0203 GMT - Mineral Resources' FY 2026 result is a strong one, with earnings a small beat and its dividend reinstated at a much higher level than anticipated, Barrenjoey says. The miner declared a dividend of A$0.83, while Barrenjoey had forecast A$0.50 and consensus was at just A$0.07, the bank says. That "should be taken positively," says Barrenjoey. "FY27 guidance also broadly better than market expected across the board, with Wodgina a strong beat on volume and costs, and capex slightly better on a like-for-like basis," it says. The bank has an overweight rating and a A$73.00 target on Mineral Resources. Shares initially jumped as high as A$70.87 but have tumbled through the morning in Sydney to recently trade down 2.1% at A$65.51.
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