MGX - MOUNT GIBSON IRON LIMITED
Citi rates MGX as Buy (1) - Mount Gibson has suspended the Shine project because of the adverse trajectory of iron ore prices. The project will be placed on care & maintenance pending an improvement in conditions.
Shine reserves total 2.8mt and grade 59.4% iron. In adjusting its model, Citi reduces the target to $0.60 from $0.65 and maintains a Buy/High Risk rating.
Target price is $0.60 Current Price is $0.45 Difference: $0.15 If MGX meets the Citi target it will return approximately 33% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY22:
Citi forecasts a full year FY22 dividend of 2.00 cents and EPS of 6.40 cents . At the last closing share price the estimated dividend yield is 4.44%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.03.
Forecast for FY23:
Citi forecasts a full year FY23 dividend of 5.00 cents and EPS of 20.60 cents . At the last closing share price the estimated dividend yield is 11.11%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 2.18.
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- Ann: Operating Update - Staged Suspension of Shine Iron Ore Mine
Ann: Operating Update - Staged Suspension of Shine Iron Ore Mine, page-24
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Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $377.6M |
Open | High | Low | Value | Volume |
31.5¢ | 32.0¢ | 31.0¢ | $694.1K | 2.217M |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 204324 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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31.5¢ | 7421 | 1 |
View Market Depth
No. | Vol. | Price($) |
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7 | 204324 | 0.305 |
8 | 765304 | 0.300 |
2 | 43000 | 0.295 |
5 | 39550 | 0.290 |
4 | 259264 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 7421 | 1 |
0.320 | 178060 | 7 |
0.325 | 186466 | 4 |
0.330 | 188524 | 6 |
0.335 | 104402 | 4 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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