The team at Bell Potter have been busy casting their eye over the recently published profit reports and has earmarked three miners with the potential for large share price gains.

Let’s see who they like.

Fenix Resources Ltd (ASX: FEX)

Iron ore producer Fenix produced a record 4.4 million tonnes of ore for the full year, boosting net profit by 128% to $12 million, on revenue of $589.7 million, up 87%.

The company also said it expected to further grow production in the current year to 4.7 to 5.3 million tonnes while maintaining costs at FY26 levels.

Bell Potter said earnings came in above its estimates, and there was also a positive surprise in the form of a 1-cent-per-share dividend.

The broker said:

FEX has outlined a clear pathway to incrementally grow iron ore production to 10Mtpa at significantly lower unit costs, leveraging its integrated logistics network to underpin cash flows and fund its substantial organic growth outlook. FEX holds the largest storage position at the strategic and fast-growing Geraldton Port.

Bell Potter has a price target of 54 cents on Fenix compared to 29.25 cents currently.

Nickel Industries Ltd (ASX: NIC)

Bell Potter said Nickel Industries’ full-year result was mixed, with revenue higher than their forecast but earnings lower due to higher finance and depreciation charges.

On the positive side, Bell Potter said the company was well leveraged to changes in the nickel price.

They said:

Overall, this leverage was reflected in revenue rising 13%, EBITDA rising 54% and NPAT rising 366% vs the previous corresponding period. Looking ahead, we expect volume growth and increased margins to drive aggressive EBITDA and earnings growth in 2HCY26 and CY27 as mining ramps up.

Bell Potter has a price target of $1.45 on Nickel Industries shares compared to 86.75 cents currently.

Paladin Energy Ltd (ASX: PDN)

The uranium miner recently reported revenue of US$304 million and EBITDA of US$63 million, which was below Bell Potter’s estimate of US$71 million.

The broker said this was “due to higher corporate and marketing costs which reflect the larger, multi-jurisdictional business following the completion of the Fission acquisition in FY25”.

Bell Potter said FY26 was a “transitional year” at Paladin’s Langer Heinrich mine, and they expected a lift in operating performance “with fresh ore now the sole feed to the processing plant and rising uranium prices to further support earnings”.

The broker added:

We retain our Buy recommendation. We have a positive medium- to long-term outlook for the uranium market, supported by barriers to new supply and demand growth linked to electrification, energy security and AI-related power requirements.

Bell Potter has a price target of $14.50 on Paladin compared to $12.07 currently.  

The post 3 ASX mining shares Bell Potter rates a buy appeared first on The Motley Fool Australia.

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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.

Mineral Resources Ltd (ASX: MIN) shares are moving higher on Thursday after the mining company released its FY26 results.

At the time of writing, the Mineral Resources share price is up 2.62% to $68.64.

There was plenty for investors to unpack, with revenue, earnings and free cash flow all moving higher during the year.

But one part of the result seems to have caught investors by surprise.

After going without a dividend in FY25, Mineral Resources is bringing it back, and the payment is much bigger than the market had expected.

So, how much will shareholders receive?

Mineral Resources brings back its dividend

Mineral Resources has declared a fully-franked final dividend of 83 cents per share.

This represents a 20% payout of underlying net profit after tax (NPAT) and marks the company’s first dividend since FY24.

The payment itself was also a lot bigger than the market had expected.

According to RBC Capital Markets, consensus estimates were sitting at just 7 cents per share heading into the result. Analyst James Redfern described the 83-cent payment as a “very positive surprise”.

At the current Mineral Resources share price of $68.64, the dividend represents a yield of around 1.2% before franking credits.

When will shareholders get paid?

Mineral Resources shares are scheduled to trade ex-dividend on 8 September, with the record date falling on 9 September.

The company will then pay the dividend on 30 September.

The payment is fully franked, giving eligible shareholders the added benefit of attached franking credits.

Mineral Resources is also operating its dividend reinvestment plan (DRP), with eligible shareholders able to receive new shares instead of taking the payment in cash.

Why is the dividend back?

The return of the dividend follows a pretty big improvement in the company’s finances during FY26.

Revenue jumped 44% to a record $6.5 billion, while underlying EBITDA surged 183% to $2.6 billion.

Underlying NPAT came in at $822 million, compared with a $112 million loss a year earlier.

The company also returned to profit after a difficult FY25, helped by stronger operating performance across the business.

Cash flow was another positive from the result. Mineral Resources generated $849 million in free cash flow, while liquidity more than doubled to $2.4 billion.

Net debt also fell by around $1.1 billion to $4.3 billion, bringing its net debt to underlying EBITDA ratio down from 5.9 times to 1.7 times.

What’s next?

While there were some big numbers in the FY26 result, the return of the dividend is likely to stand out for shareholders who went without one last year.

Management is also expecting volumes to grow across its mining services business, as well as iron ore and lithium commodities in FY27.

If that growth comes through and debt keeps falling, the company could be in a stronger position to keep rewarding shareholders with dividends.

The post Mineral Resources just delivered a surprise dividend. Here’s how much appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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.

The Mayfield Group Holdings Ltd (ASX: MYG) share price is up 18% to $2.47 on Thursday after the company reported a 43% lift in revenue to $169.0 million and an 18.9% rise in full-year statutory net profit after tax (NPAT) to $8.0 million.

What did Mayfield Group Holdings report?

• Revenue: up 43% to $169.0 million
• Statutory NPAT: up 18.9% to $8.0 million
• Underlying NPAT: up 50% to $10.9 million
• Underlying EBITDA: up 54% to $18.5 million (margin: 10.9%)
• Final fully franked dividend: 2.4 cents per share declared (total FY26 dividends: 4.4 cents)
• Operating cash flow: $5.0 million, with year-end cash at $21.8 million

What else do investors need to know?

Mayfield delivered record financial results, driven by ongoing demand across data centre, mining and utilities sectors, as well as the acquisitions of BE Switchcraft and SMEC Power & Technology. These deals broadened Mayfield’s manufacturing capabilities and market reach, with the new businesses contributing to group revenue and profit since completion.

The company completed a $33.5 million capital raising to help fund acquisitions and support future growth. Net tangible assets increased to 48.84 cents per share, and management says the group remains well placed for further investment or bolt-on opportunities.

What’s next for Mayfield Group Holdings?

Mayfield has declared a fully franked final dividend of 2.4 cents per share, payable in September. Looking ahead, the group expects continued growth, supported by recent acquisitions, an expanded manufacturing footprint, and ongoing investment in people and systems. Mayfield is targeting further expansion opportunities, including the recently acquired Nilsen Switchboards division (to be recognised in FY27).

Management says its balance sheet strength gives it flexibility to pursue value-adding strategic growth in key sectors.

Mayfield Group Holdings share price snapshot

The Mayfield Group Holdings share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months, surging around 70% over the period.

View Original Announcement

The post Mayfield Group share price jumps 18% after delivering record profit and higher dividend appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 recommended Mayfield Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.