Mineral Resources (OTCMKTS:MALRY) Trading Down 3.9%

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Mineral Resources from a “neutral” rating to a “sell” rating in a report on Wednesday, May 3rd.

Mineral Resources Price Performance

The business has a fifty day simple moving average of $50.86 and a two-hundred day simple moving average of $55.38.

Mineral Resources Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 14th. Stockholders of record on Thursday, March 9th were issued a $0.7605 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. This is an increase from Mineral Resources’s previous dividend of $0.64. This represents a dividend yield of 2.4%.

About Mineral Resources

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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.