Mineral Resources Ltd (ASX: MIN) shares are climbing higher into the green today.

At the time of writing, the shares are up around 4% at $55.57 a piece.

The increase is great news for investors after a volatile run so far this year. The shares have swung wildly, ranging from $27.65 to $74.94 over the past 12 months. 

For the year to date, they’re roughly flat, and they’re around 81% higher than 12 months ago.

So if I bought $1,000 of Minerals Resources shares 12 months ago, what would they be worth today?

This time last year, the miner’s shares were close to a multi-year low and trading hands for $30.66 each. Today they’re trading 81% higher.

That means your $1,000 investment in July last year would now be worth closer to $1,810.

That’s a decent increase!

What’s ahead for Mineral Resources shares?

The experts are incredibly bullish about the upside for Mineral Resources shares over the next 12 months.

Market Index data shows that all brokers agree on a buy rating on the ASX mining share. The average $79.83 target price implies an upside of around 50% at the time of writing. 

The data is similar on TradingView. Sentiment is more mixed, but the majority (10 out of 16) have a buy or strong buy rating on the shares.

The average target price is lower at $69.68, implying a potential 26% upside at the time of writing. But more bullish analysts expect the shares to increase 55% to around $86 a piece over the next 12 months.

If analyst forecasts are correct, your $1,000 investment last year could be worth around $2,800 by July 2027.

What could drive the share price higher over the next 12 months?

It looks like the key driver of a share price increase over the next year is that the ASX mining stock is still considered oversold and below fair value.

Mineral Resources suffered a sharp share price crash in mid-2024, before bottoming at a five-year low in early 2025. Since then, there has been an impressive recovery. But it appears that the miner has a lot more to bring to the table.

Mineral Resources has major exposure to lithium and has ridden the wave of soaring lithium carbonate prices through early 2026. 

The miner confirmed plans to restart operations at its 100%-owned Bald Hill lithium mine in May, following a “significant and sustained recovery” in lithium prices.

Later the same month, site activity ramped up, and the first production blast was successfully completed in early June.

The initial shipment is expected to depart through the Port of Esperance in the first quarter of FY27.

The post If I invested $1,000 into Mineral Resources shares 12 months ago, guess what I’d have today! appeared first on The Motley Fool Australia.

More reading

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• What are the top picks in the ASX lithium sector right now?
• Buy, hold, sell: Regis Resources, Mineral Resources, Woolworths shares
• Experts name 3 big-name ASX 200 shares to sell
• Top 5 ASX 200 lithium shares of FY26

Motley Fool contributor Samantha Menzies 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.

Space Exploration Technologies Corp (NASDAQ: SPCX) founder Elon Musk is on record as saying the newly listed company will be “worth more than Earth if we achieve our goals”. However, investors who bought shares in the initial public offering are now deeply underwater.

SpaceX shares plumbing new lows

SpaceX shares fell another 6.7% overnight to close at US$115.26, well below the US$135 initial public offer (IPO) price and more than US$100 lower than the high of US$225.64 achieved in the days following the company’s listing on the US NASDAQ exchange.

There has been no specific market-moving news putting downward pressure on the shares; however, the company’s IPO disclosures show that two of its three divisions continue to burn cash, with only the Starlink connectivity division making money.

With that in mind, investors will be focused on the company’s first earnings report, which it announced this week will be scheduled for August 4.

According to US business news outlet CNBC, this will also trigger the ability for insiders to begin trading a portion of their shares, which could put further downward pressure on the share price.

US news outlets have also widely reported that the company has been the target of short sellers, with as much as a third of its public float being shorted.

Mr Musk took aim at the short sellers in a post on X last week, where he declared, “The survival probability of firms who maintain a significant short position in SpaceX over time is very low”.

Market watchers see longer-term upside in SpaceX shares

Analysts are almost universally bullish about the company’s prospects, with Yahoo reporting that, of the 13 analysts following the stock, the lowest price target is US$200.

A UBS report published in Australia earlier this month put a price target of US$210 on the company.

The UBS team said that as the company brings its Starship rocket system into service, the total addressable market for the company could increase to US$30 trillion.

UBS added:

We view SpaceX as an unparalleled set of assets with a multifaceted return profile and multiple drivers of upside for long term, risk tolerant investors. Starship – the most advanced heavy-lift, re-usable rocket – is the foundational technology that unlocks opportunities in launch, communications and AI compute creating a total addressable market nearing US$30T. Starship would effectively give SpaceX commercial control over access to space for the next decade, and we expect revenues/EBITDA to grow at a ~70%/90% CAGR through ’31 to US$660B/US$512B as opportunities in AI and connectivity scale and rapid reusability drives the launch cost per kilogram to just $200 from $1K currently ($50K for the space shuttle).  

UBS said while it was not factored into their base investment case, SpaceX was “uniquely positioned to exploit off planet business models as they emerge, providing investors a call option as Elon Musk looks to fulfill his vision of making life multiplanetary”.

The post SpaceX shares continue to slide. What’s the next catalyst for a recovery? appeared first on The Motley Fool Australia.

More reading

• 9 ASX 200 shares with refreshed buy ratings this week
• 3 ASX 200 stocks smashing new 52-week-plus highs today
• Why is this ASX lithium stock racing 9% higher today?
• Why Sandfire, Domino’s and Macquarie shares are making waves on Thursday
• 8 ASX 200 shares downgraded by experts this week

Motley Fool contributor Cameron England 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.

S&P/ASX 200 Index (ASX: XJO) shares are up 0.7% to 8,883.7 points on Thursday.

Brokers have indicated continuing confidence in several ASX 200 shares this week.

Let’s check them out.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is $55.06, up 2.7% today.

Mineral Resources was among the 5 best ASX 200 mining shares of FY26 for share price growth.

Morgans reiterated its buy call on the miner with a 12-month price target of $68.

This suggests a potential 24% upside ahead.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas Rare Earths share price is $15.24, down 0.9% today.

UBS reiterated its buy rating on Lynas Rare Earths shares with a price target of $22.75.

This implies potential capital gains of 47% ahead.

BHP Group Ltd (ASX: BHP)

The BHP share price is $60.62, up 1.4% today.

Morgan Stanley reaffirmed its buy rating on the market’s largest ASX 200 mining share.

The broker has a 12-month target of $67.50, which suggests a potential 12% upside ahead.

Charter Hall Group (ASX: CHC)

The Charter Hall share price is $22.80, up 1.4% today.

Jefferies reiterated its buy rating on the real estate investment trust (REIT) yesterday.

The broker has a 12-month price target of $33.82.

This implies a potential near-50% upside ahead.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price is $8.46, up 0.2% today.

UBS renewed its buy rating on IAG shares with an $8.80 target.

This implies potential capital growth of 4% for the ASX 200 financial share.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is $32.34, down 4.5% today.

Wisetech shares were among the 5 biggest fallers on the ASX 200 in FY26.

Bell Potter reiterated its buy rating on WiseTech shares today with a $71.75 target.

This implies potential capital gains of more than 120% ahead.

Westgold Resources Ltd (ASX: WGX)

The Westgold Resources share price is $4.83, down 0.5% today.

UBS reaffirmed its buy call on the ASX 200 gold share with a 12-month target of $7.75.

This suggests a potential 60% upside ahead.

Zip Co Ltd (ASX: ZIP)

The Zip share price is $2.71, down 2.5% today.

UBS renewed its buy rating on Zip shares this week.

The broker raised its 12-month price target from $3.10 to $4.10.

This suggests more than 50% upside ahead.

Qantas Airways Ltd (ASX: QAN)

The Qantas share price is $10.15, down 0.1% today.

Citi reiterated its buy rating on Qantas shares and increased its target price from $10.40 to $11.40.

This implies a potential 12% upside ahead for the ASX 200 airline share.

The post 9 ASX 200 shares with refreshed buy ratings this week appeared first on The Motley Fool Australia.

More reading

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• 3 key reasons to buy BHP shares today
• Are Megaport and WiseTech shares top buys?
• How many BHP shares do I need to buy for $10,000 of passive income?
• Here are the top 10 ASX 200 shares today

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has positions in BHP Group and Zip Co. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Jefferies Financial Group and WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.