today is that, while its share price is up 72.7% in 12 months, shares are down 12.9% from the $74.33 recorded at the 1 June close.

"For investors willing to tolerate cyclical volatility, recent price levels present an attractive risk-reward opportunity," Bills concluded.

What's the latest from the ASX 200 mining stock?

Mineral Resources released it June quarter update on 29 July.

And it was an impressive quarter.

The company achieved record annual volumes of 341 million tonnes for its Mining Services division, produced 29.5 million tonnes at its Iron Ore operations, and 559,000 tonnes (dmt SC6) from its Lithium business.

Across the board, the company met or exceeded its FY 2026 volume and cost guidance in all of its business segments

The June quarter also saw Mineral Resources commence construction at its Onslow Iron project as well as restarting production at Bald Hill. And in May the company made a Final Investment Decision (FID) to construct a flotation plant and develop underground mining at its Mt Marion lithium operations.

Mineral Resources share closed up 4.8% on the day of the results release.

The post Up 73%! 3 reasons I'd still buy Mineral Resources shares today appeared first on The Motley Fool Australia.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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