MEI Shares Meteoric Resources Limited
ASX · ASXLast in our picks 2026-10-17 — not in the current list; analysis below is from that screen
Rare-earth development offers speculative exposure to AI infrastructure and strategic-minerals demand.
Future value: $0.32 (+48.84%) · 6-12 months · analyst consensus
Signal breakdown
- ▸Strong thematic buying in rare-earth names.
- ▸Above 50-day MA (+4.57%)
- ▸Above 200-day MA — long-term uptrend
- ▸~49% upside to price target
Is MEI a buy right now?
Trend: MEI is trading above the 50-day average (+2.38%), RSI 48 — neutral momentum, with a 3-month return of +19.44%.
Valuation & quality: Meteoric Resources Limited trades on forward P/E -26.1, price-to-book 9.35; fundamentals show net margin 0.0%, revenue growth 18.1% year on year.
Analyst consensus: 3 analysts have a mean 12-month price target of A$0.25 (+14.7% vs the last close; range A$0.23 – A$0.26), consensus rating “hold”.
Our screen: BUY (score 3) — Rare-earth development offers speculative exposure to AI infrastructure and strategic-minerals demand.
Computed from end-of-day data; not personal advice.
12-month price chart
Monthly returns
| Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|---|
| -22.70% | +11.80% | -5.30% | -16.70% | +26.70% | +10.50% | -19.00% | +29.40% |
Fundamentals
Analyst price target
Technical signals
About Meteoric Resources Limited
Meteoric Resources Limited, together with its subsidiaries, explores and develops mineral tenements in Brazil. The company explores for rare earth minerals, bauxite, clay, uranium, zirconium, and leucite.
Sector: Basic Materials · Industry: Other Industrial Metals & Mining · Australia · Website
Related Artificial Intelligence picks
Browse: all ASX stocks · Artificial Intelligence picks · today's movers
Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.