Mineral Resources (OTCMKTS:MALRY) was downgraded by investment analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, Stock Target Advisor reports.
Separately, Citigroup cut shares of Mineral Resources from a “buy” rating to a “neutral” rating in a research note on Tuesday.
MALRY remained flat at $$36.92 during trading on Tuesday. 15 shares of the company’s stock were exchanged, compared to its average volume of 1,028. The firm has a fifty day moving average of $31.64 and a 200 day moving average of $26.99. Mineral Resources has a 1 year low of $10.71 and a 1 year high of $36.92.
Mineral Resources Limited, together with subsidiaries, operates as a mining services and processing company in Australia, China, and Singapore. It operates through three segments: Mining Services, Commodities, and Central. The company offers contract crushing, screening, processing, and specialist mining services; mine services, including materials handling, plant and equipment hire, plant and equipment maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services in the resources sector.
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